What's happening to my trading and investing? I had a slump quite a big one after i lost AUD2K in forex, specifically AUD/USD the dramatic rise to 1.08.
I hated myself for weeks. I was so sure that my strategy will work but it failed. Why? OVER - LEVERAGE. again WHY? OVER-freaking-LEVERAGE.
The rule of the game is protecting your capital and do not focus on how much you gain but how much you can minimise your lost. The gain will take care itself eventually.
NOTE TO MYSELF: WHAT YOU LOSE PERMANENTLY IS HARDER TO GAIN. this could be explained in terms of maths, simply.
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