Jreality,
I am sorry to say you are not living in reality. Denial is a powerful tool. We have met the enemy and it is us. Read that again. We have met the enemy and it is us. You have received some excellent advice and tips from FB123 and he has gone way above the call of duty but you have largely ignored most it. What I am saying is your biggest problem is you, the biggest weakness of your system (I am using the word system very loosely here).
You are a gambler looking for a shortcut to easy success. You have been told many times many problems but you still âwant to keep going on your current pathâ because you just donât believe in yourself. How do I know you are a gambler? If you have a system you wonât follow, you are a gambler. If the system/setup were robust, then the mathematics would show that following the rules was in your best interest. But knowing it is in your best interest to follow the rules, you still wonât do that. Doesnât that sound like gambling to you? Instead you are âhopingâ things get better instead of doing the things you need to make them get better (or at least improve you chances). You have been advised to cut back on live trading to get in a better state of mind. You ignored that advice because you need your fix, your action, even if it costs you money. On top of all this, you are trading one of the most competitive markets in the world. Do you really think you can compete without having all your ducks in a row so to speak?
On top of all this, you are considering putting more money into a strategy to try to play a game to lower your tax loss. Talk about putting the cart before the horse. I suggest you take a step back and evaluate if this is for you. Based on this thread, it may not be. Decide if you are willing to do the things to help your chances of success, not hurt it. The past is the past. Learn from it and apply what you have learned going forward. The hardest thing to do is to stop trading to work on yourself and your systems/methodology. But that is what the discipline to be a successful trader is all about. Because without discipline, (.i.e. following your system, etc.) the battle is over before it begins. You are responsible for your success. No one has as much vested in your success than you. Remember that.
Good luck
BM