That post is a good take for traders who want to survive longterm in the markets instead of chasing big highs.
I still track Winrate/Risk-Reward and P/L but what matters most for me now is being able to stick to my process consistently and in this process gaining more trust in my ability to control my impulses and be able to protect my capital longterm. I use a tracker for this (+1 sticking to process/ -1 don't stick to process, even when in was winning i give me a -1 when i did not stick to my process).
If i reach a positive number on my tracker i plan to size up with capita on my live accountl and start a propfirm challenge. Not earlier.
Exactly - I found myself overtrading due to the intensity problem with ES futures - I decided to switch to SPY options to control impulses (you can bring your trading back into control by using the correct instrument for your mental state) as with options you can control the volatility using ITM strikes and the DTE! Since I have made the switch I have been consistent as well as STRESS FREE!
It's good to hear, Charles! It takes some guts to switch markets like you did, so congrats on the brave move, and glad to see it worked out for the best. Quality trading is not only about profitability but state of mind and peace. If options feels more like You, then the switch was successful. Cheers!
This post is what made me pull the trigger on my subscription. Would it be possible to share this past webinar with me being a new subscriber?
Glad to know! Absolutely Craig, here it is: https://open.substack.com/pub/theperceptivetrader/p/webinar-recording-how-to-stop-sabotaging?r=1g9dqu&utm_medium=ios
That post is a good take for traders who want to survive longterm in the markets instead of chasing big highs.
I still track Winrate/Risk-Reward and P/L but what matters most for me now is being able to stick to my process consistently and in this process gaining more trust in my ability to control my impulses and be able to protect my capital longterm. I use a tracker for this (+1 sticking to process/ -1 don't stick to process, even when in was winning i give me a -1 when i did not stick to my process).
If i reach a positive number on my tracker i plan to size up with capita on my live accountl and start a propfirm challenge. Not earlier.
Thank you Tino! That’s a solid process to track quality of execution and drift away from the outcome focused trap. Thank you for sharing! Valuable
Exactly - I found myself overtrading due to the intensity problem with ES futures - I decided to switch to SPY options to control impulses (you can bring your trading back into control by using the correct instrument for your mental state) as with options you can control the volatility using ITM strikes and the DTE! Since I have made the switch I have been consistent as well as STRESS FREE!
Thanks Sara for your valuable insights -
It's good to hear, Charles! It takes some guts to switch markets like you did, so congrats on the brave move, and glad to see it worked out for the best. Quality trading is not only about profitability but state of mind and peace. If options feels more like You, then the switch was successful. Cheers!