What is the point of writing everyday when nothing is going right?
This is the thought which is there every morning and somehow I type in the few words to describe the failure of the previous day, day after day.
Traders live through such times. The experience is not uncommon. It happens to all of us. Most of trades go into denial mode and stop thinking and talking about the trades gone wrong.
Doing that does not help. Talking about losing also does not seem to be helping right now. It may look good to read at some time in the future when the results are better.
After the pep talk, it is time to share the continued foolishness.
Nothing worked for our trades. PUTS and CALLS both lost value and we are in a bad position now.
We do not add to these losing positions but continue our wait.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.