Most trading advice says fix your psychology.
That's part of it. But some of it isn't going to change — so build the strategy around what's left.
I'm testing that in public. $3K → $100K, every trade in a journal anyone can read. Now at $8,883.
https://t.co/t052G1vGRN
@AdamWTrades Partials is something for higher RR. Wouldn't do it for any RR under 1:2 RR. I TP whenever I feel the market seems to switch against be. I prefer to stack small wins than to leave money on the table or turn red.
@MeetMattL With 1000 $ you are 5 flips away from 100k. Passing an eval, is like flipping a personnal account. You rince and repear that 4 more times and you're good to go.
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$3,000 to $100,000 sounds impossible.
It's five doublings: 6K, 12K, 24K, 48K, 96K. That's the whole road. I've done almost two.
The number never changed. The distance did.
Week 11: +$1,221.12, +12.93%. 334 trades, and only 12.9% of them were losses. Worst single trade: -$72.55.
My win rate isn't high. My loss rate is low. Everyone optimises the first one.
What's your goal? Is your plan built for it?
#3kto100k
@tradermike1234 I'm taking another route. I try to find the root of these emotions and why it triggers. Then I adjust my plan and strategy around it so these emotions rarely show up.
@ItsTraderLuke Mine is to take $3K to $100K.
Though the goal's real job is to make you follow a process — that's the whole job. Once it's done that, the attention belongs on the recipe, not the number.
The number just tells you which recipe to pick.
I don't think so. It is a change to the trading plan but not to the strategy. It goes in the same bucket as a rule to restrict to 1 or 2 trades a day max. It's a plan, not a strategy. A strategy, imo, is related to entry/exit criterias, the actual reasons to get into a trade or not. But who cares anyway ;)