Hey guys. Is there a day(s) when the market just won’t follow your trading strategy and it just seems to be out to get you no matter how careful you plan your trade(s)? Do you guys experience such days? If yes, 1: roughly how many of your trading days are like this? 2: how do you deal with such days?
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Hi, did you backtested your strategy? Regards Greg
Yes. For some time now. I don’t know where the problem is even after reviewing the trades. To put things into perspective. On monday the market was just fine. It followed my analysis, my strategy,etc… but then on tuesday and wednesday the market was just crazy towards my trades. Even the trades that i won seemed like i did so out of sheer luck. It’s as if the market just decided to work against my strategy on this two days. Come today however, the market was behaving normally and my strategy seemed to work again. I lost one trade but when I analysed it I could identify where the problem was (unlike the previous 2 days)…
Been an odd couple of weeks. I get that it is hard not to but try not to think of the market being out to get you. The amrket does what it wants every day but you are just trying to find an edge that means you attempt to stack the odds in your favour. Two consecutive days isn’t so bad. Sometimes you might get whole weeks like that.
Whole weeks? 
I really hope not:smile:
Yeah it can happen. Sometimes winning is realising it’s not happening for you and giving it a break.
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You need to label the conditions of why the market are working against your strategy. Lower volatility are usually the culprit. Is it the following causes,
- consolidation phase
- retracement phase
- reversal in trend
WHEN does your strategy thrives?
A big Yes for me.
there are some days, I just can’t understand why !!!
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The market is volatile and there will be bad days for your trade. Don’t worry, you can work on your strategy and keep practising.
Oh okay. So I shouldn’t worry too much about abandoning the strategy, right?
We all have bad days. It is the long term that counts.
Keep trying different strategies on a demo until you arrive at the one that works for your trade. There is nothing to worry about and you can still work on your learning.
Hi .
This is a rule . Bad days and good days for you strategy is inevitable , the risk managment is the card of winners .
For me a bad trading day is when I don’t follow my strategy, not whether the market is kind to me
You have to stop labelling it a bad day if you lose money. Go down that route and you’ll start changing strategies when you should not.
You have a good day whenever you execute your plan correctly regardless of if it wins or loses.
Of course if your system or plan sucks clearly that needs changing but get rid of this idea that losing money is bad - it’s not how professional traders think.
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It is a part of trading
Fully behind and agree with you on this one 100% as long as you stick and follow your back tested trading plan. Applying good risk management will put you on the edge. having a bad trading psychology is what destroying good potential traders
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Completely agree with you. Thank you for sharing John.
Agreed! A focus on process and not outcome can help to achieve this mindset. Get the process right with a solid strategy and more often than not the markets will reward you.
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It’s what I’m working on everyday…
Back testing is hugely important for this. One of my strategies I use, isn’t really reliable on a Monday, I worked this out during my back testing of this strategy so I either avoid using it on a Monday or I add in some extra indicators to help me out.
Sometimes no matter what you do though, you will have a bad day where things just don’t go your way, that’s why risk management is huge also.
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