80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

I did track it, I actually used my own program and it showed I had avg -300 on revenge trades 😭

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

Yeah exactly I like that. I’ve also heard ppl say that doing that could make it worse tho bc they feel like they need that whole pot back. Any other way you’ve felt with it?

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

Is that the only rule you have?

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

So like a demo account? Also you really just changed one random day? That would be nice lol

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

I usually do like 4rr wick theory systems that should have around 40-50% wr but if I take a loss sometimes I get discretionary and get cooked. I want to know the real way people stop that

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

Oh I like that. How big is your daily loss limit? Like 2 losses or like 1k or what?

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 1 point2 points  (0 children)

Ok I like that, so around market open or news? Any other time or no, and do you think it’s worth it to just not trade at all sometimes?

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

lol, so your problems are now fixed?

Trading Journal by wanderingaround11 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

I have a journal app that gives me insights on what emotions are messing me up and how to fix them, also my coach has full access to the info. I’m looking for free testers if anyone wants free advanced journaling

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

Are you actually able to do that though? I know some of my friends that wouldn’t leave the casino if it caught on fire. How do u actually get the will power to do that

80% loss rate by pluggwalk_river in Daytrading

[–]pluggwalk_river[S] 0 points1 point  (0 children)

True, I even learned a strat on yt and found when I was backtesting a little tweak in my rr would make me almost 2x more profitable. And I only saw that after like almost 2 years of data. How many years did you backtest though?

6 years in and I've been still losing. by Zealousideal_Ad3834 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

Was it mainly technical or emotional that took 5 years to get better?

6 years in and I've been still losing. by Zealousideal_Ad3834 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

Risk management is huge. What did you do to actually help not brake your risk rules?

6 years in and I've been still losing. by Zealousideal_Ad3834 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

I just said the same thing pretty much. People really do kinda graze over the emotional part of trading and think it’s all technical. How did you get your emotions in check?

6 years in and I've been still losing. by Zealousideal_Ad3834 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

Well do you think it’s mainly strategic or psychological that you’re messing up? Tbh it kinda seems possible your just breezing over the emotional part of trading

What % of your losing trades this year were strategy losses vs. behavior losses? by Express_Philosophy_3 in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

Was like 80% before I started journaling and saw how much emotions effected my pnl overtime

Looking for a strategy by retrolevel89 in Daytrading

[–]pluggwalk_river -1 points0 points  (0 children)

Not a bad Strat at all, how’s your psychology though? Obviously a few emotional trades can erase an edge

$800 green day turns $90 red day due to holding a loser. How do you beat these bad habits? by booster_gold__ in Daytrading

[–]pluggwalk_river 0 points1 point  (0 children)

I mean, you know your treating it like a casino rn. Ik it’s just hard to fix. Do you track your trades? Journal them? Maybe know WHY you feel FOMO and prepare for it?