Re: Does it make sense to keep operating if you can't be consistent?
I became consistent after four years and what saved me was to stop changing the system every two weeks. One way. One way. Until it got into my blood. If you keep jumping from method to method, you're fried.
Re: Does it make sense to keep operating if you can't be consistent?
I don't understand those who complain about not being consistent and don't keep a diary. How are you going to get better if you don't even know what you're doing wrong? Seriously, 90% of your answers are there. But of course, it's easier to blame the market.
Re: Does it make sense to keep operating if you can't be consistent?
You're at the point where many get off the boat, but it's also the point where those who stay start to see light. Only you know if you've already given everything. But if you decide to follow, let it be with a clear plan, not just blind faith.
Re: Does it make sense to keep operating if you can't be consistent?
I summed it up like this: do I have an advantage? Can I execute it with discipline? If the answer is yes to both, then time will give me results. If it is not to any, it is to work. The rest is noise.
Re: Does it make sense to keep operating if you can't be consistent?
Trading taught me more about myself than any psychologist. If he hasn�t transformed you as a person, you�re not doing well. Money comes after. First comes the version of you that can handle it.
Re: Does it make sense to keep operating if you can't be consistent?
The majority of people who enter the trading are obsessed with finding "the best system", that which will give them magic entries and consistent results. What they do not understand � and few accept � is that the system represents only 10-15% of total success. The rest depends on how you execute it, and that includes psychology, risk management and discipline. You can have the best system in the world, but if you get out of the rules, if you let yourself be carried by emotion or increase the risk by impulse, you will end up burning the account. One of the keys that completely changed my way of operation was to establish a weekly review routine. At first it seemed tedious: open the diary, review the trades, see what I failed. But there was all. I realized patterns that repeated over and over again, silly mistakes that cost money. The odd thing is that in the good days it does not learn anything, and in the bad days it learns everything. So I started to assess the negative days more, because they were the most sincere mirror of my weaknesses. Besides, I started to work with hard rules: no more than 2% of daily loss, no more than 1% of the bad ones, no more than 1% of operation, and in the bad ones I learned everything.
Re: Does it make sense to keep operating if you can't be consistent?
Thank you for taking the time to share this, I identify with a lot of what you say.
Re: Does it make sense to keep operating if you can't be consistent?
And what if your system just doesn't have a real advantage? What good is discipline then?
Re: Does it make sense to keep operating if you can't be consistent?
Great contribution, especially to stop comparing, that destroys more accounts than leverage.
Re: Does it make sense to keep operating if you can't be consistent?
I keep a diary too, and I didn't know how much I learned from myself until I started it.