Realization

To change, you have to be aware of the reasons behind your action. The why, can be as important as the how of behavior.

To that note: I’ve realized from taking these trading / funded programs, that are almost kinda scams but helpful in specific ways.

I’ve realized that you can’t have it both ways. That I’ve been trading, because ultimately it’s a exciting way to spend a time, in a moment in my life that isn’t particularly exciting.

But that’s NOT conducive to winning. There is a limit on a time basis of good entries and good trades. Sometimes nothing is happening, and 117 trades a day / or continually looking for entries, reading into every dip or fiddle of the market doesn’t work.

Two things I’ve learned:

1. Good trades are highly correlated and the converse -> if a trade fails, if you quickly take repeatedly taking trades in that direction will fail. This a major flaw in my trading, repeated taking “this is the absolute low” trades against a strong short term/trend.
2. It’s fun to trade a lot. But it doesn’t work. I average about 38% success-rate when I’ve just trading into the afternoon hours of oblivion.
3. 1–3 trades are all you really need to make enormous amounts of money. With sufficient leverage.
4. I trade because it’s exciting, because I want the stakes to matter, but I want now to make money with it, more than I want a fun exciting weekday thing. So I have to change.
5. I’m hoping that this challenge thing will break the overtrading habit. I need $422 / day to pass this challenge. Then I will have 4 pts of drawdown with 10 contracts, so I’ll go for a trend day, and try to do my absolute best.