The Practice Method to Achieve Results in the Shortest Time #11

Quality of Review, Not Amount of Practice

Hello. This is THE DAYTRADE.

I look at charts every day.
I’ve also done backtesting dozens of times.
I’ve done live trading with small lots as well.

Yet, my results don’t change easily.

If you feel that way, it might not be a lack of practice.
What’s missing is,the quality of the review.

You won’t improve by repeating the same mistakes 100 times

Increasing the number of practice sessions is important.

But if you just increase the count without reviewing,you’re just repeating the same mistakes, in the same way, over and over.

Even if you trade 100 times, if 30 of those trades had the same misalignment,
that’s not 100 trades worth of practice; it’s practicing the same mistake 30 times.

Improvement doesn’t come from simply increasing the number of times you practice.
When you understand why a misalignment happened, and fix it next time.

Low-quality vs high-quality reviews

There is a quality difference in reviews as well.

Low-quality review

• Ends with “I lost. I’ll be careful next time.”
• Does not review winning trades
• Only looks at the result (pips)

High-quality review

• Identify at which time frame the judgment was off
• Check whether the winning trades met the criteria
• Separate “loss that followed the criteria” from “loss that deviated from the criteria”
• Also note what kind of feelings you had when you entered

Even with the same single trade, what you review matters greatly to what you gain from it.

Review in order from daily chart onward

When reviewing, start from the daily chart and proceed in order.

• Daily chart: Where you are within the overall trend
• 4-hour chart: How the trend and support/resistance levels looked
• 1-hour chart: Whether it was truly a retracement; whether you could identify peaks and valleys
• 5-minute chart: Whether you were able to wait for the N waves

And especially,whether you entered at a place where a pullback (retrace) on the higher time frame seemed likely.

On the daily or 4-hour chart, you could see it was a place where selling (or buying) tends to occur.
Trades entered at such places tend to move against you right after entry.
I avoid such risky places.

Many losing trades are due to misalignment confirmed on the higher time frame above.

How to raise the quality of your review

① Hide the results and look only at the decision
First, confirm whether the pre-entry decision was within the criteria, without looking at the result. If you see the result first, your evaluation of the decision can be swayed.

② Identify only one misaligned time frame
Which timeframe was misaligned: daily, 4-hour, 1-hour, or 5-minute? Choose the very first time frame where the misalignment occurred.

③ Separate “decision-followed loss” from “misaligned loss”
If you lost after entering according to the criteria, that loss is unavoidable. There is nothing to fix there.
What you need to fix is only the losses that deviated from the criteria.

④ Review winning trades in the same way
A trade that won because it deviated from the criteria is just a lucky win.
If you memorize it as “that went well,” you’ll repeat the same deviation next time.

⑤ In one week, decide on one thing to fix
From among the deviations found in your review, choose the most frequent one, only one.
For the next week, focus only on that one thing.

Fix only one thing at a time

When reviewing, you’ll find many things you want to fix.

But if you try to fix everything at once, nothing will be completed.

One per week.
Even that alone will fix four deviations in a month.
It will work much faster on your results than simply increasing practice amount.

What to do today

• For this week’s trades (backtests), list them with results hidden
• From the daily chart onward, identify one misaligned time frame
• Check whether you entered at a place where the higher-timeframe pullback seems likely
• Separate “decision-followed loss” from “misaligned loss”
• Decide on one thing to fix for the next week

Summary

• Increasing counts without reviewing just repeats the same mistakes
• Progress happens when you understand why you deviated and fix it
• Review should proceed from the daily chart onward
• Fix only losses that deviated from the criteria. Verify Winning trades in the same way
• Fix one thing per week

Next time, #12 “Why practicing alone leads you astray.”
I will share misalignments you can’t notice in your own review.

Pursue correctness rather than win rate.
Correctness is honed by the quality of your review.

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Note: Results and profits vary by individual and are not guaranteed.
Note: Trading involves risk of loss. Results vary by individual, and profits are not guaranteed.