Kardec Trader explains why profitable day traders from 2020-2021 stopped making money: they couldn't adapt when market conditions changed. Instead of pausing to learn, most traders doubled down on strategies that no longer worked, refusing to rip apart their playbooks and adjust holding periods.
So many traders in 2020 or 21 that were making so much money, and now they're gone. They were not able to adapt. So for me, my viewpoint on the market, some of my strategies and some of my setups that worked in previous years don't really work the same now. So I've had to rip apart my playbook, rip apart how I'm trading, rip apart the time periods I'm holding trades, and go and look at the markets from a new lens. That's really hard to do in any industry, because when you're doing something for a long period of time and it's working, and then when it stops working, most people double down on it. Instead of taking a step back and saying, well, change, let me stop doubling down on it. Let me stop burning capital, let me stop burning mental energy, and let me fully understand what is needed to do to adapt to this new environment.
