Rebuild time. After blowing 100k account.
So I’ve always had a pretty good understanding of options and price action, however it’s the emotional side of trading and that propensity to gamble that always bites me in the ass.
I’ve been trading options for a decade now. My lifetime pnl is around 120k. Which is pitiful when you look at how many times I’ve set myself up so well just to succumb to the same things that have destroyed me before. Usually I deposit $1,000 either lose it or run it up to 15-20k. Take out half my profits rinse and repeat. Well finally I was blessed with a seriously good run and got my account to 100k. I immediately withdrew half. So had about 50k to actually run some conservative theta gang plays and build real wealth over the long run….actually ran that up to 150k. Still didn’t just play it safe ended up withdrawing a little more thankfully but still lost the rest.
It’s such a frustrating battle because I have all the technical knowledge and experience it takes to succeed but still can’t get over the psychology part. I’m trying to build some healthier habits and get my mind and body right but I don’t know if I have such a propensity to gamble that I can never have true long term success. Anyone else dealing with similar issues? Still gonna keep trading because I know I can be profitable on a small scale because I withdraw when I have those big runs, but I just wanna be able to beat this part of myself and finally start building real wealth.
Anyone struggling with this issue?