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1 losing day kills me
Started:April 18th, 2016 (07:24 PM) by JoeMich Views / Replies:661 / 10
Last Reply:April 26th, 2016 (10:36 AM) Attachments:0

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1 losing day kills me

Old April 26th, 2016, 10:36 AM   #11 (permalink)
Trading for Fun
New York, USA
Futures Experience: Master
Platform: NinjaTrader
Broker/Data: Mirus/Continuum//FuturePath/Rithmic
Favorite Futures: Currency Futures, Treasury Futures
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Posts: 80 since Jun 2011
Thanks: 22 given, 78 received

If you can duplicate the winning days, then your method may be sound as long as you have a plan and are consistent with it on the up days.

If you are looking at your pnl and feeling pride in having a winning streak, then you are investing emotional capital in your statistics.

If you work too hard to fix a day that begins with a loss, then you are not trading to accumulate the capital from your winning days, but you are trading to feel pride in your statistics of having a streak of up days in your pnl.

The fact is that you will have a bad day, so when you determine today is starting bad, then stop entering the market and do other trading work so you feel like a trader but you are saving your capital for a better trading day.

...and finally, analyze everything you can think of in your journal so you might find clues as to what is different about you on your good days vs your bad days.

Last edited by jaytrades; April 26th, 2016 at 10:06 PM.
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