One of the important things i realize for intraday traders and it can affect even a person who is profitable is to ensure that the correct process is followed. At eod one must take some time to ensure all orders put are as per rules and one must try to tally the live trades with backtest. It will improve both the backtest and refine mistakes in live trading. Trading is a probable event it isnt a certain event. A bad day could be because the market isn't conducive to our trading. Prolonged bad days could either be because
1. market isn't conducive or
2. There is something which you are doing which isnt the way the backtest is carried out. Or something which you have accidentaly omitted in live trading which isn't realised.
Mind you backtest isnt live trading. 5 years back things were different and 5 years forward things would be different. So a kind of effort is to be put to map towards ideal trading. Also multiple systems means effort for each system. Such a process would put a trader in the right direction towards being profitable.
1. market isn't conducive or
2. There is something which you are doing which isnt the way the backtest is carried out. Or something which you have accidentaly omitted in live trading which isn't realised.
Mind you backtest isnt live trading. 5 years back things were different and 5 years forward things would be different. So a kind of effort is to be put to map towards ideal trading. Also multiple systems means effort for each system. Such a process would put a trader in the right direction towards being profitable.