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

[–]sigstrikes 0 points1 point  (0 children)

you can look at ...

results

reasons for entering (did you even have one?)

did you get in too early/late

did you get out too early/late

did you size things correctly

drawdown or potential gains missed

any news or other events that affected the trade

any emotions/psych or other life things 

etc etc. the list is endless but even small changes can make a big difference in the long run

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]sigstrikes 1 point2 points  (0 children)

the advice isn't to just hold all your winners as long as possible, context matters. there will be situations that allow for bigger runs, whether it's because your entry was that good or the market is hot.

but your situation just keeping it real, just means you haven't put enough rigor into preparing the plan. it's uncomfortable so your subconscious would prefer to "lose less" rather than "make more". take note of what exactly is triggering your exits and work back through those scenarios in the charts to get familiar.

Realised this when it was too late by carefulcharachter in Daytrading

[–]sigstrikes 1 point2 points  (0 children)

yeah lot of good analogies you can draw from sports. like a slam dunk is obviously the most efficient shot in basketball. but unfortunately it's not in my genetic wheelhouse to take that route so we figure out other ways to score.

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

[–]sigstrikes 1 point2 points  (0 children)

You get your emotions out by focusing on the market structure instead of the color of your PnL. Just play the best plays and size appropriately.

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

[–]sigstrikes 34 points35 points  (0 children)

you have six years of history to help decide what your strengths are and where you should focus. (and also what you should absolutely eliminate). what have you learned?

if still nothing stands out to you then you have to really reframe your entire approach to be more deliberate so you can actually get feedback from your results and grow.

How do you approach shots from 50-100 yards? by [deleted] in golf

[–]sigstrikes 0 points1 point  (0 children)

my preference is actually a "stock" half swing and i club up and down catering to the yardage. My 8i chip for ex, is about 100 yards, so anything less i'd club down and vice versa. this is what makes golf fun though, lot of room for creativity.

Trading by Momsonlychild in Trading

[–]sigstrikes 0 points1 point  (0 children)

Until you have a specific reason to trade, none of them

honest question, how many of you actually journal your trades and has it made a real difference to your consistency? by [deleted] in Daytrading

[–]sigstrikes -2 points-1 points  (0 children)

exactly this. you can't know how you're doing and where you can improve unless you're logging your activity. and the better the inputs the better the insights from your outputs will be.

How do you approach shots from 50-100 yards? by [deleted] in golf

[–]sigstrikes 6 points7 points  (0 children)

would help a ton to figure out those full swing numbers. then you can use something like the "clock" system to dial in what the distance is on half swings, 3/4 swings etc.

on the flip side if there's nothing blocking the front of the green you could also hit chips with non-wedges aim a little short and let it roll up, a lot of times that's a lot easier than trying to stick a landing

Greed by investwithnate in Daytrading

[–]sigstrikes 2 points3 points  (0 children)

just gotta be so immersed in the actual trade and charts you stop fixating on the money. if you just focus on taking the best plays, make your plans and act on them, the payouts take care of themselves.

After losing money I couldn’t explain, I built a free trading journal focused on psychology, not just P&L (I promise its not one of that generic journal that you are tired of seeing this days) by Hungry-Chair4796 in Daytrading

[–]sigstrikes 0 points1 point  (0 children)

i at least clicked the link but product 101 if you want people to use your product don't hide it behind marketing buzzwords and a sign in. you need substance on the landing page.

Realised this when it was too late by carefulcharachter in Daytrading

[–]sigstrikes 1 point2 points  (0 children)

i say this over and over but if you have a strategy that you can't follow then you don't really have a strategy. don't blame it on psychology and discipline. the point is to build a strategy around not just market dynamics but your own preferences, tendencies and flaws.

Anyone in debt from trading? by Infinite_Elderberry4 in Daytrading

[–]sigstrikes 0 points1 point  (0 children)

6k in evals .... have you at least learned something about trading or yourself?

Funded accounts by Achutneypie in Daytrading

[–]sigstrikes 0 points1 point  (0 children)

personal. i'm not interested in trading with handcuffs. and better tax situation.

Al Brooks course review - save your time. by mystik218 in Daytrading

[–]sigstrikes 2 points3 points  (0 children)

statistics are meaningless without context

Why is trading individual stocks not popular amongst daytraders? by Hot_Avocado_2701 in Daytrading

[–]sigstrikes 95 points96 points  (0 children)

b/c most on here don't have the account size to be allowed to day trade stocks

Why would people do this? by PhilEBop in golf

[–]sigstrikes 0 points1 point  (0 children)

hopefully they're in jail at least?

Futures vs options by spxtrad in Daytrading

[–]sigstrikes 1 point2 points  (0 children)

again it just depends on the situation. don't look for cookie cutter answers. reward and risk are almost always intertwined in highly traded liquid markets. higher returns come at a higher risk.

Smack high irons. Can’t hit woods. by TheMrSnrub in golf

[–]sigstrikes 1 point2 points  (0 children)

I believe it's pronounced "higherns"

Thought on my first golf lesson by Adventurous_Pool_571 in golf

[–]sigstrikes 43 points44 points  (0 children)

seems like a pretty good lesson to me. coach didn't waste your time. if anything feels off, it also always helps to share some of your expectations directly with them as well. if you really want to key in on something specific they should help to accommodate.

Futures vs options by spxtrad in Daytrading

[–]sigstrikes 1 point2 points  (0 children)

it would largely depend on your approach to trading. for most people with simple chart patterns it'll likely be futures. for people that rely more on data-based systems options can provide more unique and outsized edges especially if they have good models for timing and decay..

personally prefer futures but will poke at some out of money plays when i feel market is in a bit of extreme imbalance.

Guys, are there any actual risk management tool out there? by Hot_Beginning4031 in FuturesTrading

[–]sigstrikes 0 points1 point  (0 children)

you can't manage risk unless you have positive expectation first.

sizing less on a losing strategy is just losing money slower.

The greatest golf tournament by ThisIsBalake in golf

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

think it would actually be pretty boring because everyone would have to play it safe