Don't Repeat the Same Mistake as Me

Even after 5 years in the markets, I still do mistakes, this one is my latest.

I am not gonna lie to you, but lately I got into loophole I thought I would never fall into again.

I talk a lot about trading psychology, I think it is one of the main factors why you succeed in trading, but what you can’t negotiate is that the trading strategy is important as well. I am testing a lot of stuff simultaneously, because I simply want to have more than one strategy.

I tried to trade support and resistance. I went for the 1RR trades, that would not be big problem at all, but I was trading something, what was not working for me at all and I went live for it.

I don’t do it too often, but this time I did it - and you can see full journey in my Telegram channel i created for this purpose. I made 8% in few months, but what is happening now it is going downhill.

Why? I think that the main reason is that my luck just left the board now.

I am not quite sure why I did that, but I was never trading support/resistance too much. I know about this stuff, but for me it was never like “good looking” trading strategy or something I would have good intuition for. And that is the problem I think.

Believe it or not, most of the time I was trading supply/demand, you can translate it as order blocks, market structure etc. I had pretty good results with that, but as I wanted to improve I am still trying to make it better and better. To test new strategies, new structures and new insights into markets.

Even though I knew it, I started trading S/R strategy because I thought it will be good.

It was good. But I am not feeling the setups at all. That’s why I decided to go back to the supply/demand and probably will stay there. I am still learning as we all are in the markets, so I make mistakes and I am completely fine with that. The reason why I am writing about this, is to show you, that we all make mistakes and I do mistakes too. I think that I make more mistakes than you even realise. I am not unique in any way. I am same as you. Same guy who tries to figure out the markets and make best possible outcomes there.

If this text could give you one thing - it would be to follow just strategies you really believe in and don’t fall for the temptation of trying something new. I was trading last few years just the same supply and demand and now for some reason I switched.

Trading is not too complicated as we think it is, more than the strategy is important to have good risk management structure.

Even if I am now in little bit of loss streak (thanks to it I realised this what I am writing now) I think that it got me pretty good experience - follow what you believe in, not what believe others.

Also I stopped editing the letters too much - what you maybe have recognised if you are reading my letters weekly, but I completely stopped using any AI for that, I don’t even edit the format that much, just write as I feel like. Hopefully you find it more useful and more personal. That was always the goal, not to preach some nonsense, but to create transparency and honesty in these letters.

See you in the next one.