OK. Time for reassessment. I was at one of my sister's house for a family dinner. Then one of other sisters asked me how come I don't go back to a normal Corporate job. She's not aware that I've been doing my side consulting and now come to a client's office 2 days a week and the other 3 days I daytrade in the morning. It shook me a bit. Here I am a very well educated multiple degrees white collar professional with many skills. Am I wasting my time?! Then she added you probably doing OK with daytrading. You can probably easily make a few hundred bucks on $X capital base. That's when I realized it. A few hundred bucks is nothing in daytrading! I've been making and losing more than that on substantially lower capital base thanks to leverage inherent in futures markets. My signals are great. It's my losses that's killing me. I need a system to control losses. Otherwise I will never get out of this boom and bust cycle of making a lot then losing a lot then making a lot then losing a lot. Just plain stupid and insane! But I need to be HONEST to myself. Here are the good, bad, ugly, and game plan proposal. Good: ====== 1) I've done well in crypto trading. And it's NOT that I bought early. I didn't. I bought in late 2017 but I got out before it crashed. Since then I've been trading on and off and have done decent. I'm not a HODLer. And I'm no bitcoin millionaire. haha 2) When I'm right I make thousands on my futures trading easily. Bad: ===== 1) I don't cut losses fast enough. Thus erasing all of my good gains. 2) I don't stick to one timeframe. If my small accounts can't handle swing trading then I should just stop it. And focused on daytrading with limited stop losses. 3) Bad tendency to try to predict rather than follow. Ugly: ===== 1) Net net. I'm still down in 3 of my accounts. The other 2 are up nicely. 2) At times, I feel like I should give up else I'll lose everything in the 3 accounts that are down badly. Game Plan: ======== 1) Like I said, this is my 2nd go with trying to daytrading. I'm in much better shape(financially, emotionally, and market knowledgewise) than the first time around. 2) I have a side consulting that I'm doing, which acts as a stabilizing element. 3) I'm thinking of giving myself til Sept 2018. If I don't make progress by then I just give up on daytrading dream. Go apply to a Corporate job my sister suggested. 4) I will implement strict loss control going forward. If between now and Sept 2018 that tight stop loss doesn't improve my trading net results then I probably don't have a real edge(?). If it does then it means the only thing holding me back was my risk management and I have good signals. Is that a reasonable plan? This is the HIGHEST LEVEL stop loss! The trading stop losses are micro-level stop losses. I've learned so much about markets and myself. Am I 5 ft from gold or 5000 ft?