Dada, Thanks for the response.
Addicted to trading? Agreed. I am trying to stay off as much as i can.
Gambling? Trading is a gambling, except we are applying some intelligent predictions, based on some indicators which we hope to work in our favor, but still it doesn't at times (and hence the stop loss).
In my last trade, i didn't follow a decent money management, (stop loss strategy), and hence went broke. I averaged, against the market, when i knew i was wrong, and it proved fatal for me (don't want to give excuses, but i was not quite in my mind that day, after suffering from heavy fever and food poisoning) in a sane state of mind, i would never have done that. I have stopped averaging losing trades altogether after that, as so many seniors also suggested.
Addicted to trading? Agreed. I am trying to stay off as much as i can.
Gambling? Trading is a gambling, except we are applying some intelligent predictions, based on some indicators which we hope to work in our favor, but still it doesn't at times (and hence the stop loss).
In my last trade, i didn't follow a decent money management, (stop loss strategy), and hence went broke. I averaged, against the market, when i knew i was wrong, and it proved fatal for me (don't want to give excuses, but i was not quite in my mind that day, after suffering from heavy fever and food poisoning) in a sane state of mind, i would never have done that. I have stopped averaging losing trades altogether after that, as so many seniors also suggested.
That is the problem...