Are less trades and more rules the key to trading success?
For background I have been trading futures for a little over 3 years, first two years i passed a few evaluations but could never get a payout. I started adding a lot of rules and limits to my trading strategy, making it difficult for me to even take one trade a day. Limits related to time of day, economic news, and specific patterns within my strategy.
Since then my win rate has increased drastically, consistency, and confidence. I passed multiple evals in a row and passed around $10k in payouts over 4 months. One day I blew up emotionally and lost the accounts, thought my strategy was the problem and tweaked it. Clearly it did not go well, for months I was struggling, going back to old ways switching strategies but I could never get back to that previous confidence and consistency I had.
Now I’ve accepted where I am, what I’ve been doing wrong, and where I need to go which is back to my previous strategy. Limiting myself to only 1-2 trades per day, many days I take no trades, and wait for one single setup every day.
I feel so much better about my future in trading. And hope this helps people struggling. Start really looking at where you blow up, be honest with yourself, you may blame the day or the strategy but it’s probably you and a bad decision made.
The less trades you take, times when you are itching to get into a trade that is so close to your entry plan but just missing that last piece, when you pass on those trades you win, taking control of your impulse.
My trading does not feel emotional anymore, it is 90% systematic, and sometimes I will make the decision to stay out but that is just natural instincts that have come with years of looking at price action. Anyone can become profitable with enough discipline, limit yourself, set strict rules, and most importantly FOLLOW THEM. Trust yourself, you got this.