Less is More · The Trade Team #T3 (Free)

Less is More

took some time to analyze my trading stats from the last few months

my max trades a year ago, before the mentorship training, was 71 per day., I am now at 22.

the stats showed that when I did 1 to 4 trades per day, my win rate was 78%, and getting half to 1% of the account per day. on the loss side the average loss was .41%.

but when I went over 5 trades, because I lost that first trade, and slid into revenge trading, my win rate drops to 27% ! and my average loss jumped to almost 3% of the account !

so my changes to my trade plan for my real$ account are:

4 trades per day max

if I loose the first trade I must immediately stop.

reducing max allowed daily loss to 1%, was 3%

I can best increase my profits by reducing my losses.

part of me is thinking I could just go demo trade after that first loss, but I feel that would just reinforce the revenge trading, allowing me to indulge in a bad habit. I need to starve this one and break the bankrupting habit once and for all.

many many thanks to Ryan for the trade plan and journaling training.

Still no blown accounts 😍,

learning patience and consistency

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