Successful traders, what did you do to increase your performance stats?

Discussion in 'Trading' started by iamnewuser911, Oct 30, 2017.

  1. Let's say you are already profitable, what did you do that caused a jump in performance? EG Win rate, RR
     
  2. Robert Morse

    Robert Morse Sponsor

    Allocate more toward what works and less toward what does not.
     
  3. maxinger

    maxinger

    when you are comfortable with your trade plan,

    and your mind control / management is in tip top condition,

    simply increase your trade quantity from 1 to 2 to etc etc.
    at the same time learn to stretch profit.
     
  4. A slight combination of Everything, basically....will change anyone's performance for the better. (or worse)

    But for me, personally, it was learning to be calm...and changing my mindset and approach...and not treating the market like a random casino.

    Experiencing a "jump in performance" generally means you have to be willing to accept risk, and play risky business -- and up your game and skill as well. So if you want that...you have to throw conventional wisdom out the door.

    The more logical, reasoning, conservative, traditional trader heads will tell you that may be stupid and foolish to do so -- perhaps.
    But we, or I, am not here to be...just Average, but Elite.
     
    Last edited: Oct 30, 2017
  5. pinetboltz

    pinetboltz

    for me the switch flipped when i tracked down the entries/exits of a winning trader i long admired (& there are various ways of doing this, don't let anybody tell u it can't be done), and reconfigured my system so that it would be consistent with his

    it's effective because there are more ways of losing than winning, saves u the time of searching through the solution set by not reinventing the wheel
     
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  6. Xela

    Xela


    This. Very much this.

    And being able to do this depends on one's ability to identify accurately and confidently what works well and what doesn't work so well, first ... which is not nearly so trivial and obvious as it sounds (even just realising this reality is clearing a hurdle that many people never quite negotiate successfully): for me, it depended on developing quite a detailed grasp of statistical analysis, and to most people that's a pretty counterintuitive subject.
     
  7. jl1575

    jl1575

    Winning or losing, in the end it is all about timely entry and exit. A winning situation/window can be turned into a losing trade if entry is premature or delayed; again, such signals should be more mechanical than discretionary, otherwise hard to follow.
     
  8. Hooti

    Hooti

    There is a current thread on 'not thinking about the money'.

    I didn't realize until recently that it was when I made the choice to not think about outcomes (the money)... before that I had some aspect of the deer-in-the-headlights watching outcomes... that aspect seemed to prevent me from being able to "identify accurately and confidently what works well and what doesn't work so well."

    It wasn't until after I chose the counter-intuitive skill of setting all thoughts of outcomes and money aside until after trading... at the end of the week or month. After I chose to do that fairly quickly I became able to see clearly my mistakes and what to do about them as I was trading. This was certainly a key turning point in my trading, maybe the key turning point. Trading became fun and my stats all improved from there.
    .........
    Trading has a lot of counter-intuitive things.
     
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  9. Like for example I have setups in counter trend and trend, I risk more in trending markets which will push my setups in my favour? Just an example, I have backtested and it has shown no significant difference
     
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  10. The biggest single improvement came when I decided to concentrate on only strong trades during good market conditions. Instead of trting to catch every trade.
     
    #10     Oct 30, 2017
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