Resting your hopes and dreams on the 1 minute candles is a very stressful and painful experience. A wise man once told me "Never add to a losing trade." and that advice is never wrong.
So why was it that I found myself (again) sitting half asleep, in the middle of the night, waiting for price to come back and rescue me? Was it something that someone had told me? Was it my own analysis which got me here? Or just bad execution and management of the trades which left me pinned to my seat.
I think it was greed, fear and stubbornness . Too greedy to allow the market to takeaway such as large amount of my money, fearful of margin calling another account and stubbornness which I think is more like plain old arrogance that it could not possible happen to me.
So in those dark hours when you find price digging you a hole which is too uncomfortable to bear, I can't help but to think back to some wiser words such as:
Come on I obviously need more wisdom, and I can't think of a better place then this to find it.