Hello fellow Babypippers!
I wanted to share this video, issued today, where the Chief Strategist at
DailyFX.com, John Kicklighter, discusses the topic of abandoning a trading strategy, something
that we have all had exposure to, especially at the beginning of our journey as
retail traders and particularly when faced with a string of losing trades, which
is a time when instead of re-evaluating parts of our strategy we may become
disillusioned with it and ditch it wholesale, that is, in its entirety.
Indeed, ‘system hopping’ (my words) is often a cause of unrealised profits, as
a trader adopting this constant change of approach will never truly see a system
through to its potential over time, through negative but also positive periods
and within different market conditions.
A great video, just to reflect on how we approach the issue of the ‘holy grail’: