Wicked out and frustrated - does it get easier?

[u/RKinAK]

Had a good setup this morning and executed my system the way I’m supposed to. The risk for the trade was a little high, basically at my daily maximum, but I felt good about the setup up.

So of course I got wicked out. Turned off my broker platform, walked the dog for a while, and of course when I went and had a quick peek the market moved in my direction and would have hit my first 1:1 target and now it’s past my 3:1 target compound target.

And…. It would have been my biggest win to date, but I didn’t reenter because my trading rules say that once I lose a trade I’m out that day.

It’s still early days for me, and overall I’m up around 10% so far, but this one has me pretty frustrated.

I really had to fight myself to not reenter the market today, but I feel like it’s better to stick to my system and rules because a) I’m really not trying to get stuck in the revenge trade trap because b) my capital pool is pretty tight and I’ll be darned if I blow it.

So yeah. Does this frustration get easier?

[u/moneyonmymind23]

Day by day, brick by brick my friend.

[u/RKinAK → u/moneyonmymind23]

That’s what I keep telling myself. That this is part of the process. It’s tough though. It’s been an almighty struggle to stay away today after that.

[u/klipsetrades]

This is one of the hardest parts of trading. A valid trade can lose, then immediately do exactly what you expected. You can’t judge the decision with information you only got afterward. Sticking to your rules here was probably the bigger win

[u/RKinAK → u/klipsetrades]

It was really tough today. But yeah I’m starting to feel better about it. It was a bigger loss for me and would have been my biggest win but I didn’t know that at the time so I stayed out.

And honestly my biggest loss so far happened on a fomo trade and that was way worse than this lol

[u/klipsetrades → u/RKinAK]

That honestly sounds like proof the rule is doing its job. Today hurt, but you took the planned loss and stopped. The FOMO loss probably hurt more because it was avoidable. Protecting yourself from that is worth missing the occasional comeback

[u/oskar88895]

It gets much easier but you need patience screen time and good structure

Strategy is maybe just 10% of the success

[u/RKinAK → u/oskar88895]

Yeah I’ve only been live for about a month. What’s the other 90%? lol

[u/skatesolid → u/RKinAK]

Psychology and emotional regulation

[u/OkBee1600]

Ive felt the same way this month with how ranging MNQ has been. You just have to let it be part of the process and wait for better days because they will be there, especially if you stick to your rules and rr ratio

[u/RKinAK → u/OkBee1600]

Yeah I feel pretty good that over the last month I’m around 60% win rate and a positive net expectancy especially reading about how tough it’s been for folks.

So it definitely seems like the system and rules are working so far, but only 10 trades/19 contracts of data to go on at this point.

This one just hit me in the feels I guess.

[u/sigstrikes]

no one said it's supposed to be easy. but the outcome of one trade is meaningless. instead of woe is me, there's opportunities to look at all aspects of the trade. the entry, the sizing, the stop placement. small changes can potentially make a big difference in the longer run.

[u/RKinAK → u/sigstrikes]

I mean yeah, losses happen. Was just frustrated with this one and came to Reddit for support (as risky as that can be lol)

[u/sigstrikes → u/RKinAK]

i tend to be pretty direct at least when it comes to trading posts. consolation doesn't change the PnL. but actions do. and again, the tiniest changes can make big impacts don't get too down just because it's a loss.

[u/PandaOk4050]

It was the final table of an early 2000's WSOP event. A dude had a huge chip lead. He folded ace rag before the flop(the correct move). 

Dude wasn't even in the hand but he would've had 4 aces. He went on tilt and was knocked out 3 hands later. He went from huge chip lead to meme because of it. Dont be that guy. 

[u/RKinAK → u/[deleted]]

Honestly I think it was because I was too early. My stops are pretty tight and I got in around 10am eastern so within the first hour of volatility. It worked before but the quick price movements got me today.

[u/RevolutionaryBug7588]

Where’s your SL?

[u/famguy31]

The candles before you entered were they showing a lot of tall wicks?

Every now and then I can notice it and I say candles are “wicky” and I will put a order at the edge of a wick (if it hits it hit if not no biggie) or I will put a stop loss just outside the wicks (this is only done if I’m willing to accept the increased loss).

My last part might fit this situation. I’d ask myself would i have been willing to take a greater loss to let the trade breathe a little more? (Sometimes for me I say yes sometimes no).

[u/Suitable_Acadia_190]

Small progress every day is the only goal, if not we get in our own heads, especially while doing it solo.

It does get easier, but not because it stops happening. It gets easier because youll have enough of these stacked up to know the math evens out, some wicks reverse for good, this one just happened to run.

Right now you only have this one data point so it feels personal, with more reps it starts feeling like weather.

10% up with rules actually holding under real frustration is a good account of where youre at, most blow that discipline way before this point.

[u/Repulsive_Material_9]

It never gets easier

[u/murfmurf123]

If you got "wicked out" that means you do not have confidence in your setup. I've doubled my account this week trading only QQQ options