This was an excellent question that I received tonight:
If you have a proven system that is working for you and your sticking to
it, then if you have 1 or 2 bad trades from this system, how do you
learn from your mistakes? I mean I know you should always try and learn
from your mistakes, but your system's not going to win all the time even
though you have to stick to it.
Here was my answer:
you might go back and ask:
1. did i trade on a day with no econ reports, or in a week when there was no econ reports? that would have told me to watch out
2. did i trade too many or too few lots? am i staying on track with my risk exposure?
3. was i tempted to enter again after the loss? how did i deal with that?
questions like that. make sense? maybe you don't alter your entry rules. but maybe you think more about the time of day you trade and your money management and your emotions.
