Been studying this month’s price action. Truth? Nothing wrong with it.
If this is your worst month yet, stop looking outside. It’s you. You made the mistakes. Own them.
Sit with your journal and you’ll see it clearly:
➢The trades you took were low probability. You knew it. But there was nothing else on the chart so you forced it anyway. That’s you forcing trades.
➢The ones you skipped? They played out clean. Why did you skip them? Because you took losses earlier and got scared. That’s another problem.
➢You closed winners too early because you were scared they’d come back and stop you out. Problem.
➢You moved to break even too early for the same reason. Problem.
See the pattern? Fear ran your month, not your system.
The losses you can recover. But not until you fix the trader.
IF YOU ALREADY KNOW HOW TO TRADE BUT STILL STRUGGLE.
This is what you need to study,Be honest with yourself here:👇
✒︎Your losses: especially the ones where you didn’t follow your rules. Why didn’t the trade play out? What did you do wrong?
✒︎Last week’s mistakes: what keeps repeating?
✒︎Your wins : why did the trade play out? What can you learn so you keep doing it?
✒︎Your missed trades : why did you miss them? Fear? Hesitation? Not at your charts?
✒︎Your break-even trades : what exactly happened there?
✒︎Your equity curve : why are you profitable on TradingView but not on MT5? That gap is telling you something.
✒︎Greed check : your trade played out, but you wanted more from the market and gave it back. Was that you?
✒︎Lack of confidence? Backtest everyday
For every problem you find, ask yourself: what’s the solution?
Don't be a trader with colored charts and a laptop with nothing to show for it, start taking note of your mistakes.
You must make it!
How to handle friends that are always stressing you that they want to learn trading?
Just send them The Candlestick Trading Bible PDF…make sure you send Part 1, 2, and 3.
I promise, they won’t bring it up again 😂