Stages of a Trader

Discussion in 'Educational Resources' started by dbphoenix, Feb 5, 2014.

  1. dbphoenix

    dbphoenix

    Did you ever use those records to develop a trading plan?
     
    #11     Feb 5, 2014
  2. Listen up dbphoenix and everyone else!

    My boss (Satan himself) can make anyone a excellent and profitable trader. All you need to do is sign a work assistant contract and offer him yourself.

    It is not the Holy Grail but it is much better.....

    Anyone?
     
    #12     Feb 5, 2014
  3. feng456

    feng456

    If I didn't have a plan I wouldn't be trading at all. It's not in my style to go into something unless I've thought it through and through beforehand and know exactly what I'm going to do. I'm too much of a pussy to go into situations blind.
     
    #13     Feb 5, 2014
  4. dbphoenix

    dbphoenix

    Is the plan consistently profitable?
     
    #14     Feb 6, 2014
  5. feng456

    feng456

    It goes from very profitable (~100%) one year to break even or slight loss the next then back to very profitable again. This is based on 4-5 years of data. All exits assume hit no fill unless price moves past.

    Trade frequency is about 10-15 per month.

    I've tweaked it many many times since its inception and the most profitable way is still the original.
     
    #15     Feb 6, 2014
  6. dbphoenix

    dbphoenix

    What accounts for the variation?
     
    #16     Feb 6, 2014
  7. feng456

    feng456

    Luck? I don't really know.
     
    #17     Feb 6, 2014
  8. dbphoenix

    dbphoenix

    Do you backtest manually or do you let the computer do it?
     
    #18     Feb 6, 2014
  9. feng456

    feng456

    Manual

    10 characters blah blah blah
     
    #19     Feb 6, 2014
  10. dbphoenix

    dbphoenix

    And what distinguished the failures of your setup from the successes?
     
    #20     Feb 6, 2014