How much were you losing each day ?
Before that trade, I had nearly $1.5
million in my trading account. So I was losing nearly 10 percent of my equity
level prior to the trade each. I was devastated. I felt like I was wounded in a
trench and watching myself bleed to death. The market went limit-down five days
in a row, and I lost over $600,000. On the fifth day, I remember sitting in a
park holding hands with a girl I had picked up, literally crying on her lap. I
was practically in a psychotic state. I thought about getting out of the business
altogether. I started to think that what everybody was telling me was true-maybe
it was luck that I had made money all those years. I worried that If I
continued trading, I could wind up losing it all, and being forced to go back
some job I didn’t like.
------Mark Weinstein ( The man who turned
the $100,000 into over $900,000 in three months US options trading contest)
