I have spent my whole Saturday in deep in analysis on my June trades and the evolving state of my trading psychology this month because I'm not happy with my performance. Tradervue is awesome for that. 

 

I came to a surprising conclusion. I have identified $15,440 in losses that I took this month because I deviated from my A+ setups, mainly OTC multi-day breakouts and morning panic dip buys. 

 

$6800 in net losses came from listed/meme stocks from the first week of June (I FOMO'd pretty hard, being an OTC trader and seeing everybody banking on meme stocks that week).

 

$8640 in cumulative losses came from trying to catch the bottom on RSHN on multiple days, averaging in and swinging, before selling everything at .0044 the day before it bounced to .0064. Totally broke my rules of waiting for the first green day to begin buying for the bounce. 

 

Starting the month with an account of exactly $30K, I'm up $9,923 on the month, but avoiding $15,440 in unnecessary losses would have meant an instant 155% improvement to my P/L, and that's without taking anymore profitable trades or increasing position size or implementing any other strategies. 

 

This is a major discovery, and one that I will take seriously, because it could represent an instant doubling of my performance going forward.

 

Leaks to fix up:

 

1) No trading listed stocks, except to test with small position size that it's basically a paper trade.

2) No buying dips unless it's a morning panic. (Midday and power hour panics have been horrible lately)

3) No backside longs, unless on morning panic dip buys and first green day bounces. Stop averaging into multiday dips trying to guess the bottom for a bounce.