Notice :::: Please Consider Mix of few trading system(trading in more accounts)
as NR setups or Gann Angles
Well, I already said that i Started off as a gambler, even today i take some tukka trades and get paid good.....Do Not Ask how much I looose?:rofl:......
My loosing reasons were many ...like terminal, broker,electricity,heavy brokerage, brokers operator mistake, my stupid decisions, holding onto loosing positions and not getting OUT on time coz of my greed, switching between systems, not doing proper work on system and just jumping on them, tried to pick bottom or top..... initially this were my excuse when i turned serious trader ..most of them happened in realtime ...many times.....ohhhh my list is very long for looser....
...but very short for winners.....my first of huge winner came as accident when i was long on nifty and infosys call,coz of some ema crossover, due to some work i had to leave the city and was without any communication...when i returned my both position were tripled(result was result season).....i repeated the same thing many time ...please please do not ask how many times i lost in catching such trades...:lol:....coz i lost count of it:rofl:....huge success was bcoz of emotional disconnect from the position i was holding, could have gone other way...was just lucky to be on the right side.
now the main reason for this thread is....which indicator ot system gives consistent result...
I traded crossovers....got good results...whipsawed a lot
I traded fibo/volatity/camrilla with some other indicator...worked well but could not muster enough courage to continue with big stop loss....as some trades really needs big stop losses ..else u r cut off from winning position...
Traded ichimocu....was successful...but i could not master it...
Traded price action with Fibonacci for exit....need some work
traded option strategy with come hedges....traded calender spreads, condors, straddles,strangles....works good only cloud of my decision making makes the difference....successful
if we thing seriously and work seriously everything works and everything fails....
for me holly grail is manage risk ,do position sizing properly according to your account, identify few different strategies that best fitted for your personality(based on different market types and trade together)...in my case more strategies covers risk effectively, i concentrate more on other strategies that need more concern when market is against me..
Do i succeed...?...There is no holy grail....i call it
as i survived for many years and get all the expenses covered with some good perks...still learning to be consistent or getting on green side every month or quarter..
what is holy grail for me could be a worst nightmare for others...
This will not help get money or get winning trades but would definitely help u from loosing money ,loosing opportunity strike on time
Be business man Not a gambler...
as NR setups or Gann Angles
Well, I already said that i Started off as a gambler, even today i take some tukka trades and get paid good.....Do Not Ask how much I looose?:rofl:......
My loosing reasons were many ...like terminal, broker,electricity,heavy brokerage, brokers operator mistake, my stupid decisions, holding onto loosing positions and not getting OUT on time coz of my greed, switching between systems, not doing proper work on system and just jumping on them, tried to pick bottom or top..... initially this were my excuse when i turned serious trader ..most of them happened in realtime ...many times.....ohhhh my list is very long for looser....
...but very short for winners.....my first of huge winner came as accident when i was long on nifty and infosys call,coz of some ema crossover, due to some work i had to leave the city and was without any communication...when i returned my both position were tripled(result was result season).....i repeated the same thing many time ...please please do not ask how many times i lost in catching such trades...:lol:....coz i lost count of it:rofl:....huge success was bcoz of emotional disconnect from the position i was holding, could have gone other way...was just lucky to be on the right side.
now the main reason for this thread is....which indicator ot system gives consistent result...
I traded crossovers....got good results...whipsawed a lot
I traded fibo/volatity/camrilla with some other indicator...worked well but could not muster enough courage to continue with big stop loss....as some trades really needs big stop losses ..else u r cut off from winning position...
Traded ichimocu....was successful...but i could not master it...
Traded price action with Fibonacci for exit....need some work
traded option strategy with come hedges....traded calender spreads, condors, straddles,strangles....works good only cloud of my decision making makes the difference....successful
if we thing seriously and work seriously everything works and everything fails....
for me holly grail is manage risk ,do position sizing properly according to your account, identify few different strategies that best fitted for your personality(based on different market types and trade together)...in my case more strategies covers risk effectively, i concentrate more on other strategies that need more concern when market is against me..
Do i succeed...?...There is no holy grail....i call it
as i survived for many years and get all the expenses covered with some good perks...still learning to be consistent or getting on green side every month or quarter..
what is holy grail for me could be a worst nightmare for others...
.......... Advice...........
This will not help get money or get winning trades but would definitely help u from loosing money ,loosing opportunity strike on time
- Do not follow general trading instincts at start, prepare yourself, educate yourself, find a mentor if not possible find mentor (forums)
- User good computer with excellent performance capability(high config for futures use and its good to have for peak times
- use good internet (use 2 isp)
- use good mobile handy with brokers app and all possible no.
- use more than one broker with same terminal or different.(Use many brokers with different terminal software)...
- Follow Ur system, backtest ur system (manually as well), if possible use Monte Carlo or consider multiple losing streak of system
- Do paper trade and do incubation for some time(for me incubation is minimum 6 months).
- If possible trade with just one lot for few months and check whether u are performing as per ur system...do not increase ur position size till u master ur system trades.
- with position sizing even average system looks like excellent on paper but in reality trading them likewise is very courageously outrageous thing.
Be business man Not a gambler...
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