I made my first mistake this year trading. I deployed a 5th system, prematurely. It's not fully baked in and had an execution issue this week. Pulling the plug on that one, needs more work. Sticking to my 4 concrete systems that have been live for a while now. Still UP for the week.
February needs to be a big month, last week should have been much better. Made two mistakes last week that cost me about 3.6%, oh well the important thing is you learn from them. 1 position should have never been entered, and 1 position should have been entered. If I can keep my mistakes down to 3 or less per month, I should be in good shape this year. I have an error log that I record errors that I make. Over time, I've started to make less trading errors.
That's exactly why daytrading was for me the only option. Problem there was to find a consistent profitable system. I have to do more screentime but also generate more profits.
I think about layering on a level of shorter term systems, I was brainstorming this weekend about it. I still feel that my 4 systems I trade need full mastery before I can layer on new stuff. I'm about 80% there, its difficult to trade the system perfect, but I am close. Once I master it, I'm going to look to add a shorter system. The funny thing is, almost all of my trades on my current systems, show Green on all entrances. The trade goes my way for a period of time almost all the time. So my thought process is maybe take my trading size lets say it is 10 contracts... well add 2 more, and look to target lets say 4 handles and win 85% of the time and take down "shorter" term income as my longer term positions develop. That potentially is a starting point to help smooth the monthly earnings. Thanks for the input Schweiz, it's always welcomed.