Kardec Trader kept losing money on Mondays. He cut position size by 50% and limited himself to one trade per Monday, then stopped for the day. The losses stopped.
Reduce position size by 50% and limit to only one trade (win or lose, done).
Why am I red on Mondays? Most Mondays, I would start Mondays off red. And then when I dove down into it a little bit deeper, I realized that what happens on Mondays is because we have a long weekend. Monday starts. I'm so excited. I'll go in with more size. As I go in with more size and a bigger risk element, I lose more money than I should. And then Tuesday, Wednesday, Thursday, Friday, I'm trading to make that money back. I learned that from, like, a psychological point of view by looking at data and just seeing Monday's red, red, red, red, red. How about now? When I go on Mondays, I reduce my size by 50% and I limit myself only to one trade. Take one trade. Win or lose, I'm done. I did that tweak, improve metric.
