I agree. After reviewing the losses I have found my stops too tight for the current mkt. Thankfully I keep the risk constant so i`m not getting chopped to bits...just a few mosquito bites. thanks
Words of wisdom. I`m not as emotional as I used to be..but it shows its ugly head at times like this. Reading that damn PnL thread during a losing streak doesn't help me either. One of the worst things we can do is try and compare ourselves to others. I dont swing a stick your size yet...guess its all relative though. For me a 1500.00 loss hurts. Good trading to you also.
Doesn't mean anything but that you don't sufficiently know your system. As an example, a highly profitable system might in 10 trading days very well exhibit 6 contiguous highs and 9 contiguous lows.
Your right. I`m going to do some testing this weekend based on my trades for the year. I may be spinning my wheels...
SPY,QQQQ avg per per trade 3.77 days avg per per winner 4.06 per loser 3.58 with my current losing streak i`m at 40% winners 60% losers..no scratch trades.
head to Margaritaville for a few weeks. Come back trading 100 share lots till you get your grove back....
MAN, you are fine! I thought you are in trouble! You are not! What data provider do you use? If you have eSignal or TradeStation I might be able to swing you a few indicators that I wrote that might help you. Cheers
Out of 26 trades:10 losers, 15 breakevens(tiny profits, tiny losses cancelling each other out after commission)), 1 profit It happened after I "figured out" I could afford to tighten my stops, generally speaking.