How I Lost 17% Profit in 11 Trades

This forum started for the BANANA Project. Now it's complete. You can simply go to https://itradeaims.net/banana to learn more. Or take the course here https://itradeaims.net/courses
Post Reply
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

How I Lost 17% Profit in 11 Trades

Unread post by immy »

I run several trade accounts and one of them is my personal account. 

The personal account has shown less profit than the professional accounts I manage. 

I wanted to know what I have been doing wrong. 

I found that within the last 50 trades, there were 11 trades where I tried to "out smart" the System. 

I got out too early, or I moved SL to BE too soon. Sometimes I closed half. 

Hence instead of 22% profit I have actually missed 17% and only grabbed 5% on those 11 winning trades.
    • I just realized that in my last 50 Trades there are 11 trades that I have cut short. and that has resulted in getting 17% less profit. I have made Various mistakes such as move SL to BE too soon, Stops out BE and then hits 2R , or close half and some mistake.
    •  
    • I would like someone to shoot me with an elephant gun right now.
    • (I was wondering why my results were good but not as good as I wanted them to be.
    • Hence all day today I spent searching) (edited)
    • [21:31]
I'd like to share pictures of these trades. Remember, on other accounts I have taken these and let them run and hit 2R. but on this account I have been making critical mistakes. I have allowed too much discretion. 

Lesson here is, Don't try to beat the system, FOLLOW IT! 

I will attach below all of those 11 trades. Please study them and think what I have done wrong? 


 
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Post Reply