Losing days

[Millionaire]

If this is your intention you probably need to divulge more info as others have stated.

I have been doing well so far, trading my plan without any errors or negative emotions (fear, anger etc), i think this journal is helping me do this.

If i start failing at executing my trading plan 100% flawlessly, i will mention the issues i am having.

 

[beerntrading]

I have been doing well so far, trading my plan without any errors or negative emotions (fear, anger etc), i think this journal is helping me do this.

If i start failing at executing my trading plan 100% flawlessly, i will mention the issues i am having.

I've found I do better on my trades by keeping it public--my overarching fear of looking stupid in my journal seems to be the antidote for holding something against my better judgement. I feel like my approach is much more disciplined with the possibility of someone else seeing it, even if they don't.

 

[Millionaire]

Lost 3402 GBP (4422 USD) today.

Current losing streak length is 4 trading days.

Current drawdown from high water mark: -23,892 GBP (31K USD)

===========================================================

-5530
-3130
-756
-4379
-265
-2732
-4187

-2058
-4974
-103

-2807
-2766
-3243
-4107
-3778

-5209

-3513

-8699 (Start of drawdown)
-4668

-4920
-1842
-1988
-3402

=============================================================

 

[Millionaire]

Lost -7001GBP (9100USD) today

 

[Millionaire]

Update:

No losing days since my last post.

Have been a few winners, current drawdown is -15279 GBP (-12000 USD) from high watermark which was made in May.

 

[JSSPMK]

What I don't understand is that all your losses seem to vary in % relation to your trading capital, I always commit very similar % of risk. I sense that the Achilles Heel here is variance in your sizing, whenever you commit 10 lots it could win as well as lose, likewise whenever you commit 30 lots, so why bother altering size? If it's higher risk setup I'd just leave it & wait for a better setup.

 

[Millionaire]

What I don't understand is that all your losses seem to vary in % relation to your trading capital, I always commit very similar % of risk. I sense that the Achilles Heel here is variance in your sizing, whenever you commit 10 lots it could win as well as lose, likewise whenever you commit 30 lots, so why bother altering size? If it's higher risk setup I'd just leave it & wait for a better setup.

When i trade 30 lots my Stop loss is 3 times closer than compared to when i trade 10 lots. This means the $ risk is the same for both trades.

My losing days vary widely in dollars, this is because i can get between 1,2 or 3 signals per day. And for each trade i scale in my entries. So each trade might not lose the maximum amount risked. And some trades might be small winners.
This means there is a big range for losing days, anything between -1 and -10,000GBP at the moment.
Its rare for all three trades in a single day to all be full sized losers. It happens a few times a year on average.

 

[JSSPMK]

When i trade 30 lots my Stop loss is 3 times closer than compared to when i trade 10 lots. This means the $ risk is the same for both trades.

My losing days vary widely in dollars, this is because i can get between 1,2 or 3 signals per day. And for each trade i scale in my entries. So each trade might not lose the maximum amount risked. And some trades might be small winners.
This means there is a big range for losing days, anything between -1 and -10,000GBP at the moment.
Its rare for all three trades in a single day to all be full sized losers. It happens a few times a year on average.

I cope with losses by always making sure each trade's risk stays the same, same goes for targets (at least x3 risk). I never have situations that my gain is disproportionate to my average loss (negative ratio).

 

[Millionaire]

Lost -3063 GBP (3890 USD) today.

Current drawdown is -18443 GBP (-23400 USD) from high watermark which was made in May.

 

[Gotcha]

Lost -3063 GBP (3890 USD) today.

Current drawdown is -18443 GBP (-23400 USD) from high watermark which was made in May.

On Saturday, you wrote that "current drawdown is -15279 GBP (-12000 USD)".

Today you lost -3063 GBP, so without any wins, the drawdown would be 18,342 GBP. But since your current drawdown is 18443, a difference of a dollar, this means that you made no money in the past 4 trading days.

I always assumed that if you are losing several thousand on the losing days, then you're making this much or more on the winning days. You seem to have more days where you don't post a loss, hence you should have more winning days, but if the days you don't post you're not actually making money, then what does your equity curve look like?