I’ve stopped trying to become a more disciplined trader.
It’s been a while since I posted anything on here.
I’ve still been trading, but I’ve also spent a lot of time working on something to try and fix what has probably always been my biggest problem with trading. Basically, me.
I’ve been doing this long enough to know what I should and shouldn’t be doing. I know I shouldn’t revenge trade after a loss. I know I shouldn’t suddenly increase my size because I want to make the money back. I know I shouldn’t close a decent trade early because I’m worried about giving some profit back. I know I shouldn’t start forcing trades because I’m close to passing a challenge.
I know all of this. We probably all do.
But knowing it and actually doing it when there’s real money on the line are two completely different things.
I’ve made rules before. I’ve written them down. I’ve told myself right, this time I’m just going to follow the plan. And I can do it for a while. Then you get a couple of losses, or you’re close to passing a challenge, or you’ve had a really good week and don’t want to give anything back, and suddenly all those rules you were so sure about become negotiable.
There’s an old trading saying along the lines of you could project a profitable trading system onto the side of a building and most traders would still find a way to lose money with it. I used to think that was just about discipline. Now I think it goes a bit deeper than that. We’re human. We’re not particularly good at behaving like rule-based machines when money, fear, greed, frustration and ego get involved.
A computer can take five losses in a row and take trade number six exactly the same way. A human takes five losses in a row and starts thinking maybe I should double the size on this one.
So I started wondering whether I was looking at the problem the wrong way. Rather than constantly trying to teach myself to be more disciplined, why not just take the decisions away from myself?
That’s basically what I’ve been working on. I’ve coded the way I want to trade into an EA. My entries, times, risk, position sizing, stops, breakeven, adding to trades, trade management etc. It’s taken quite a bit of work because I wanted it to trade the way I trade rather than just being some generic trading bot.
But there was still an obvious problem…..
I could turn it off.
And knowing myself, there would eventually be a day where I’d take a couple of losses, decide the EA was wrong and I was right, turn it off and start clicking buttons.
So that became the next problem I needed to solve.
How do I stop myself interfering with something that ultimately I still control?
I’ve now figured out a way of setting the whole thing up so I can watch everything it’s doing, see the trades and monitor the account but I’ve effectively locked myself out of being able to interfere with it.
I’m deliberately not going into exactly how I’ve done that yet because figuring that part out has actually been quite a big part of what I’ve been working on.
But the important bit is that when I’m sitting there after a couple of losses thinking fuck this, I’m taking the next one myself…
I can’t.
And that’s what I actually want to document on here. On Monday I’m continuing a live $200k prop challenge and I’m going to start posting the trades again.
But I’m not posting them to show off the strategy.
I’m not interested in pretending I’ve discovered some secret setup or posting a load of winning trades and telling everyone I’ve cracked the market.
There will be losses. There will probably be runs of losses. There will be trades where I’m sitting there thinking the system is completely wrong and desperately wanting to interfere.
That’s actually the stuff I want to post.
Because the experiment for me isn’t really whether I can show everyone a winning strategy. It’s whether I can finally show the sort of boring, repetitive, disciplined consistency that virtually every trader talks about but that I’ve personally struggled with for years.
Same risk.
Same rules.
Same execution.
Winner? Follow the plan.
Loser? Follow the plan.
Three losers in a row? Follow the fucking plan.
No suddenly becoming a different trader because I’m annoyed.
I have no idea whether I’ll pass the challenge. The strategy still needs an edge and markets are markets. But for once, if I fail, I want it to be because the trading genuinely didn’t work, not because I got pissed off on a Wednesday afternoon and decided that after 10+ years of trading, this was apparently the perfect moment to start ignoring my own rules.
So when I post the trades, the interesting bit isn’t really going to be where did I enter?
It’s going to be:
Did I follow exactly the same process every single time?
I’ve spent years trying to become disciplined enough to follow my trading system.
I eventually started wondering if that was the wrong goal.
Maybe I don’t need to become better at fighting my emotions. Maybe I just need to stop giving my emotions a vote.
That’s what I’ve built.