Every Time U Do The Same Mistake

Most Of The Losses We Incur In The Stock Trading Is Just The Repeatation Of The Previous Mistakes Which We Were Confirmed Of Not Repeating The Same Over Again,
But
What Happens Each Time And Every Time?

If We Have To Do Full Time Trading, Do We Have No Way Out In The Stock Trading But To Take The Very Same Decision Which Were Proved Dangerous Many A Times Before?????

Hello Abhi

Do you have a defined setup that you trade? Do you have a clear idea about what could be the win loss ratio of the trades if you were to use this pre-decided setup consistantly?

If the answer to the above questions is Yes...

Then the problem may be implementation, which comes from having doubts about, if the setup will work this time? Which again comes from having a wish/desire to do 100% winning trades and never one where we have to get out with a stop loss.

If the answer to the above questions is No...

Well, then friend you know the problem.

Maybe the starting point will be to make a List of the Mistakes and share it here for feedback.

Cheers
Sanjay

Would like to add to what SGM has written. This was discussed in Kolkata Meet and given to us by Saint :
Take the "I" out of your trades!!!!!!
Easier written than done but VERY important aspect.

once we start developing a system, when we start to see that we are not getting the expected output, then we get frustrated and when we see something very close , we get fixated and will try to rig the results by selectively altering the input. the formula is working fine for a index so we don't want to test it using any other data series

how many people in traderji have actually cum up with system tht is giving consistent results on each & every stock & in various markets over a wide range of timeframes...i think very very few...maybe rarest of the rarest.(the highly knowledgable ones)

out of which saints method is 1 which will stand out tall (thts wht i think) in every market condition bcos its a robust system..

i think u shud optimise ur indicators & backtest as per the stock or the index to get the desired results...but then its based on past data..
how do u forward test the stock especially in amibroker???

how do u forward test the stock especially in amibroker???[/QUOTE]

If you already knew the forward prices - you may not need to test your system

regards

m

If you already knew the forward prices - you may not need to test your system

regards

m[/QUOTE]


b4 u laugh first u shud find out wht is being discused rather than posting ur comments( anyways doesnt bother me whether u r laughing or smiling)
FORGOT TO MENTION MY POST WAS DIRECTED AT SANJAY.

practical words
btw list of mistakes/list of donchs are vital for any trader
and really there r some thing left after a long list of donchs
those fews r only profitable set ups....
n we r here in the market to practie those setups only day after day....
(may be to place again some of them to donch list when the market behaviour is changin)
n btw this setups r different from trader to trader.

Hello Vikram

Little bit of fun is ok, not to get upset about it.

Normally testing a system or a set of rules involves many things, if we are backtesting with the intention of optimizing rules, then only a part of data is used for that and rest is used to validate the optimized rules.

We also call it in-sample-data (one used to test/optimize the system) and out-of-sample data.

Forward testing is running the system live (with mock/paper trades or even actual trades with very small size).

Some may also consider the testing with out-of-sample data as forward testing.

The books/common trading litrature may say that a good system should work on all the timeframes and different markets, but I am not sure that should be a valid criteria. For me as long as it works on my choosen time frame with the instrument i trade and in current market condition, I would have the confidance to keep using it.

There are few other examples, but you are right about Saint's method of trading. SAINT has given us more than one system, (I can think of 5 variants) all of them are based on pivots and trend as defined by using pivots.

Vikram the question is how many are using what is available

Regards
Sanjay

Yes, and prefered timeframe / style of trading would also differ from trader to trader.

regards
Sanjay