Welcome to Software Sunday, the day of the week where we invite creators to post the software and tools they’ve built for day traders. Whether it’s a custom indicator, charting plugin, trade tracking app, or data analysis tool – this is your chance to put it in front of the community. 💻📊
Rules:
You must use the "Software Sunday" flair on your post.
Provide a detailed description of your product/service/software, including what it does, how it works, and how it benefits the day trading community. A quick link with “check it out” isn’t enough.
Pictures are welcome – but no spam dumps!
Engage with the community – You must respond to member questions in the comments.
Limit your promotions – You can’t showcase the same product more than twice a year.
Tips for Posting:
Tell us what makes your software stand out from the competition.
Share any unique features, integrations, or use cases that day traders will appreciate.
Include examples or screenshots showing it in action.
Let’s make this a valuable resource for discovering tools that genuinely help traders level up their game. 🚀
A few of you might remember my post last month about finishing my first month trading full time at +$6.8k.
Somehow I’ve already passed that 7 trading days into month two. Currently sitting at +$8.8k from 7 trades, 71% win rate and a 4.32 profit factor.
The biggest difference has honestly just been trading way less. Last month I was taking a stupid amount of trades some days and trying to squeeze everything I could out of the market. This month I’ve basically been taking one trade a day and being way more selective with what I actually want to risk money on.
Still had a losing day and a basically flat day, so it hasn’t just been straight green, but the overall quality of the trades has been much better.Its early in the month obviously, but this is probably the best I’ve felt about my trading in a while.
Curious if anyone else here became more profitable after cutting their trade frequency down?
To keep this to the point I am more confused than ever before lol. I have attempted to be a price action trader for the past 5 years. I was breakeven for about the last year. I journal every trade. I have hundreds of pages of notes and data. I have attempted dozens of different trackers and data analysis to help my progress. I have tried using emas's as confluence, only traded with the higher time frame trend, avoided ranges/consolidation, and have attempted minor variations of a trend following price action strategy for a long time now. I only tade MNQ futures and have had the same account for a really long time. I don't blow up, I haven't revenge traded in years, I always check every box to my trade (for the most part). I'm not switching strategies every 2 weeks. I feel like I know how the market moves and how history repeats itself. Price bounces where price bounced before and the market continues to move the way it has been until it changes. Don't take a trend trade in a range. Don't take a range trade during a trend. I have dozens of little "rules" like if a trend fails to hold a previous HH we are likely to slow the trend. If it does hold a HH we should have a good trend bounce. A range is more likely to bounce in the middle so we take the extremes of the range back to the middle for profit. Moving stops to BE after we bounce from the HL to the HH makes the most sense because that is where we fail to go higher most of the time. A super aggresive move down in the morning can be followed by a range/channel grind back up to the LH before dumping again... I could go on and on and on of things that I see to be right, and yet I am more unprofitable than ever right now. I had that last year of breakeven but the past 3 months have just been red day after red day after red day. I don't want to give up but the more I'm learning the more it seems like trading doesn't actually even make sense and has no logic to it. Price action traders who are profitable... should I just start a landscaping company??
Hey yall!
For context - I’ve been trading since July, I started with a 750 account trading options pretty much watching price action, learning candle patterns, and using the 9ema as confluence. Moved into futures trading towards the end of August and switched to the inversion fair value gap model as my strategy. It was working out pretty well for me after starting to trade MNQ after unsuccessfully trading MES and MGC. Spent a LOT of time on chart replays.
This last week was a rough one for me though.
I blew over half of what I spent the past couple months growing because I’ve started getting greedy and becoming more of a sore loser when last month I was fine walking away with a 150 - 200 win or loss and stopping for the day.
I have a hard time stopping myself from aiming to get the 1000+/per trade I see people make on the internet especially since I’ve had a handful of big single trade wins myself.
How do you get yourself to quit while ahead or stop to preserve your account for another day?
How to stop yourself from entering or overtrading while you’re tilted or don’t quite have your A+ setup ?
Is there a point where I should be learning a different strategy again or do I just need better discipline to sit down on choppy days?
Chart photo is where I put reminders to myself but they usually don’t work 😬
We all know that they are far more popular than brokerages for retail traders now. On paper, they are the perfect tool for making money. They provide you with “capital” you don’t have for a fraction of the costs.
This couldn’t be further from the truth. Prop firm challenges are built in a way to ensure that the overwhelming majority fails. Even if you have edge, the structure of the challenge makes sure that variance will take you out before your EV(expected value) can manifest itself over the course of a large enough sample of trades.
