The secret that all the Guru's are desperate to keep hiden.

Discussion in 'Professional Trading' started by Brandonf, Dec 29, 2008.


  1. Don't take it as I am trying to pick on a sick dude (but I am) :)

    I have had some serious health problems myself and do realize that life loses MUCHO of it's quality when you are sick.

    The only "problem" you need to solve is your health...good luck.
     
    #31     Dec 29, 2008
  2. Brandonf

    Brandonf Sponsor

    You'd think so..but I just looked on Google and the first 15 pages of results for Brandon Fredrickson are not sites that I have anything to do with right now. :)
     
    #32     Dec 29, 2008
  3. tradethetrade

    tradethetrade Vendor

    Another example that I can suggest is to go through all your stocks at the end of the month and remove the ones you are losing money. Do it monthly and it will make a big difference in your trading.

    Brandon, get well because I still have a lot to learn from your posts.
     
    #33     Dec 29, 2008
  4. Brandon,

    This is easily one of the best posts ever made on ET. Thanks from a fellow Iowan.

    Data mining one's own trading is the smartest move a trader can make.

    Regards,

    John
     
    #34     Dec 29, 2008
  5. Brandon,

    A great post - thanks, and hope all is well.

    In the interest of actually contributing something of use to this thread, I journal the following:
    Time into the trade - i.e. 12:33:02
    Time out of the trade
    Order Type - for both entry and exit
    Order sizes
    Execution - i.e. BATS, Arca, Inet, etc
    Reason for entry
    Reason for exit
    Follow-up commentary - what I did right/wrong/missed/saw - yes, hindsight is 20/20, but I think the analysis worth it

    My .02 for what it's worth...
     
    #35     Dec 29, 2008
  6. _PD_

    _PD_

    Don't mean to hijack Brandon's thread, I'm eagerly awaiting his responses. Here are a few metrics I collect in my journal --

    Duration of the trade in bars
    % of the move captured
    type of exit, stop used if any

    And for EOD --
    # of trades + and - ( reliability )
    avg profit of each ( expectation )
    # of $x trades made and missed
    one thing I did right / one thing I did wrong
     
    #36     Dec 29, 2008
  7. Brandon:
    I agree on your advice and keeping a journal is important. Also, holding good trades and reducing frequency are imporant and often hard to implement.
     
    #37     Dec 29, 2008
  8. jane

    jane

    I pray your surgery went well and that you take time to recuperate fully. Am looking forward to see how you keep a trade journal - thanks
     
    #38     Dec 29, 2008
  9. You are really a DOUCHE!

    Brandon has given back plenty to this community, which is more that can be said for a human spellchecking cunt.

    I hope you are in good health Brandon.

    pollo
     
    #39     Dec 29, 2008
  10. Success isn't finding how to do it right. When your trading right you make money. Simple. Success is about finding and understanding what your doing wrong. Once you know what your doing wrong you can figure out how to do it right.

    Not as easy as it sounds.

    It will be easier if your very tough on yourself.
     
    #40     Dec 29, 2008