That is my Equity as of now in Candlestick figure using python.
There will be 3 phases of my story (I can send you the proof or report from my broker if you need).
1. Where I fvck and burned down to hell
2. When I finally observed where it is working consistently
3. Where I stopped even though I'm up
Why did I stopped trading when my equity is in good shape?
I can't do it anymore...
The pressure is killing me...
So I stopped before I killed myself.
but without further ado let's start the first part where I fvck and burned down to hell.
As you can see in the first part, It is creating big swing up and down, but It is channeling down or going to breakeven at some point.
I'm using micro double bottom and double top in 1min TF if it's trading range, when BTC/USDT is trending, I trade double bottom and double top failures in 1min TF.
As you can see, I can create winstreak and losestreak.
The losestreak part is when I'm breaking down emotionally after series of loses then become happy when winstreak happens, then breaking down again.
that last drawdown is where I said "well, fvck it, I will trade it without set up", that's where I start revenge trade, and can't think of anymore, I cried after losses. I get betrayed by my own rules.
It needed to stopped. So the second part of the story is where I analyze where I'm winning and losing, I used fixed dollar loss and wins so It is equal, I select the set up and market conditions where my winning streak came from.
And so, the spike up in my equity, rises like a god, I cut my losses quick, as you can see in the equity where there is small bear bars, and huge bull bars, and continues to go up relentlessly.
I only trade double top and double bottom failures at 1min TF and like you have guess, It works only in trend, I can trade 6-10 of them in one day with 75% winrate.
Annnd here comes the third part of my story, I feel euphoric, I thought I'm gonna win and win, I get loss, and cut the losses very quickly, but then occasional loss, as you can see in the equity, it starts to go down, I lose trust in the system and I revenge trade once again.
but later in the day, my set up works again relentlessly where I missed them due to fear, but they work, and I should have winstreak once again.
Why I stopped now?
It is because this is not my money, It is a loan with 5% interest per month, I don't have the capital to begin with.
Every trade, I feel the pressure, I'm breaking down very quickly "I will have a financial burden in the future if I let this continue", I am breaking down every fvcking trade, so I quit and payed the loan, for my peace of mind.
If only I have a job and capital, I can make this trading works, without thinking anything and just executing my trades all day long.
If there is someone there who is godsend enough to give me advice what I should do, pls tell I'm desperate to have the capital.
I'm undergraduate in BS infotech, and don't have the capability to continue, I really need a job, so pls advice I don't know anymore.