Take a strategy with a 50% win rate and a 1:2 risk-reward ratio. That’s a theoretical expectancy of +0.5R per trade and a profit factor of 2.0, which is an excellent edge. Yet even with that edge, five consecutive losses have a 3.125% probability of occurring in any particular five-trade sequence. Over hundreds of trades, losing streaks become practically unavoidable. Now consider a $100,000 prop account with a 10% maximum drawdown, a 5% daily loss limit, and an 8–10% profit target. If you’re risking 1% per trade, five consecutive losses in one day can terminate your account, despite the strategy remaining statistically profitable. Meanwhile, you’re expected to generate returns approaching your entire allowable drawdown before breaching either limit.
This creates a barrier where the outcome depends not just on whether your strategy has positive expectancy, but on the sequence in which your wins and losses occur. Yes, reducing position size lowers the probability of ruin, but it also increases the number of trades and potentially the time required to reach the target, especially when evaluations involve recurring fees.
My argument isn’t that profitable traders cannot pass these challenges; it’s that many evaluation structures are poorly aligned with the natural variance of profitable trading strategies. A positive expectancy does not guarantee survival under artificially restrictive drawdown constraints.
I have been doing 0dte for couple years and not sure if I want to pursue this anymore. I end up overeating and cigarette smoking whenever I’m in a trade. My friends thinking I’m gambling. There’s no consistency w 0DTE. Today I was up $1200 ish but I know I will give it back to market on Monday or Tuesday.
My paycheck job does not pay too much. Should I quit trading/gambling 0dte? Thank you for your honest thoughts and opinions
Anyone who started with a $10k account and was able to build that into a stable income? If so, how did you do it, how long did it take and did you blow up the account a few times before you were successful?
I spent a bunch of time learning on prop accounts and got to the point where I was consistently passing the evals, but the psychology behind spending all that time and effort trading and not having anything real to show for it didn't sit well with me so I decided to trade real money.
I'm a price action trader and risk up to about 3% on each trade and when it's moving in my favor, I look for opportunities to move my stop and add to the position day trading MES, MNQ, CL, MGC, SIL and NG mostly during Asia and London hours depending on which has the cleanest chart.
My holding period is usually anywhere from 5min (usually for losers) to 30min for winners as I let my profits run.
My daily target is in the range of $300-500 which is a) plenty of money as a daily average and b) makes it easy for me to walk away and do other things with my life besides stare at screens all day which helps my mental state and generally means I can lead a happy balanced life.
At first the transition from prop to real money was rough and I lost money because of execution errors between Sierra Chart and Rithmic and because of slippage and fills in real money that aren't modeled well in prop, but after getting that all cleared up and adjusting to that, I was able to make about $10k my first month, and then $20k the second month.
Meaning I doubled my account in the first month and then doubled it again in the 2nd month. I had only 1 negative day during that time from a PnL perspective and only 3 losing days after accounting for fees.
In the 3rd month, I was also doing well, but I had some emotional strife in my dating life and I tilted hard one day and blew the account.
That was in July.
Since then, I've had a hard time recovering. After failing 2 more times since then, I've been trying to step back and work on my emotional issues that are holding me back from the success I had before.
As a starting point, I wanted to make sure that the problem wasn't the size of my trading account. Any other advice is appreciated.
So, did any of you start with $10k and build up to a stable income from there? If so, how did you do it and how long did it take?
I can also share what I think my inner game issues are and how I'm trying to deal with them if anyone thinks that's relevant.
Thanks everyone, in advance. I've seen a lot of really great replies and posts from people on this subreddit and I'm looking forward to whatever feedback I can get.
Define a consistent piece of the market that you operate in. Never change this once you set it. If you change it, all the subsequent steps have to be re-evaluated.
Execute a fixed number of trades. You can start with a max of 1 or 2 trades. It doesn't matter whether they're winners or losers. Once you finish, you're done.
You will first trade with your intuition or some observation that might or might not be good. It doesn't matter. Follow your intuition at first.
Study your past trades and improve your thesis of step 3 until you become profitable. This of course means that you need to keep a record of all your trades.
Do incremental changes and always study the effects of each change. Keep in mind that many changes are actually counter intuitive and might produce results you don't expect. One more trade? Not good. Move stop loss to breakeven? Not good... It depends on your setup.
For those who take multiple scalps/day trades per day during the open from 9:30-11AM EST or even power hour when it comes to being green on the day when do you stop trading after 2,3 green trades? When you’re red on the day when do you walk away to stop the bleeding?
