rajesheck : do you have an equity curve so that we can appreciate your philosophy in regards to your results?
You need the skills to know what does work and how to manage risk, not like reading back of a cereal box or finding the prize in Cracker Jack. But you right, harder part is trading it as you made the system. And if you find a system to trade, you need the skills to change it when it is not working well and the knowledge of knowing it needs to be adjusted, this is one of the biggest reasons most should never buy systems, lack of knowledge of how to adapt them to different environment.
I suggest to review my momentum based strategy https://www.elitetrader.com/et/threads/principle-based-day-trading-strategies.304974/
your thread was starte start of december: how long have you traded it? is there any equity curve since the moment you've started trading it? Just in passing, I am not seeking any trading strategies. Just curious about how a given philosophy shows up in trading results.
Interesting question indeed. The philosophy of saving the investment while trading is something like treating money as our own blood and investing as putting our energy into some productive activity. We have to 'literally' i mean literally feel for a small loss like losing our few drops of blood. This is not logic but a personality. All business people are like this only. If you doubt what i say please interview with a few businessmen. They will agree what say about the blood drops concept. I adopted this personality slowly then found the moment strategy is sensitive enough to this philosophy. This momentum strategy worked great for equities. I gained profits for two years. Initially i thought this is suitable only for equities. Later i tried to adopt my strategy with index futures with some tweeking. It seemed to work well there. Then i tried with index options. Things became tougher but i realised more scope for profits in options. So i worked to adopt the strategy to options. It finally worked for past one year. One challenge with equity is i have to screen multiple scripts live for volatility. Its very hard. Index relieved me from that tremendous burden. And options is more profitable.
You are lucky to have gone into trading, after I assume a kind of "conservative" business. Just curious: why not milk it for all its worth on equities - including equities options - instead of moving to other instruments?
As i said equities screening is real teadous job. And equity options volumes are very poor compared to index options volume and not suitable for momentum strategy. The X% is 1.0 for equities in my strategy.