u/busohsensen

Hello,

I am looking for trading partners mainly to help each other with mindset weaknesses, psychology and how to gain consistency.

The goal for the group would be to do a daily review on whether you followed your rules or not. I would like to emphasize that it’s not going to be a group where we are sharing our edge with each other so preferably you already have a quantified defined strategy and you are struggling with consistency and self control.

The maximum in the group would be 5 people so that we are aware of each other rules and weaknesses etc.

If you like the idea and you are trading NY session please shoot me a dm.

https://preview.redd.it/gemavosg4ljh1.png?width=2259&format=png&auto=webp&s=4923c9848e827397b19c4ab991b93ea3726e9b91

https://preview.redd.it/0uvmj057aljh1.png?width=2278&format=png&auto=webp&s=502fef0828e40789cb67b3b114786b782c17a3d4

I finally found an edge that I am comfortable executing and it's behaving almost the samein live in terms of drawdown and cluster of losses. Yet, I keep deviating from the rules when I'm executing lately and I feel like it became a habit.

As you can see from the picture below it's normal for my system to start some weeks with losses and end up recovering partially or fully

https://preview.redd.it/vc16voxl4ljh1.png?width=761&format=png&auto=webp&s=82db6be02a6c0f683ca3fbde52c22269db177e84

Yet even with the data my brain sometimes react to losses in a way that I don't understand. I keep executing perfectly for two months and then suddenly during a certain week I keep deviating and breaking rules. I am not sure why I have this behavior and where does it stem from. I don't know if I should take a big break and come back to trading with a clear head as I feel like weekends aren't enough and I feel like im "ON" all the time. My nervous system is fried and my brain cannot think about anything else beside trading even during rest time & weekends

I know finding an edge is not the-end-all-be-all in this field since following it is the hardest part, but for people who ended up overcoming bad behaviors, could you please share what ways ended up helping you ? Rationally, I don't understand my behavior since I keep deviating even when everything that is happening live is still within the system parameters and expectations...

This past week I have hit my maximum losses in a row for the first time live. Based on my backtested data I have had 5 consecutive losses happening few times in the last 5 years over 1.5k trades sample. Statistically I am aware it’s normal and June is always not very good for me. However, emotionally I’m feeling that recency bias as if my edge is suddenly going to stop working especially as I just started trading this strategy two months ago and I was on a pretty good run.

Next week the market is either going to prove to me that my backtested data does not match live market or Im going to recover after 5-6 consecutive losses like I did in my backtesting over and over.

How was your experience once you hit your max expected drawdown live for the first time ?

When I first got into trading, I was mostly using nuanced strategies — things like multiple timeframes like ICT where sometimes the poi is a session high/low or a previous day high/low, FVG, liquidity concepts, etc. A lot of it came down to interpretation and judgment in the moment.

Lately I’ve been experimenting with the opposite:

• one timeframe
• one pattern
• fixed rules (same max trades everyday, same max loss, same size, same setup, same time of the day)
• no extra context

Basically removing as much decision-making as possible beside the entry since stop and trade management is all done by my software and paradoxically it's performing better than anything I stumbled upon before. I have tested it over 1.6k trades for the past 5 years and it's producing similar results to live (I discovered this approach in the moment live and it was like an aha moment)

What I’m noticing is that this feels completely different mentally and in terms of decision fatigue. It’s almost too simple, to the point where part of me feels like I’m missing something by not analyzing more.

So I’m curious how others here see it:

• Do you think mechanical strategies are generally more reliable because they remove human error?
• Or do you think discretionary trading has a real edge once someone gets experienced enough?
• Is “less is more” actually true in trading, or is that just a phase people go through?

Would be interested to hear from people who’ve tried both styles and where they ended up.