17 trades in one day, too much?

I took 17 trades on bitcoin in one day and still ended up in a net loss. Is 17 too much?

17 trades is mentally exhausting considering the amount of thought you must have put into each of them. I prefer taking just 2 to 3 trades with conviction and if by the end i am still in a loss i call it a day.

K
@karbin - 5 hours ago

In the long term, overtrading affects the bottom line a lot.

You have to look at your own pnl, and check:
a. What is the optimal limit for you on the number of trades in a day, in your last 6 months of trading?

For example, for me, my pnl just takes a big hit after the 3rd trade. If I take more than 3 trades in a day, it results in more losses over the long term. Infact, the pnl become negative. For you, this number may be different.

b. What are the trading hours in which you are profitable?

c. What is your most profitable setup?

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