Your trading New Year's resolutions?

Discussion in 'Trading' started by KCalhoun, Dec 27, 2020.

  1. themickey

    themickey

    And sometimes it does.
    My current method was born out of a formula experiment which I dumped, then revisited some weeks later because I thought, "hmmmm, that formula I dumped, let me look at it again".
    It had a faint trace of being workable.
    When I put it into practice, I straight out lost 10's of thousands of dollars over numerous trades.
    So, licking my wounds, stopped trading altogether everything for 6 weeks and just studied the fiasco algo, because somehow it still smelt of something there.
    Then I traded it again and it began to work.
    It took experience how to apply.
    The end result was I binned all my old methods, computers, coding, software, old ideas, everything.
    Most of my past theories tipped upside down.
    This in the past 2 years.
     
    #11     Dec 28, 2020
    KCalhoun and sef88 like this.
  2. KCalhoun

    KCalhoun

    I need to re-enter winning setups like ACY today, I bought early but trail stopped out way too soon, it ripped 6 to 30. Doh!
     
    #12     Dec 28, 2020
  3. sef88

    sef88

    Personally, I try to tap on well researched risk premia that is less likely to experience decay in performance e.g. trend following, volatility risk premium, all-weather etc. Then I add bells and whistles with risk management layer. Life is too short to lose money on investment and trading.
    With leftover cashflow, then I divert to more sophisticated strategies and lower timeframes that's more likely to experience strategy decay.
     
    #13     Dec 28, 2020
    KCalhoun likes this.
  4. John_09

    John_09

    For me, it is definitely going to be sticking more to my framed plan, not changing my moves at the end moment and other than that, not over trading.
     
    #14     Dec 30, 2020
    KCalhoun likes this.
  5. I will start trading on a daily timeframe.
     
    #15     Jan 20, 2021
  6. That is somewhat mine too. Overtrading can really take a toll on a trader’s mind. There should be some space for other things.
     
    #16     Jan 27, 2021
  7. maxinger

    maxinger

    completed.
    Time to set up next year's resolution.
     
    #17     Jan 27, 2021
  8. Dr_Trade

    Dr_Trade

    I have not decided on anything specific for this year but I will try to pick some untouched exotic pairs as after a pandemic every economy is recovering at a good pace. Also I will do some brainstorming in analyzing the trends of pairs in the past that will help me to make new strategies to invest.
     
    #18     Jan 27, 2021
  9. ironchef

    ironchef

    Catching more

    upload_2021-1-27_15-14-39.png
     
    #19     Jan 27, 2021
  10. navyelite

    navyelite

    My resolution is to work on how to choose my trading timeframe wisely.
     
    #20     Feb 9, 2021