Being and still being in a drawdown for the last 5 months has been difficult. But as I slowly start to not care anymore and almost accept what it is and that I can’t do anything about it, it makes me think. Wait thats it. I can’t do anything about it is a feeling but based on the situation. My current live trading is so rules based and automatic that when I am losing this much I feel helpless. I have followed my rules almost perfcetly since the start of the year yet I am getting slaughtered as today I am teasing new equity lows. However over the last month nearly 2 I have been forward testing day trading with complete freedom you can say. Based on my views and analysis. The psychology will be completely different in my opinion if in such a big losing streak as I would predict to feel responsible and guilty rather than helpless. So which one would I rather choose. I can’t tell you as of yet but it is something I am looking to try and what I am loving about day trading is that I learn something from every single day. I repeat. Every Single Day.
Even though you might see me losing on this as well (not as much at all so far) you can see that winner orloser there is a lesson learnt. Because of this, I decided to make a video on my current approach and philosophy on the markets and the way I use RSI on impulses and more.
Here is the video describing all of this.
Hope you enjoyed that and had some interestig things to think about in your own trading, be sure to subscribe aswell to keep up with my journey ESPECIALLY my day trading because as of now I have big hopes for that.