Solution: Get disciplined or program your trading system into an automated trading program that will trade without your interference. Solution: Get a better computer and better internet connection. Very important for any trading, manual or automated. You do not need any 3rd parties. All the solutions to your "pitfalls" lie within yourself for you to trade your profitable and robust trading system successfully. If your trading system is truly profitable and robust, why would you want to sell them to strangers? Why wouldn't you want to trade it yourself to profit from it? You want to watch other people to become rich on your own profitable and robust system while you stand on the sideline cheering them on? LOL
Just from the sample trades that your profitable and robust trading system has generated, the win ratio is about 50%. So if I to completely rely on your trading system to trade, I will be losing half of the time. That's not a profitable and robust system. Your system produces the same outcome as a coin toss. I could be tossing a coin to the air and to see how it land to decide whether I should buy or sell and I would be getting the same trading results as your system. So why should I or anyone spend money to buy your system when I can just toss a coin for free and it would yield me the same results?
I would colaborate / use / sell your system if I could run tests to make sure you have an edge and manage your risk. But the "discretionary adjustments" part rules this out. Then again I've tested other guys strategies and found them to be no more than coin toss gambles. Excellent system if on somebody else's money where you share the wins and only they cover the losses.
Psychology plays a hugely important part of trading and some of the most successful traders ever have blown up because they could not follow their own system. It is good that you have discovered this. It is unclear how you backtest your system. If you cant automate it how do you backtest it? When you are backtesting how do you know what fill you are getting?
Sometimes I sleep 2 hours at a time if I need to get things done (fixing problems). Does not matter how tired, when I need to get up for the market, I get up. Wouldn't think of just sleeping in because "I like it". Doesn't sound like you're taking it seriously, that's where the lack of discipline comes from.
sorry but disagree with you a little............... trading is a game of mind body and spirit. if mind and body are crying for rest then over stressing the spirit can be taxing. would rather just do the paper entry of the trades for that day while recouping and refreshing the "whole team" and being ready for the next day's action. somewhere i read that sleep deficit is like a basic bank account with regular maths. it builds up on you and results show in subconscious realm and also physical health.
@toc, sure, I don't underestimate the importance of sleep but I'm somewhat of an insomniac myself. I should also emphasize that I'm talking about automated systems so I'd be up only if something is broken. My goal is still to have everything running every trading day as consistently as possible. I would not do discretionary trading while sleep deprived, too many possibilities for things to go wrong.
it took you an entire day to clean/lube a bike and cook? christ in heaven how are you not a billionaire yet? rock solid proof of entrepreneurship and work ethic right there not a great way to start your pitch if you're looking for someone to join your team of one, they're hiring you as much as you're hiring them. would you hire someone for a job that freely admits to struggling to show up on time? what you're saying is you're well into adulthood and after twenty years lack self-discipline in what matters (for your pitch)? no one cares about abs. get a 4 plate squat and drink more milk, preferably raw. You've listed the shit that every adult in the developed world is expected to do. all that aside, you seem pretty set in your mind that you've got a rock-solid trading system that you need someone else to execute for you because you can't be bothered to get up on time. As a mostly neutral third party almost every line in your post is a red flag that you're full of shit whether or not you realize it. squat heavy for a while and reconsider the lens in which you're viewing yourself right now. remember to keep the bar low (below the traps, resting on the scapula), widen your stance and get to parallel or lower.
This is not true. Many profitable systems win less than 50% of the time. That does not make them a coin flip. Win percent is only 1 part of the equation. You also must include RR ratio. A system that wins 50% of the time will make money if the winners are 2x the value of the losers. You win 2R and lose 1R and win 50% of the time...this is a profitable system. A much better critique would be with the sample size. 20 trades is nothing. I can show you a block of 20 of my trades where there were 0 losers. I could peddle this in the same way...anyone could. It's just cherry picking a favorable trading period. The reality is that hundreds of trades are needed (at least) to make the sample size potentially relevant. Give me a sample size of 2,000 trades and then we can talk.
It's funny how so many still think winning rate matters at all. This metric is proven useless quickly with any basic form of backtesting.