34% result in "money going into [my] account". I "lose" twice as many times as I "win". PS I don't think of it that way at all.
Easier said than done! If your already up a couple of grand, or millions whichever you deem successful. Losing will always feel bad for me no matter what. It's only after a day or two off the stock market I can propose myself and figure out what went wrong.
Perfect... thanks for this. I fully understand your original point, but its just as important to be aware of this metric you just shared as well.
Kudos for getting to that place. +1 Following a plan, is what makes a "good" trade. The outcome is merely a byproduct of doing the job. The job is to recognize opportunities as defined by a plan, and then, follow that plan to the outcome of that opportunity. It's not anything more than that. The job is not about milking every tick, or never taking a loss. Not every opportunity pans out. You follow a plan, and it's just a trade. A winning trade or a losing trade emits the same response... next! Missed opportunities are what's damaging, with this mindset. Kudos again for getting to a place most will never get to.
You should always try to improve, even the things that already work. I'm terrible at handling losses. Losing a series of trades makes me feel like the world is ending because what I see on my screen are dollar figures, it's only when I look at percentages I realize that I'm within my normal drawdown. The confidence of some people on ET is astounding, it makes me think they haven't around long enough to suffer even small changes in the market nor big news events that affected them adversely.
Your trading positions should reflect your personality. If you have problems with losing money while following your rules you should take action to take away pressure and stress. I developed a mathematical model that tells me what size to trade for the next trade and also periodically how much money to take out of my trading account and put away safely. By doing this I reduced the pressure and stress to almost zero. The fact that I don’t trade all the money I have and lose potential profits from that, is largely compensated by my real performance. It is better to trade your rules for 100% of the time (thanks to the adjusted position), then try to trade 5 times more, miss half of the trades, die from stress and pressure and finally take loses you should never have to take if you would have been able to follow your rules. If you trade the size you are comfortably with, you will have no problems at all with loses that are the result of following your rules.
Great positive poster .Have you ever traded live account with this 100% no loss system or is this a positive poster illusions? I also notice your posts are on other threads related to sponsors.