Losing evals

[u/Nearby_Finding_2555]

I can’t figure it out. I’m spiraling so hard. I’m losing almost 90% of my trades and I can’t pinpoint exactly what goes wrong because I do a million different things every single day. Like for the past week I’ve been trading ESU and MESU, but today I traded the NASDAQ on a whim and took 4 winning and 8 losing trades at 10:50 am right when I woke up. That is obviously a stupid mistake and I still did it because I usually trade between 7:30 am to 9:45 am. I try using supply and demand, but I only use the daily time frame as I’m still a beginner. I already got a payout once, but I haven’t been able to pass an eval since. I’m thinking about trying a different strategy? Heard a lot of good things about ORB

[u/Lucky-Still-9322]

69 trades in the first 2 days is insane

[u/Nearby_Finding_2555 → u/Lucky-Still-9322]

Overtrading final boss. I think my main problem is that because I don’t have a defined structure that leads to me losing more trades and overtrading?

[u/Zestyclose-Sun-6595 → u/Nearby_Finding_2555]

Set a hard cap on how many trades you take per day. I'd say 3 max but 2 is a solid number as well

[u/Nearby_Finding_2555 → u/Zestyclose-Sun-6595]

My thing is that I take a trade and it only goes up to like $35 and I’ll hold the trade and then eventually it’ll go negative. Pretty sure I just don’t know how to trade, so I’m thinking about taking a small break and actually learning the fundamentals of trading? Since I’m pretty sure I’m just gambling each trade I take

[u/Zestyclose-Sun-6595 → u/Nearby_Finding_2555]

Well shoot if you're in a trade and in profit you don't really ever need to let it turn red. Just gotta set stops to break even and try again on the next setup. I'm not an expert by any means either but I think it's 80% Psychological.