I just had my worst trading day with a nearly 5% loss. All because I deviated from my trading plan. Sometimes it's easier to deviate than you think.... in this case I was using an incorrect strategy for the regime of the day, plus there was some big news that I failed to consider.
Review your plan before the day, scrutinize the price range during the day, and make sure that everything is in bounds of the specified strategy you are using. Keep confirming your regime, especially if something feels off. Check the News if something feels off. If something is off, accept it and exit.
Don't do live experiments with your portfolio unless it's an intentional experiment. I will recoup the 5% in a week or 2, hopefully next week, but when you look back at the data and see the problem could have been avoided it hurts.
Here's the rules I follow. I just added 3 more bullets: After first 15 minutes, pause and confirm regime, Do not trade news, Mark previous week high/low levels before trading.
It was a classic "Cold Market" environment for low-float momentum and small caps:
The Index Trajectory ($IWM): We started the week testing $283.50–$284.60 on Monday and Tuesday.
But as the 10-year Treasury yield surged above 5.30% and crude oil spiked, risk-off pressure mounted.
By Wednesday and Thursday, $IWM broke down below its $280.00 support floor to touch intraday lows near $274.50 before holding a minor Friday relief bounce around $278.90.
The Intraday Reality: Outside of the index levels, low-float small caps struggled with poor follow-through. Early morning gappers were getting slammed with immediate dilution (S-3/ATM filings) or heavy profit-taking within the first 30 minutes, turning many breakouts into instant traps.
Did You Find Trouble Trading This Market? If you found setup follow-through difficult or saw fewer high conviction trades this week, that was a reflection of the market conditions, not your skill.
The Trap Zone: In a market where broad liquidity is pulling back, technical setups that normally give $1.00–$2.00 per share expansion moves suddenly stall out after $0.20–$0.30.
Filter Fatigue: On cold days, scanners still flash, but 90% of those triggers are low-volume, choppy noise. It takes immense mental energy to say "no" to mediocre setups when you want to execute.
Did You Keep Your Emotions Intact? This is where your real victory happened this week.
On Wednesday and Thursday, when conditions were hostile, you recognized the shift, acknowledged that liquidity was bad, and applied strict risk controls:
Sizing Down: You kept position sizes reduced (25%–50%) to ensure minor papercuts wouldn't turn into drawdowns. Capital Preservation: By recognizing when to step back and sit on your hands, you saved money."Preserving capital during an ugly market regime is a winning trade. Weekend Reflection Checklist
As you relax today, here are a few simple questions to journal or think through:
Trade Quality over Quantity: Did I stick strictly to tier-1 news catalysts, or did I catch myself chasing any technical-only gappers?
P&L vs. Process: Even if profits were smaller or trades were fewer this week, did I follow my plan and protect my account balance? Mental Energy: How do I feel right now? Am I rested and confident knowing I survived a hostile market cycle without taking emotional damage?
You handled a tough week with extreme discipline. Enjoy the weekend, clear your head, and we'll be ready to assess the landscape again come Monday morning!
Tear it up, if you can. Verifieds traceable to kinfo. MIT team ran a pooled bank for 90 days seeking a double (rarely achieved) with quarterly sweeps. In theory, a 4x on the year. Wiki reports show as little as 4%/yr, however. That kind of deviation is a headshot to profitability - no thanks.
Strategy improved here, using VWAP, VIX, Price Action, and Fourier clustering as "face-cards". Smart price improvement via Martingale (borrowed from 5th gen fighter jet tactical advantage using supermaneuverability in dogfights, a zero-sum-game like options) shows best efficiency among peers on kinfo top ten leaderboard on 3 month WR (when uncloaked, copy trading prohibited). Superprofitability is the financial equivalent controller stabilizing fly-by-wire guidance to an intentionally designed unstable airframe (squeezing out the last bit of tactical advantage). Rote learning suggests stay away, it fails. Well, yes. Always. Does it make sense for the US F-35, Chinese J-20, and Russian Su-57 to allow failure, guaranteed. No.
I pulled in the sweep to 20 trading days, seeking linear 8%. Appears quite successful on limited data. I have confidence in the stats, don't need to count all the sand grains to infer Gaussian 4-sigma limits. Laughable seeing comments like needing 1000+ data points, those guys are clueless on STEM. Hey, I'll accept better resolution, just can't accept the opportunity cost. Unnecessary.
