The CL/NQ experiment

You had a very nice equity curve for days, then crumbled.

Did you change what was working, or was your methodology flawed?
 
Quote from NoDoji:

You had a very nice equity curve for days, then crumbled.

Did you change what was working, or was your methodology flawed?
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Make that "for weeks" not days.
 
Nothing changed.
If anything I am following my rules more closely and then something happens and I break all the rules.
This is going on for years with different instruments.
My best run was about 3 months of steady advance only to destroy it.
I don't know what to do.
Whenever I am sure that I GOT IT, I suffer a massive loss that makes me doubt the system.
 
Quote from NoDoji:

It all comes down to trader's mindset. Until you've attained a trader's mindset (read Mark Douglas's books), there's a 99% chance you'll fail even if you have the Holy Grail of Trading in your hands.
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Quote from Gabe2004:

If mindset is the most important aspect of trading, how would one explain that in the Journals forum has 145,366 Replies and 74,498,926 Views and in the Psychology forum there are 10,472 Replies and 1,546,671 Views in the top 20 positions (based on Views). That is almost a 13:1 ration in favor of the Journals in the Replies tab and 48:1 in the Views tab.

Shouldn't the ratios be reversed? :confused:
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Quote from jas_in_hbca:

Most traders would rather work on finding a better entry/exit/ management etc than work on fixing themselves, IMO.
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Nice exchange. Having a trading plan, developed through one's own observations of market behavior and recorded in a journal, will go a long way toward helping one develop a "trader's mindset."
 
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