Took my last loss personal because it shouldnt have happened. Usually after each rare loss, I go back and look at the lapses in the strategy and I fix it. But this time there was nothing to fix. The strategy was fine. I entered the trade too early. Pure indiscipline.
Analysis of my own decision. BNX Entry 0.22 DCA 0.28. My average was 0.2638. Trade pull back to 0.2620 and I didnt close. Wanted back my funding fee (This even swayed my decision further). Trade pulled to 0.5750. I closed it in a significant loss.
Pump Calculator: Entry 0.28 DCA 0.56. My average would have been 0.45. and that would have been fine.
Almost got liquidated today. I still trust my strategy. Had over 98% success rate. But the truth is human error will always occur in trading. I altered one decision and it almost cost me my account. I got hit with $2000 funding fee. My trade was even but because I wanted the funding fee back. I didnt reduce my risk.
I had a bot programmed for this reason. Today's scenario would have been a success if I used the bot. I think its time to switch to 100% algo. Lesser trades....maybe less profits but long lasting.
Any thoughts on Algo Those who thought my pnl was fake can give it a rest now. Haha
Day 35 of 365. Let me show you what is possible with consistency. Work on doing the same thing over and over again. You will give yourself the chance to learn better and your brain to function better when trading.
Hard work pans out but you have to put in the right type of hard work.
$BAN trade complete. This trade is heavily influenced by position sizing. Once you have the right position sizing + top notch strategy, you will win almost every trade.
Got in one bad trades. All I wanted was to get out even. I knew the trade was bad but I didnt want to take any loss so I didnt close it immediately. However, it got worse but glad I came out almost even. Trust your process.