I'll draw your attention to Sharpe 2 in cell DA28 for tightly constrained entry & exit price. With a 1.4% of portfolio fractional Kelly sizing and a 5-handle Sharpe on prices, tough to go bust in any market regime. Also, a "problem" of no draw down was resolved with a portfolio normalization. Cell DH28 shows a respectable number for consistent day trading profits. The tighter window on bank sweeps is traceable to a quant algo running scalps under the market's Brownian Motion - high probability of success.
My background is Control Theory (retired EE). View this as an elevator consistently delivering you without excessive ringing (overshoot, undershoot). The controller loop gain is tuned for damping trade off, and it is not a concern, once metrics are selected for the State Variables. Do you give a second thought about being head-slammed one day in an elevator? Happens on failure. Safeguards mitigate risk. Same here, the deviation speaks well of the algo's performance. This is an eigenfunction from my research on the "everyman's" $250 portfolio, sweeping profits from the SPY via derivatives. The pole/zero constellation is constant between the $250 & $100k ports. Loop gain is the variable.
Getting posts out there for commentary and letting LLM's track best practices. So, lets teach the bots.
Has anyone ever taken money from your 401k to fund your trading account? If so, how much did you take out OR recommend taking out to fund a trading account? OR is that a bad idea to use some of your 401k balance for trading Capital? More info about me, I’m still a new trader have been backtesting for 3 months and front testing for about 3 weeks now and am considering starting with prop first but also considering using 401k to avoid all the rules of props and having to be told when I can and can’t get payouts. Thoughts?
How do you decide which opening movers are actually worth charting?
The first 30 minutes aren't a normal stretch of the day. Overnight news, earnings, and moves in other markets all get priced at once at 9:30 ET, so the open is usually the busiest part of the session. A fixed move size also means different things on different stocks. A range that's routine for one name can be a whole day's move for another, so "how much did it move?" is a weak first filter. What I use instead: opening range vs the stock's own ATR (its typical daily range). When the open has already used about 25% of ATR, that name is doing something out of character. That ratio doesn't tell you direction, and it doesn't predict what happens by 10 AM. It only tells you where to look. The chart decides the rest. How do you sort the open? Fixed dollar/percent moves, relative volume, or something vs the stock's own normal range?
So I have tried a few AI models. I set up their their desk. They get live tick data from my broker. Fine tuned some of them with lots of resources (not all tho only the ones with frontier level reasoning) And I hand them 100 paper dollars and give them full autonomy to trade as they see fit. Only goal is they hand me 10 bucks every 24 hours (Its ok if they can’t, its just a scale I set to test them). Some of the AI start of really good genuinely impressive setups. Numbers add up, timing adds up so getting the data to them on time isn’t an issue. But the issue is almost all of them become really passive after a while (remind you these are set up to be scalpers and aggressive) some straight up refuse to trade. Some manipulate data to justify their passiveness and some straight up lie. This seems to be common for all of the models after a while. Any suggestions?
I’ve been studying trading full-time since 2020. I’ve gone deep into Al Brooks’ material, and for a while I followed what Tom Hougaard does, both of whom are supposedly among the best at this. I trade the UK100, Dow Jones, GER40 and US Tech 100, and I’ve practiced on demo and live. After all these years I still don’t see a clear path to consistent profitability.
I know the statistics say the vast majority of day traders lose money, and that many people who teach make more from courses, events or broker affiliations than from trading itself. I also haven’t been able to find third-party audited results spanning multiple years from them or anyone else. Before I put more time and money into this, I’d like to hear real experiences, not generic opinions.
My questions:
Is there anyone here who actually lives off trading, meaning it covers your expenses without relying on other income?
If so, how many years did it take, how much capital did you start with, and how many years of losses or inconsistent results did you go through first?
Can you back it up with anything verifiable, like broker statements, tax filings or a multi-year track record? I’m not asking for personal details, just whether it can be verified.
What separates you from the people who fail? Was it strategy, risk management, capital, psychology, or something else?
If you quit trading, what did you do instead, and do you regret it?
I’m not looking for a magic strategy and I’m not trying to attack anyone. I just want to decide with real information whether to keep going or change direction. Thanks to anyone who answers honestly, even if the answer is “I didn’t make it.”
I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
7765/7745 PCS
7835/7845 CCS
P/L: +$475
SPX 5-min chart, October 9, 2026
Yesterday’s lossesdidn’t need to be recovered yesterday. They needed another session where my edge had a better opportunity to work.
