Paper trading for a year!

Discussion in 'Strategy Building' started by DingoCC, Sep 7, 2020.

  1. DingoCC

    DingoCC

    Weekly is all I can manage time wise. One day I'll trade daily, one day.
     
    #11     Sep 8, 2020
  2. AbbotAle

    AbbotAle

    Yes. Use the same strategy on 1m charts. You might be surprised...
     
    #12     Sep 8, 2020
  3. Once in a lifetime? I am 30, so far the currency, commodities and stock market have had at so many crashes of which I know of (Dotcom, 9/11, Lehmann, Greek/Euro crisis, Corona, Abenomics, Iraq war, Brexit) The magnitude does differ, but there is on average every few years one.
     
    Last edited: Sep 8, 2020
    #13     Sep 8, 2020
    Bad_Badness likes this.
  4. easymon1

    easymon1

    mr dingocc, what max drawdowns are there?
     
    #14     Sep 8, 2020
  5. I'm quite sure you haven't analyzed the SP on monthly TF yet.
     
    #15     Sep 8, 2020
  6. %%
    YES,DCC;
    print out a 10 year monthly paper chart of QQQ, or SPY or XLK/buy one share.
    That will show you how to trade/invest.May want to use 3 year weekly charts also- I do.
    Most anything works in an uptrending bull market/above 200 day moving average.
    DO NOT trade/invest with money you cant afford to lose
    IF not in usa/find etfs like those.Wisdom is profitable to direct...………………………………………...
     
    #16     Sep 8, 2020
  7. Tradex,

    Great point you made in red above. you are right on this part.
     
    #17     Sep 8, 2020
  8. Most of those are small events. Only Lehmann (aka Global Financial Crisis) and Covid-19 really count here. If you are 30 you probably weren't old enough to trade through Lehmann. So there has been only one once-in-a-lifetime vol event in your adult or "trading" life (career) so far.
     
    #18     Sep 8, 2020
    ITM_Latino likes this.
  9. DingoCC

    DingoCC

    Max system draw down of 22%
     
    #19     Sep 8, 2020
  10. easymon1

    easymon1

    can you survive a 25% drawdown?
     
    #20     Sep 9, 2020