I lost £26'000 last week.
If you're here to gloat or say I told you so please keep it to yourself. This is my last ever post and so I shan't be replying. I'm posting because trading and this blog was a big part of my life for 20 months and I need closure to enable me to move on.
I gave this my all. I devoted so much time and energy in educating myself. I invested 20 months, thousands of hours and £55'000 into trading in an effort to open up a new horizon for myself.
It's not for me, I know that now. I'm too enthusiastic, I play too big for my account, my money management and attitude to risk is poor and I don't cut losing trades quickly enough.
The way I see it I only have one life. I reached 50 and although I run my own business and earn a decent living it doesn't afford me the luxury of doing things for my family the way I would like to, that's why I looked at trading. It's possible to make really good money on your own terms but I know with all my experience and every ounce of wisdom I have mustered that it's not going to work for me.
A man has to know his limits, I'm not a gambler, I never have been and I don't enjoy it. This was a bold stretch at a new career move, it didn't work and now I know it for sure.
This loss hurts and it will take me probably two years to get back on an even keel yet I'm glad I gave it a go. I have lost good money, a LOT of money but the upshot is it has helped me appreciate that what I do have is a GOOD small business that provides me with a living on my own terms and I'm so grateful for that.
I shall now apply myself to my business with the same passion and enthusiasm I have devoted to my trading.
Thanks for keeping me company on my journey, anyone who takes money out of the markets is a hero.
That's it.
Me!
