Disliked{quote} First you need a reliable system. After that there are only three rules to trading. 1. Discipline. 2. Discipline 3. DisciplineIgnored
When you feel like it is not working, then it is not working.
Fiddling around at the edges is like rearranging the deck chairs on the Titanic - it is still going to sink!
For Jayjb to move forward, she would be best to do a major overall of everything she is doing - not just fiddling with a different system.
When it is not working - time for a major rethink.
Wipe the slate clean, consider all that she has learned, consider all that is not working, consider where she is now, where she wants to be and, most importantly, what she needs to do to get there.
Reading over the posts on this thread, they fit into 3 categories.
The commiseraters, The wellwishers and those who believe they have the answer.
Believe me, no-one has the answer except Jayjb. I have not got the answer as I do not know what she is thinking or acting on.
I simply ask that everyone has respect for a fellow trader and understands that losing money does not equate to stupidity.
It simply means that action needs to be taken to rectify the situation.
Jayjb has made the bold move to publicly declare the issue. All power to her for this.
If I may repeat it again "trading happens in the head".
Experienced traders (read consistently profitable) will tell you that you can take an average system and make money or you can take a brilliant system and lose money. It is not all about system - it is about treating trading as a business and using all the control principles of running a business to place and exit trades wherever there is a high probability of success.
I believe that it is significant that she posted this 22 hours ago and has not returned to post again.
This possibly indicates that she is fully considering all of the options open to her - a wise course of action.