Half the battle for me is just getting my butt kicked but still showing up for another wallop the next time and the time after that too and so on . However , I strongly believe that its important to focus on re entry after getting stopped out as long as theme is still valid . Do you know your systems edge/expectancy and how many times it statistically can lose in a row between winners sometimes ...?
I know mine , for 2022 its expectancy was +0.112 and its most lost trades in a row was 9 but 4 of those were partially de risked , average amount of lost trades in a row was less but the largest amount of winners in a row was 4 , BA was 40% . That was a pretty rough year but the insight it gave me here is that even on a bad year it still came in with a positive expectancy , personally I have yet to get a trading strategies expectancy past 0.22 R expectancy per trade. In any case If you don't know your expectancy , that's something you may want to consider working on for the future .
So on that note, second try here at 50 sma TB renewal on INSW .
I know mine , for 2022 its expectancy was +0.112 and its most lost trades in a row was 9 but 4 of those were partially de risked , average amount of lost trades in a row was less but the largest amount of winners in a row was 4 , BA was 40% . That was a pretty rough year but the insight it gave me here is that even on a bad year it still came in with a positive expectancy , personally I have yet to get a trading strategies expectancy past 0.22 R expectancy per trade. In any case If you don't know your expectancy , that's something you may want to consider working on for the future .
So on that note, second try here at 50 sma TB renewal on INSW .
Trade closed manually
艾力克~