Fully Agreed Time and again we have to document those exceptions as well. They form the entry/exit rules. Some of the regular exit rules are: 1. Stoploss 2. low Volume 3. Huge price breakout 4. Considerable change in pending orders 5. Timing, etc., This habbit of documenting preserves our experience and money
Glad you have Blue prints, but when markets change, you NEED to have different Blue Prints cause if you are dissecting tells me you don't know what you are doing. Just dissect price after/pre markets to know the answers before the questions of when markets are open.. Keep going !!!
Agree. I do have different Blue Prints for market change...its not always clear which is the most optimal to choose though...dissecting is merely "which DIFFERENT blue print" under this type of market change is going to be best at this time. Sometimes I forward test for awhile to draw my conclusion. It can't be exact every/all the time...I wish it was. I do agree this must be done before going into battle. I've been doing this since 1994...that's a lot of documentation/blue prints.
I believe intraday strategies are much simpler than positional Intraday is like an atom. Positional trading is like compound. Its far easy and quick to learn intraday than positional. The biggest problem with positional is gap ups and gap downs which kills the risk reward ratio by jumping over the stoploss. Thats too bad for a trader.
All I do is intraday (except retirement accts.). Over the years I've become hypersensitive to the slightest change in volatility...the only way I can achieve high win rate. In that respect, my methodology has complexity to it. If simplicity is working for you...good job...don't change it!
Failed traders come there : Either to tell how successful they are and be praised. Or to learn from other "successful" traders and praise them. I am out.
I am actually super hyper sensitive to losses too So i stick to edge, include exceptions and leave it to risk reward ratio. That makes my life a bit simpler as a trader!
Why are you leaving? You showed how big a failure you are. You should stay as you say that failed traders come here.