Instead of making 1.7K that week, because I was afraid to take any losses I wound up only making .2K on the trade, pulling out before it got any good. I should have recognized the risk/reward was good at ~ 1.6:1. Great for an iron condor. And that was max risk mind you. If the market started really going against me I could have gotten out at less than max loss, especially if this was to the downside. In fact, when the market closed at 2165 the next day I knew that the trade would be OK with 2 days to spare.
Anyhow, I told myself I needed to re-calibrate and be accepting of possible losses in order to win. Just don't let those losses get out of hand...that's the secret.
Really, trading, entrepreneurship...life in generally...if you want to improve and do more/do better you will have an eye on constantly improving your results within the limits of your emotional capital. BTW, one way to have more emotional capital is to go to bed planning to get work done, wake up the next morning, and then pretty much immediately start working. Don't waste time answering email because as Brain Tracy says in "No Excuses" basically this "unproductive" activity drains your emotional commitment to your work and then when its time to actually do things you don't feel like it. Save the "pleasant" tasks like email to the end of the day.
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