In the last few days, I continuously broke my trading plan in numerous ways. First, I was lured by superior returns that be could achieve if only I was trading using a different trading plan other than my own. I purchased a handfull of strong trending stocks. It backfired horribly and I lost -2,51 % of my total portfolio in a couple of days.
Analyzing the trading experiment to purchase strong trending stocks, I came to the conclusion that it could have worked if I had properly diversified the stock portfolio. I committed all my capital to this new more perfected experimental trading plan. However, after only a couple of days, despite being more diversified, I was hemorrhaging capital and I terminated the experiment.
Dissuaded and doubting the sustainability of trading all together. I did yet another mistake, Instead of returning to my trading plan. I invested in a portfolio of dividend stocks which I shortly thereafter sold after listening to an interview with @Kavastu in episode 30 of Feminvest podcast(swedish). Where he retold his history as a trader and the importance of using your own trading plan and trading method.
This illustrates the importance of sticking to your own trading plan and trading method. I am now back on track again after losing a total of -4,68 % over the span of 2 weeks.
I turned a small trading mistake into a great catastrophe by changing the brokerage fee-plan, trading back and forth, accumulating brokerage fees and losing capital due to market movements.