Yeah …that’s what am currently trying to learn and accept that cutting losses short is part of the system plan .
Very difficult to embrace loss but we have to learn to do it
1 Like
I think those three are all really highly important principles, and you’ve stated them very well and very clearly.
I actually think that people who don’t learn those things have almost no chance at all of trading successfully for the long term. And - more than that - I suspect that people who don’t learn those things at a relatively early stage, on some level, lack what it takes to “learn from experience” and are unlikely to learn them at a later stage either, and are very likely to be “making up the numbers” a decade later, but without ever having actually made any steady profits from trading. So I think you’re absolutely on the right track, here!
Watching with interest and wishing you well. 
1 Like
Thank you bro
Will try to keep this page updated daily to document the trades and lessons as a journal.
Finding a balance between the excitement of winning and the depression of losing is one important aspect a trader have to learn to deal with and am just working on my own
This month and next is to focus on trade management and nothing more
Been up since 2 AM trying to figure out what went wrong in all the trades I took …
The first two weeks of august has been a drawdown week but We bless God for I was able to cut losses short .
So here is it guys
I was able to spend quality time spotting where liquidity can be found and how well to trade them
Was able to get the key levels areas for my trading system
It’s a reactionary system not prediction system
The backtest was great 
I was able to see things and why I failed in most of my trades even though I got all the directions complete
Have to understand that trade management is an important feature in trend following .
Because we aren’t targeting the next Break of structure region but looking to hold trade till the end of the trend .
And it’s been lovely
Looking forward to a fruitful 2nd half of august .
1 Like
If I have understood your analysis if outcomes properly the way you have approached follows the absolute right principles.
You have examined the losing trades to find common characteristics but the solution you came to was to revise how you manage all your trades, with the outcome that you improve the winners.
Too many traders become fixated on the losers and then revise their trades to limit their loss rate or minimise the size of their losers - this easily results in increasing both, while doing nothing to improve the winners.
2 Likes
I actually know where I cut my losses short from the system and that was why most of them got me stopped out and continue in my direction …
I visited the pair again and realised the general trend and I was able to locate where I ought to have fixed my stop loss …
Also and price won’t get to touch there and I also find ways to improve my profits …
Yeah it’s the best way to go
Will lbe looking forward to learning the right spot to scale into trend but that will be when I am consistent with taking a single trade and making great returns then the scale in can come
Al though I already have ideas and areas where I did do them but I choose to focus on a single trade first before handling many
And yes you are right, they tend to that
was able to come up with this entry style for the retracement and flag formation after much backtesting…
how my Generational conditional count looks like …counting from A- E conditions before i assumed the top has formed and i join the trend …
it also help me to get the directional bias of the market…
i just have to write on them as i progress on the forum and if possible post a video maybe later
Here is the counting for the lower timeframe for the audcad tare i took , still have a positions on this and am still holding looking to see if i can hold til the trend is exhausted
LESSON 1
When trading the trend here are the basics according to the trend following system
Trend
the market trend has two major levels where we have a large range retracement and they are the conditional count B.O.S and then E3 region
then the higher timeframe transition count can also caused the market to extend its trading range
the trend will start with a conditional count and then continue to trend till we have the ANCHOR of the main timeframe for riding the trend and we have an exit sign of
the key level areas for a trend are
1) The condtional count B.O.S
2) The E3
3) The structural level
4) The anchor
5) The higher timeframe wave count continuation
when price crosses any of this region get set to exit your trade or manage the posotions especially when the anchor break rule of retracement is established in the lower timeframe
The trend starts with a general conditions and end with the inverse condition,.
trend transit when we have the completion of the conditional count of the next higher timeframe.
```Preformatted textRANDOM POST FOR NEWBIE OR TRADE LOOKING TO QUIT
Sorry for you losses …
i agree with all of the members advice they are all wise
here is what helped me during my time
i focus on one thing at a time with a JOURNAL having a jpurnal helped me solve 100% of my problem
secondly i changed my mndset to focus on the process with that i was able to see most of my losses as an aveneu to learn and PROGRESS with that still studing and mastering my edge i was able to see lessons that my losses taught me and with each losses i backtested studied and verified them as a rule of what not to do in other to make profit
the best way to win is to avoid the past mistakes and any new losses is a win
then after that i proceeded to listening to my journal and i worked on my self on this aspect of trading
FEEL
SPOT
EXECUTE
MANAGE
I was able to study and backtest on those technical analysis aspect of knowing the market direction (feel) , spotting liqiuidity region to enter the trades , set up ( that includes stop oss, exit rule, and the likes , then lastly trade management ( here i was able to deal with my trading demons )
the last part is where ii am currently with this i was able to turn a -3% to profits of +0.5% after 3months of doing this …
one important thing that help me was focusing on just EURUSD for close to like 90days , showing up each day and trading live account instead of demo.
i will talk about the demons later but for now
let me rest my hands
goodluck to you , trading is the best way to the life you’ve always dream of
let’s not quit
but focus on the process till it becomes our SUCCESS
1 Like
Yeah don’t I know it, but looks like you are faster at it than me at least.
I don’t get you Jackson
Faster than you at what ?
Good morning fellas …
A brand new week is ahead of us
Let’s do well to make the best out of it
Monday was a hell of Day , but i would tag it one of my best days as a trader … i made a significant loss in my trading days … i lost over 20% of my account and total of -41% of my account , the drawdown was massive ,
i was devastated and not happy with my results but then i became so tired, i chatted up my friends just to talk to someone
it was during my work out session i was able to understand the major secrets to my failure…
i was able to revisit all trades in my head while i was working out and realized that i was not consistent because
- i dont take quality trades
- i was trading against the trend
- i was taking trades that aren’t my set ups
it was funny that after i revisited all trades , i realized 98% of the trades aren’t my set ups , just trades i took based on experimenting , i didnt also cut my losses short and i didn’t manage my trades well…
but then the sweetest part of it all was SHOWING UP the next day using the same lot size for the next trades …
while doing my work out . i realized repetition is the key to my success i just have to repeat my winnig trades over and over again
so i will be going 100 trades of REPETITION and improve on that aspect
oh yes i was able torecover 20% still in drawdown on paper but in mind am already in profit
At learning to cut your losses, I used to let them run for days on end, it took me even longer to accept that I have to just cut them short and take the loss.
ohh great, am still learning to cut them shorts also… but its actually worth it
this week have been so lesson ful , with lot of learnings as a trader ,will be looking at a profitable 2024 ending from this month of august
Good luck with that, I will need a full year of profits to break the ratio even 
well not necessarily a full year, just focusing on the process and improving daily for 6-7months with the right information is enough to make breakeven in 10trades . its trading the possibilities are endless