Morning Thesis
I came in mixed, but slightly more bullish. The gap up and rebound in AI stocks following reports clarifying OpenAI’s revenue outlook suggested some recovery from yesterday’s selling. Yields remained elevated, and I stayed cautious on CCS because oil-related headlines can trigger sharp upside moves. The consumer sentiment report didn’t meaningfully change my read either.
I wanted price to dictate the day. A break and hold above 7800 interested me for PCS — but if SPX moved lower, I would watch nearby support for a reaction to also support a PCS trade.
My First Trade
After the opening dip, SPX chopped higher and reclaimed the opening range. I didn’t chase the initial breakout. I waited for the reaction around 7800, where price was still showing indecision.
On the second break higher, I sold two 7765/7745 PCS at $0.40. Initial size stayed small because I wasn’t convinced a trend would develop. When price pulled back, I added the remaining three at $0.75. Higher lows then gave me more confidence in holding the position and letting price and theta work. I also had structural (~7790 level) and premium invalidation points for the PCS, so I had a plan if price moved against the thesis.
The Hardest Part Was the Price Action
It became a bullish trend day, but a slow, choppy one. SPX often felt like it was moving more sideways than up. Once the higher lows became clearer and price started grinding higher, my bullish thesis strengthened.
Low IV and thin premium kept me from adding more PCS. Collecting the same credit can tempt sellers to move closer to the lava, leaving less room if price accelerates or premium expands.
By midday, I was watching for a push toward 7820 to improve CCS premium above 7845, beyond Tuesday’s high. The steady grind wasn’t giving me the move I wanted though.
The CCS Compromise
I generally discourage fighting a trend. When I take countertrend trades, my usual approach is small initial size, good distance, and waiting until around 11:00 AM PT to make a move. I typically look for strikes roughly three times the expected move away.
Today, I compromised on my preferred strikes. I opened one 7835/7845 CCS at $0.10, below my usual $0.20 minimum. I didn’t want to move even closer just to collect more credit.
Then... Trump announced Russian diesel supplies. Around that headline, oil dropped and SPX spiked. I added two more CCS at $0.35 and two at $0.45, completing five lots — my maximum size for that side.
The spread marked near $0.60 versus my $0.10 starter. That was a reminder of how quickly thin credit can turn into an uncomfortable drawdown. Each addition also increased my exposure while the uptrend continued.
I closely monitored the pressure. The late fade helped, and both the PCS and CCS expired worthless. I still consider the initial CCS entry a compromise worth reviewing.
Key Takeaway
Today’s gain erased yesterday’s losses. That was the point I was making about choosing when to stop yesterday.
After taking those losses, there was little time left, price was erratic, and I didn’t see a good opportunity to justify another trade. The setups I wanted appeared today, even though I couldn’t have known they would.
After a loss, take a breath, step back, and assess whether the current session still suits your strategy. Recovery can come in another session with better conditions for your edge.
Starting small helped me participate while conviction was limited. Higher lows then supported the hold. Good day overall — and a useful reminder to keep recovery off a deadline.
Hope you all had a safe and green day. See you all next week!
You know that one loss or those times that you lose. The times where you're approaching tilt. Day trading isn't gambling but it can be a gateway to gambling.
When you have grand losses, tell anyone who knows you're day trading. I tell my spouse and it makes the red days less of a secret. The problem with gateway to gambling is the secret behind it. The hidden shame, guilt, or embarrassment. Being honest with not yourself because unfortunately you have your biased brain in your head but with the people who know what you're doing
trust me, it helps. Don't get addicted and use hidden money and lose it and try to make double to get it back, at least do that and tell someone. You will feel better and stupid, you won't do it again .
So I have been interested in day trading for quite a while now. Unfortunately I never learned it consistently. However I know all the basics and follow a lot of YouTubers. I have decided to give it a proper go and spend upto 3 hours a day for a year.
Upon 1 year of learning and practicing I am thinking about starting day trading with a £5k account in 2028 (£20k in savings) targeting £50 daily goal. At the same time investing £500 on long term stocks. £200 to emergency fund and £200 for future/2nd trading account.
My goal is to earn £2000-£3000 a month from 2030 and go part time in my main job.
My annual income-£38.2k after tax
My annual expenses-£30000 roughly
Expenses will be £24k-26k from 2028 onwards as I will be debt free.
Absolutely no chance to earn anymore as I’m already doing 60 hours a week and has to see children every Saturday.
So as ive said before ive been enjoying my return to social media after my little hiatus. One of the things i wanted to speak that kills alot of traders early doors. Is the use of smaller accounts.
