Dont see why you would be trading against the trend right now. It is down and has been for most of the week. Why try beat Mr Market when you just have to follow him around. I went short last week on some stocks and made a fair profit when I bailed today. No reason to believe the red wont persist for a little while longer but interest etc was eating into margins so took the small plus balance.
sorry dude, that hurts like h3ll. Maybe you need to tame your temptations and go back to less short term risk and try some longer investments for a while to settle the bank balance.(your personality though wont allow for this, you are a definite A type hehehe ). This correction is offering some nice entries again on blue chips.
No such thing as trading for fun. Tried it and it didn't work. Meetings and work stuff gets in the way. As Simon says. If you're having fun, you're probably losing money. Been there, done that. If you're gonna do something, make a proper attempt at it. No half measures.
Maybe if you just recognize that you've had your head so far up your @SS that you couldn't see the light that would be a good start. There is only one way of doing this and that is the right way. You've gone bust twice and now you trade on borrowed money. That sucks !!! Another site where you can learn something is http://www.alsi-trader.blogspot.com/ . SA's people trading indicies and they know what they are talking about.