I am so frustrated and angry with myself.. Again and again, i blown my account due to excessive greed.. I am so below the water now, with a negative net equity (-43%) .. This is so demoralizing but yet I know I must do something to improve my own trading traits...
Instead of putting in more money now to my trading account, I think I will deleverage (reduce my debt) first.. This is to prevent me from doing more foolish things again! I grew my account by volatility and also blown it with volatility.. Maybe this is because I never keep my position size within reason (I overleverage it) and also chasing my losses.
To start everything from scratch is really not easy but I will persevere because I believe one day I will overcome my own foolishness to become a better trader. I need to have a better risk management system in place to prevent me from being rash.. I guess that is the first thing I need to do!
I think I am still not up to standard to manage money therefore I might consider returning a portion and at the same time, growing my account slowly from small..
P.S : Looking on hindsight, the over leveraged trade which I made was a profit at night time.. Im feeling lots of regrets! A 15k loss wld be avoided with an additional 15k profit.. :(
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