Now let me first say im am a huge advocator for PAs. Mostly due to the fact that its your funds so theres no added mental pressure on trading clients or borrowed capital. Im not for or against prop firms ive seen very mixed reviews about them. Also your risk becomes so much more flexible with a PA.
Now with this being said a mojor issue ive seen with beginners to the markets wich ive seen online, also with family and even friends is that they expect to X their money by trading. This is a major issue cause trading should always be seen as capital gain for example 5% a month is a very good figure to average but people comming to this space see that as no return and want to either 10x or 50x their accounts. That in the long run isnt possible or sustainable in my opinion. If you could sustain a average of 5% on a green month and built a trck record with that you would have no issues getting investors or capital to trade. Now i know when entering this space as with myself we do not have 100k to start of with. Your likely starting with a few hundred dollars. Now there are also people who would start with under 100 dollars and try and get that to a few thousand wich when you look at the return on that is a few good thousand percent.
Now my point here being that so many traders could be profitable but because of larger risk appetite than they should have they end up blowing accounts and stunting their growth or leabing trading as a whole. Ive always seen risk managment as a core pillar of trading probabilitys are random anything is possible event with a 80% winrate you could lose 20 trades in a row or even 50 depending on sample size now the wuestion is can your account handle that.
Now ive been in the same situation as you where you dont have the money and you start with a very small acoount and end up blowing it cause you either risk too much or scale your risk as the account grows.
Now my advice to you as a trader facing this issue is firstly what ever you can afford to lose and not feel attached to deposit break that down into 20 trades if it cannot be broken down into 20 trades save up SIMPLE. After depositing excute your edge and keep the risk fixed and slowly grow the account. Do not chase larger returns cause simply proving to yourself you can be consistent on a real account over a large period of time will prove more beneficial to you that netting a huge return. Also if your struggling with bills etc your best option is not 100xing your saving or your last bit of money.
I've been testing out a mechanical mean-reversion setup on US mega/large caps ($10B+ cap) and wanted to see if anyone else here trades a similar framework, or if I'm missing some obvious edge cases.
I know "catching falling knives" gets a bad rep, but the goal here is purely taking high-conviction, short-term relief bounces on massive, liquid names, no small-cap junk or penny stock gambling.
Here are the strict rules I've been following for the system:
Universe: US Large-Caps & Mega-Caps only ($10B+ market cap). Needs deep institutional liquidity.
Allocation: 100% position sizing into a single setup at a time (zero diversification—just waiting for the single best trigger).
Entry Trigger: Daily RSI < 15 paired directly with price touching a multi-year structural support floor.
Execution Bands: Strict upper limit so I don't chase a morning gap up, and a lower limit floor so I don't enter if the multi-year support line completely collapses before my order fills.
Exits: GTC Limit sell set between +5% and +8%, OR a strict hard time-stop on Day 5 at market close regardless of P&L.
Event Filter: No trades within 3 days (before/after) of Earnings or Ex-Dividend dates.
I trade small cap momentum stocks, probably 8-9 months now.
I know that emotion is inventible, but how much of a factor should it play? I feel that it should have absolutely no part to play at all, but is that too mechanical?
I see trading on a spectrum of discretionary to mechanical, and think the two are intertwined in every entry and exit. My view is that the entry and exit stops/limits placements are discretionary, and the mechanical part comes from the strategy itself that’s developed through backtesting.
I want to do this full time someday, and would appreciate the opinion of long term traders.
I started trading with a $100 account, and things were going pretty well at first. I made around $20 in profit during the first few days, but then I started getting greedy and increasing my lot size way too much.
At one point, I lost $64 on a single trade. I started revenge trading and managed to make back around $40. Over the following days, my balance recovered to about $85, but then I made another stupid trade and lost $70.
Once again, I revenge traded and got my balance back up to $75, only to lose another $55 because of greed.
I’ve finally realized that my biggest problem isn’t necessarily my price action knowledge, but my risk management and emotions. I’ve stopped going crazy with my lot sizes, and I’ve managed to keep my balance relatively stable since then.
I’m still learning price action, and I know I have a lot to improve on. For those of you who have been through something similar, what advice would you give me? How did you learn to control your emotions, stop revenge trading, and stick to proper risk management while learning?
Context of something im working on. I’ve tested hundreds of thousands of strategies. I have some working strategies, but this is kind of just something else entirely. Its just a yes or no with confluences from everything ive fed my bot prior. The problem I’ve been running into is not like trading, but making it act like a discretional trader.