I am going to be linking this blogpost to Twitter so that I can show my P/L calendar and my P/L curve as well. So please link to that Twitter post to view those items which accompany this post.

https://twitter.com/_GrandPatzer/status/1349947348756082688?s=20

From December 28, 2020, to January 14, 2021, I grew my trading account from $3,320 to $17,325. That was 13 trading sessions.

This blog is a followup to the blog post that I made last week which I wrote after seeing a sudden huge improvement from my trading the last few years. This past week has seen a continuation of that momentum even with a bigger account size.

I want to highlight some of the things that have worked for me this past week which helped me stay consistent, despite a few shaky days where I made emotional trading mistakes.

What worked was sticking to basically one key pattern. For me, that's the intraday OTswizzle, ideally, but not always, in combination with something else like a multi-day breakout or a first green day bounce.

What didn't work was dip buying panics. For some reason, I am not profitable at that setup yet!!!

I am basically staying away from all kinds of trading that I suck at (confirmed by my stats on Tradervue), and only sticking to setups that I know that I make a lot of money at.

Lately, my winning percentage is like 60%+ and my winners are way bigger than my losers. 

Perhaps people would call my style of trading boring or not very sexy, but I don't care. This is my business. I will only compete where I have a competitive advantage. I will not trade where I do not have the odds stacked in my favour.

To increase profit in business, you engage in activities that reliably make you money, and you eliminate those that reliably lose you money.

When it comes to my trading business, I have one winning setup right now, and a few moderately profitable setups, and so I will ignore all others until I slowly come to learn them with small position sizes.

In my trading, I am quick to cut losses (even before the stock price hits my risk level), so I usually keep them small (except for a few bigger mistakes this week), and my gainers are big because of my high conviction and my style of scaling out into spikes. 

My advice for traders looking to turn their results around: Find a setup that works for you. Trade only that. Look only for that chart pattern setting up. Ignore all else. And TRACK TRACK TRACK your trades in a trading journal like Tradervue or in an excel spreadsheet. Know where you win and where you lose. Adjust your trading accordingly.