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  5. month 3 of journaling and the patterns its showing me are uncomfortable

month 3 of journaling and the patterns its showing me are uncomfortable

Scheduled Pinned Locked Moved Trading Journals
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  • U Offline
    U Offline
    urbanlegend
    wrote on last edited by
    #1

    kept a structured journal for three months now and the review just delivered some hard truths. almost all my profit came from one setup, a second setup i love and trade most is actually net negative, and my worst losses cluster on friday afternoons and right after a winning streak. it stings but feels important. anyone else had the journal hold up a mirror like this?

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    • C Offline
      C Offline
      carterw
      wrote on last edited by
      #2

      that is the journal doing its single most valuable job. nearly everyone who journals honestly finds the same shape: one or two setups carry everything, a beloved setup quietly loses, and losses cluster around specific emotional or time conditions. the discomfort means youre finally seeing reality instead of the story you told yourself. the traders who improve are the ones who act on this mirror, not the ones who look away.

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      • J Offline
        J Offline
        jack_online
        wrote on last edited by
        #3

        the post-winning-streak losses are textbook and worth flagging hard. overconfidence after wins is one of the most consistent account-killers. now that your journal proved it happens to you specifically, you can add a rule, reduce size or take a break after a streak. thats the payoff, a personalised rule backed by your own data rather than generic advice.

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        • W Offline
          W Offline
          westcoastjay
          wrote on last edited by
          #4

          you have the answer in your own data and youll still keep trading the beloved losing setup for another three months because you like it. knowing the pattern and acting on it are completely different skills, and most people only develop the first.

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          • R Offline
            R Offline
            Ryan
            wrote on last edited by
            #5

            the troll is uncomfortably accurate about how hard it is to drop a setup you enjoy. what worked for me was not banning it outright but demoting it: cut its size to a fraction and require extra confirmation, so my ego got to keep trading it while my account stopped bleeding on it. eventually the data on the reduced version made it easy to retire. a gradual demotion beat a willpower-based ban i would have broken.

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            • M Offline
              M Offline
              Michael
              wrote on last edited by
              #6

              if one setup makes all the money, is it crazy to just trade only that one and drop the rest entirely?

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              • J Offline
                J Offline
                jack_online
                wrote on last edited by
                #7

                not crazy at all, its often exactly right, but confirm the sample is big enough first. one profitable setup over three months could still be a lucky run if its only a handful of trades. if its dozens of trades across different conditions and consistently positive, then yes, concentrating on your one proven edge and cutting the rest is what professionals do. just make sure its real edge, not a short hot streak, before you bet everything on it.

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