I'm still new to live trading and after a while trading profitably I moved through a euphoria stage. I felt that trading was so much simpler than I'd made it out to be and had winners in a row. Fast forward a few transactions and instead of trading 3 percent of my account I'm maxing out since I haven't been wrong before so that I can't be wrong in the long run ?

Well amusing my luck must have ran out to these first couple of transactions so now my account is confronting some critical drawdown which led me to overtrading the account trying to get the cash back. I have a problem with picking at tops and bottoms. If I go short you can be certain that I picked the bottom and the pair is going to fire off like a rocket and vice versa when I go. Take for example that the gbp/jpy weekly. Each time that I went it would return another 100 pips. The pair was speaking to me saying, come on go long you know you want some of this so I would then bam as a rock another 100 pip drop and me believing ok it's not going down any farther, seem the 1 hour chart indies a bullish candle, therefore I go long, replie lather rinse, account now very close to blown.

Last Sunday the pair gapped up on the open so the first thing I do when my trading broker opened was that I moved , place my stop and went into bed and woke up into a major reduction. I have this fear of missing the huge one which leads me to get into transactions that have no prospect of winning. This leads me.

I always have this feeling like that next trade is going to be the big one and of course it's usually not. That seems counterintuitive to me at this stage although I've thought about going back to the demonion. I have a method that's worked in the past for me but that I never follow it. How can you fight the urge, not pull the trigger? It appears it'd be simpler than the mouse don't click but I can't help it. When I have some discipline and nothing is showing about the four hour charts I can't help it and start looking at shorter time frames then when nothing there I pull up exotic pairs.

Another problem I'm facing is constantly watching the charts. I prefer the four hour charts but I see them all the time. I wake every hour almost up and operate to the computer checking their 18, when I'm asleep. When I put my transactions before I leave for work I'm anxious in the car the entire time until I get to work where I can pull the terminal. On top of being irritable from foolishly losing my cash, I'm tired and tired all the time . I'm looking ahead to Sunday when trading begins these past few weeks, even though I took a massive beating.

I'm not quite certain if that is normal behaviour or not. My account is not even that large. I'm certain most of you make about the daily swap rate compared to my account was worth but it hurts watching it evaporate. This was speculative money to begin with but I would prefer to be.

I just needed to vent but I appreciate any hints.