My overall account balance reads $55,957.72. Oh, how nostaligc I am for the $58,000+ balance of yester-week!Today was rough for me work-wise. I'm self-employed and work for a few California publishers as a copy editor. The year is off to a very slow start. I didn't make enough in February to cover my expenses, and my bank account is not in a strong enough state to play safety net.
This is almost the position I was in last July, when I decided to abandon my blog--this blog--to focus on work. I'm not throwing in the towel this time though.
"Sticking with it" may be the right decision, but it certainly isn't the easiest. I'm faced now with many questions and concerns, chief among them, Should I be trading when the cards are down? When I am down?
Trading on emotions--fear, excitement--is no way to go. But what about trading when dealing with day-to-day emtions? If the answer is no, then I might as well change my position about throwing in the towel. I'm a Pisces. We're emotional by nature.
The only way to unearth the answer to the question is to run a little experiment. It's not really my money (all hail the FXCM demo account), so what's really the downside?
I stayed in the game today and did lose some money. I'm not jumping to the conclusion though that today's loss was due to my emotions. Yesterday I wasn't emotional and I still absorbed a loss. (Have I mentioned recently my longing for the $58,000 of fake money I once had?). For the record, I started off this morning with a $1800 loss and ended up making a few good trades after that. All trades occurred when bummed. No pattern has emerged
Needless to say, the results are inconclusive. It is something I want to revisit though. Knowledge is power after all.
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