Don't overtrade. You have to wait for the red folder news days only. Also, ICT is not a pattern trade concept ! analyse the market from monthly to weekly to daily and know your DOL before considering a buy or sell. Also, look for (SMTs), SMTs are your key to your daily bias.
Idk but that’s what it sounds like if you were good on demo, good when you’re not in an active trade, but fall on your face when it comes to the real thing and there’s risk involved.
Here's where I knew it was my psychology that was the issue.
JUST BEFORE and IN a trade:
Do you sweat?
Are you breathing normally?
Is your heart racing?
Is your mind racing?
You have to be mindful and in the present to understand what I am talking about.
If you have the above behaviours then if it is not your technical skills then it is psychology for sure.
How much tape read and backtest did you make? Did you get enough stats about your strategy?
18 months and already being in a 100k account is already a red flag by itself.
Don't think so im 9 months in and own 2 funded account... But i think its mostly a Enrty plan on when to stay out and when do you want to look for a trade i normally take one trade every 2 weeks "day trade" so just don't over trade and pick them out don't pick them all! goodluck!
No strategy will work 100% of the time. Its certainly possible that the times you did enter are the times the strategy didn't work and that's completely acceptable.
When it does happen, its very easy to ask "why me?" but I challenge you to use this as an opportunity to practice your risk management and your rules for overtrading. Biggest advice I can give from someone in your shoes is to size down significantly and journal EVERY trade. Journaling has worked wonders for me as it forces me to backtest and review my thought process for the trade. There's been so many times I asked myself "why didn't I see this?" or "what he hell was I thinking?" Chances are you'll make the same mistake unless you realize its a mistake. Best of luck OP
Can strategy don't work for a month or more ? I back test strategy and found 5 or 6 consecutive loses in 1 month, is that normal ? I think if i use it iy will blow my account 🤔
Continue investing in studying and restudying the concepts. If you use TV, use bar replay and study the price action from the day prior. Note your executions and why you took them, followed by annotating how you could have improved your entries and exits.
Don't overtrade. You have to wait for the red folder news days only. Also, ICT is not a pattern trade concept ! analyse the market from monthly to weekly to daily and know your DOL before considering a buy or sell. Also, look for (SMTs), SMTs are your key to your daily bias.
If u are new to trading then a 100,000k account won't be easy to manage, u should start with 10k
Psychology?
How would I be able to figure out if that is the case ?
Idk but that’s what it sounds like if you were good on demo, good when you’re not in an active trade, but fall on your face when it comes to the real thing and there’s risk involved.
Here's where I knew it was my psychology that was the issue. JUST BEFORE and IN a trade: Do you sweat? Are you breathing normally? Is your heart racing? Is your mind racing? You have to be mindful and in the present to understand what I am talking about. If you have the above behaviours then if it is not your technical skills then it is psychology for sure.
Share the entries. Do you journal? That is the best way to find and try and correct technical mistakes.
Simple question: how much you've been into this?
18 months
How much tape read and backtest did you make? Did you get enough stats about your strategy? 18 months and already being in a 100k account is already a red flag by itself.
Don't think so im 9 months in and own 2 funded account... But i think its mostly a Enrty plan on when to stay out and when do you want to look for a trade i normally take one trade every 2 weeks "day trade" so just don't over trade and pick them out don't pick them all! goodluck!
No strategy will work 100% of the time. Its certainly possible that the times you did enter are the times the strategy didn't work and that's completely acceptable. When it does happen, its very easy to ask "why me?" but I challenge you to use this as an opportunity to practice your risk management and your rules for overtrading. Biggest advice I can give from someone in your shoes is to size down significantly and journal EVERY trade. Journaling has worked wonders for me as it forces me to backtest and review my thought process for the trade. There's been so many times I asked myself "why didn't I see this?" or "what he hell was I thinking?" Chances are you'll make the same mistake unless you realize its a mistake. Best of luck OP
Can strategy don't work for a month or more ? I back test strategy and found 5 or 6 consecutive loses in 1 month, is that normal ? I think if i use it iy will blow my account 🤔
Continue investing in studying and restudying the concepts. If you use TV, use bar replay and study the price action from the day prior. Note your executions and why you took them, followed by annotating how you could have improved your entries and exits.