I fell down the Rabbit hole. Blew up an account.
Any suggestions? Or programs?
Did all the classic mistakes.
Going to reWrite my rules. Rules of engagement. Exits. Etc.
Going backtest minimum my 100x with notes to see if any nuances I need to tweak.
Part of problem was conflicting trading styles on same account. As in using momentum(breakout) and value(pullbacks) trades at the same time.
I "Chased" a big loss that I incurred from being overleveraged, as most of my trades were actually profitable, but I failed to EXIT according to my backtested and proven target levels.
Ultimately I think what did me in was I chased my losses(using pullback targets on breakout trades), wanting to make loss back in one trade, which is not how my systems were designed and proven. After a big 'mistake' like being overleveraged I plan to realign myself. Determine what occurred, differentiate if it was a "mistake" or "market occurance". Will regularly withdraw and if needed refund account to keep at same monetary level, which helps regulate risk, chasing and other variables I feel were a detriment.
I'm going to go back through VanTharps and Steenbargers works, redocument my parameters and any other related exercises. Also going do some regular mental performance work with a psychologist.
Any suggestions? Or programs?
Did all the classic mistakes.
Going to reWrite my rules. Rules of engagement. Exits. Etc.
Going backtest minimum my 100x with notes to see if any nuances I need to tweak.
Part of problem was conflicting trading styles on same account. As in using momentum(breakout) and value(pullbacks) trades at the same time.
I "Chased" a big loss that I incurred from being overleveraged, as most of my trades were actually profitable, but I failed to EXIT according to my backtested and proven target levels.
Ultimately I think what did me in was I chased my losses(using pullback targets on breakout trades), wanting to make loss back in one trade, which is not how my systems were designed and proven. After a big 'mistake' like being overleveraged I plan to realign myself. Determine what occurred, differentiate if it was a "mistake" or "market occurance". Will regularly withdraw and if needed refund account to keep at same monetary level, which helps regulate risk, chasing and other variables I feel were a detriment.
I'm going to go back through VanTharps and Steenbargers works, redocument my parameters and any other related exercises. Also going do some regular mental performance work with a psychologist.