IF YOU DO NOT UNDERSTAND HOW TO JOURNAL PROPERLY PLEASE READ THIS ENTIRE LONG POST ๐
Literally I have never seen anyone talk about this my entire time on social media and this is how I journal this is how I make tweaks to my existing strats over time
What is the difference between strat hopping and making tweaks?
let me explain
Making tweaks is great...because it means you are growing
Strat hopping is when you start a new strat take an L or a few Ls get discouraged and look for something new....that's most beginners
How I personally make tweaks is I do this...
I journal consistently and when I have a loss I dig into and study what went wrong
Sometimes I can't find anything at all and just scratch it off as...one data point and don't obsess over it move on
Sometimes I made an observation I notice a key detail... and what I do next is I go and I look for that signature in my past trades my losing trades
I look at my losing trades winning trades and look for similarities
So for example....how many of my losses in the past have this type of signature.....you may just pick up a pattern
Then I will open an excel and continue to track it going forward and eventually I have such a big set of data and the data doesn't lie it will tell you EXACTLY what to do next
So if it tells me "if you were to make this tweak your results would improve....THEN I MAKE THE TWEAK"
Same strat....one tweak....better results
And you repeat this process over and over again
That is called growth because we are all stduents of the market
Even myself with the millions ive made....im always growing
The strat is already profitable....but it can be even more profitable
Understand this and prosper....because no one talks about this but this is key to becoming the best trader you can be
If this post can get at least 200 likes I will make a video on this too
Not just for engagement but so I know there is actually alot of demand fot it. No engagement tells me no one cares do why make a long video wasting my time?
Let me know folks ๐ซก