Hey man, you got this! I’m in a similar spot-the other week was a bad red week, and though I’ve sized down and had a small green week last week, I’m barely green this week and still in a drawdown. It’s tough when the market gets slow and choppy especially during a drawdown, but I use times like this as motivation because this is where many traders will start breaking rules, losing discipline, and ultimately blowing their account up or quitting altogether. It’s easy to lose discipline by breaking max loss rules, revenge trading, or sizing up when we should be doing the opposite. But staying disciplined now will pay off when the market turns. Based off your track record it shows that you’ve been very consistent and disciplined and followed your rules. I have no doubt you’ll be back to all time highs in your account in no time. Never out of the fight, keep going!
Thanks Nuclear....man it has been so awful lately for me. Very frustrated and confused. Glad it's the weekend. Going to come in next week with small size and try to get some green days hopefully just to get my mental back together.
@@blairtrades after a couple green days you’ll be feeling much better. Rest up this weekend, the market will heat back up eventually and you’ll be printing again. You got this man! 💪
@@NuclearTrading THANK YOU!!!!! Really appreciate your detailed comments Nuclear. I'm completely drained from this week. I got totally smoked. Looking forward to sizing way down next week and having less pressure and really going to try and dial in and try to do better. Have a great weekend!
Great video! Also understand the unfortunate reality that some traders stream live which can give them an advantage when it comes to trading. Slow market which means lighter volume + “big” traders contributing to use big share size + and audience that buys when they buy = them having a slight advantage even if it means the stock doesn’t go up but their entry is slightly lower then everyone else’s allowing them to bail break even rather than for a small loss. It’s the reason Ross streams, the reason the MMU guys now stream live in the discord, the reason farmer doesn’t just do Mon, Weds, and Fris anymore. Not saying they’re bad people but just have a slight advantage so you can’t compare your success with theirs
Thanks. Had another brutal day today....but gonna be sizing down all next week. Need to get my head together. Had 3 max loss days in a row basically this week.
Thanks for the video, Blair! I adjusted mine down as well so I can practice being more flexible with the dynamic positioning. We will see what October brings. In looking at Farmers trading I made some assumptions about his standard position size as it compares to his daily Max Loss of $2k and applied some adjustments to my own. I think I was way to over positioned in general and not being dynamic enough certainly didn't help either.
I’m currently in a 12000 drawdown . Sizing up in a red market day got me into this mess. But I have been slowly hammering away at that drawdown by sizing down. I haven’t been able to trade due to I’m located right where Hurricane . Helene hit . Hopefully things will get better soon. Thanks for the video!
May I make a constructive criticism. Please adjust your volume gain on your mic for subsequent recordings - it is very quiet, even at my Mac volume cranked to the max.
Told myself I was gonna size up a lil in October and now im red 30 bucks on the month so far.. still trying to figure out at what point im gonna size back down if it doesn’t work for me
why is it about share size and not about finding the best trades and the best entries/exits? share size is irrelevant as long as you're winning. I've watched you trade numerous times where you just click in and out, I can't even see why you've entered or exited, when if you just held for an extra 10 seconds you'd be up. so there's other things you need to work on besides the amount of shares you buy. just thinking out loud. you just admitted yourself that whoever this farmer guy is has more experience. maybe go back to paper trading until you get a better grip on what's going on with your strategy. i trade the exact same stocks you do in the morning and I'm up everyday, no brag just facts
