I'd like to become a better trader

Discussion in 'Journals' started by PO, Feb 2, 2011.

  1. ammo

    ammo

    nq day
     
    #331     Feb 24, 2011
  2. ammo

    ammo

    nq 30
     
    #332     Feb 24, 2011
  3. ammo

    ammo

    aapl bear flag
     
    #333     Feb 24, 2011
  4. wrbtrader

    wrbtrader

    Best Loser,

    Did you switch to Emini NQ because you backtested your method on different trading instruments and determined that you're "more profitable or smaller losses" in trading Emini NQ in comparison to the statistical results of the other trading instruments in your backtest ???

    Am I correct in that your method backtest profitably but you just have discipline problems in following the trading plan of your method ???

    Thus, you using a different method and if so...why considering you've implied your method is profitable but you only have problems (discipline) in following the method ???

    Mark
     
    #334     Feb 24, 2011
  5. Redneck

    Redneck

    BL

    (and I haven’t read all the responses so apologies if already mentioned)

    Pick one, and only one - fixed stop loss amount for every trade – and stick with it

    Don’t need a random variable loss amount(s) – ever

    And yeah I know the argument of why that is hard to do – but please do it anyway – You'll get there

    RN
     
    #335     Feb 24, 2011
  6. PO

    PO

    long 3@96.5, stop 94, target day high.
     
    #336     Feb 24, 2011
  7. PO

    PO

    it was a false break out.
     
    #337     Feb 24, 2011
  8. PO

    PO

    all trades fore now are sim.
     
    #338     Feb 24, 2011
  9. PO

    PO

    I\'m not sure I agree with a concept of fixed stop loss. I believe stop losses should be placed in meaningful places and trade still have to have good R:R
     
    #339     Feb 24, 2011
  10. Redneck

    Redneck

    I would have bet money - you would say this


    If you want to discuss later today we can..., if not... it is you choice (meaning no harm, no foul)

    RN
     
    #340     Feb 24, 2011