Disliked{quote} Money is the raw material of the game... What is difficult of calling it a day even after hitting 100 in a row... Main problem for all losers is not quick hit, it is big hits.Ignored
I'm still targeting more than 1:1 R/R ratio but with exit strategy, not TP. But this is work in progress at the moment.
... A particular trading day is like one trade - and can be treated as such. Yes, I leaved money on the table like that also. The same "big hits" thing.
But if we look at overall trading journey, which can be looked at - like it is also one big trade... then we usually start on a drawdawn and here exiting at a stop loss (quitting) is not a good thing. Other factors like experience are involved. This adaptation to the market environment is not done by us. It just happens, so it is important to give time and exposure. We believe that who we think we are is doing the learning.
But if we change the place of something in the kitchen, let's say, we will tend to look for it in the same place for a while. If it were "our" doing, then from the start we wouldn't do the error, because we don't want to do it. But we can see there is an adaptation going on - to the new environment. So it is important to have patience with ourselves.
We are where we are. Not up, or down. Past Equity is not a reason to trade.