The Easiest Way to Improve Your Strategy
By Dave Mabe
You have months when your trading goes really well.
But then, in some months, you give back all your profits.
Are you following a system?
Check.
Do you have a coherent position sizing approach?
Check.
Are you following your rules?
Check.
If all those things are true, then you're already beyond the hurdles that almost every trader can't overcome.
At this point, the easiest path to profitability is this:
Take the set of all the trades you're already taking, and figure out the right ones to skip.
Here's a way you can prove it to yourself.
Take your trading journal and export your trades to Excel.
Every 10-20 trades, take one losing trade and make the profit zero (instead of a negative number).
Then sum up your profit column and compare.
This will make a significant change to your total profit.
That is effectively what other traders are doing to be successful.
They have a better way of determining which trades to take and which ones to skip.
The same strategy (sometimes the EXACT same strategy), just taking and skipping a different subset of trades.
And it's not rocket science.
-Dave
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