We've all suffered this / are suffering it Not sure "mechanical" is the best mindset - we're human... not machines But a detached / disciplined approach would be imo Ultimately your decision of course =============== Got a plan how to get there..., and prepared to implement that plan Because now..., the real work begins You're going to need a whatever it takes..., however long it takes - mentality And be prepared to take baby steps..., interspersed with many steps backwards - until it resolved Truth of the matter..., some never do resolve it - totally your choice to be one of them..., or not Successful journey RN
A few hours paper trading doesn't tell you anything. It's one roll of a dice in a series of tens of thousands. Trading with much lower leverage for say 6 months seems sensible to me.
I hereby nominate this thread for the Hall of Fame. This trader is stuck inside that which he/she can't see out of and is incapable of taking advice. The gambling parlor loves this sort and will take them back when they get another grubstake.
paper isn't where you go to learn if you can guess right. It's where you go to see what happens when you keep guessing like you have been guessing. And that's where drawdown comes in. If you just want to learn how to guess open a small betting account If you want to learn about drawdown go to paper
paper is where you go to learn how increasing or decreasing size affects your account, and how much based on your worse paper drawdown you will need to put this on live. And where you go to experiment with tweaks to the system you are currently running live. My strategy keeps me in all the time, I'm very rarely flat, but I always have something going on in my paper account, usually the exact same system I am running live, just to get an extra set of eyes on a problem I may have overlooked.
You're dumping gas..., on a raging fire..., that you should otherwise be working your ass off to extinguish Mkt is really funny - it'll knock the living shit out of us..., then back off just enough to give us a false sense of - hey I can do this / I got this - iow hope Then it'll rip your guts out again Unless you step back - and fix you - resign yourself to being a yo yo People like me will continue taking your money - and not think twice ======================= FL, You've been provided the right direction - the rest is up to you to make it happen I don't enjoy..., in the least..., seeing an aspiring trader destroy their self needlessly But what the hell - we are after all free to choose our path..., decide our fate RN
The reason I lost 40% was because of short term speculation on 5min and hour charts. Trying to double my account in a month. I went back to my old method holding a minimum of 12 hours the risks are super low. The opportunities are few and far between maybe once or twice per week. I have no doubts that I will fully recover using this method.