Path to Consistency

XRAY27

Well-Known Member
#21
In TJ, still so many threads..like BEST Trading system, Best Day trading system,

like that..

@ to All: are we following one trading system, which is well back tested & have an edge?

If yes, then why we are changing one system to another...

If we are not changing: then my question is are we consistent?

If we are not consistent: what do we have to do for the same to achieve?

Subhadip bhai !!!

To answer your query !!! below is the post of ST da !!!

New week is starting,so let there be business as usual in this thread.

Trader should be like a honeybee....there are many flowers in the garden,honeybee collects honey from many flowers and blends by further processing it,similarly trader should pickup good points from other traders and methods and work on it to blend into his own method, to suit his mindset, for trading success.

There is no 100% success method,each method will have its winning and losing trades ,so if one can pickup good points from this thread,adds to his method and trades successfully,Varunji will feel very happy.He himself has said many times that people should add their inputs to make it more useful.

I am sure Varunji will learn the art of "selective ignoring" :D He can answer questions which he feels adds to understanding of people.He has no obligation to answer every question.Let us go easy on questions and avoid repeated questions and criticism in any form....let us be positive and learn maximum from this method.

Looking forward to seeing good action in this thread again.

Smart_trade

You opened a thread "Lets double money 40"- how many times have you done this ??? :D..

People not only go to other methods for betterment ,so called method may be difficult, or execution is not possible , or too many if and buts..we cannot blame traders nor teacher..
 
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Subhadip

Well-Known Member
#22
Subhadip bhai !!!

To answer your query !!! below is the post of ST da !!!




You opened a thread "Lets double money 40"- how many times have done this ??? :D..

People not only go to other methods for betterment ,so called method may be difficult, or execution is not possible , or too many if and buts..we cannot blame traders nor teacher..
Exactly that is my point.....it is very easy to make 1 lakh to 2 lakh, but very very difficult to do the same thing from 25 lakh to 50 lakh.

Then the system you are doing in 1 lakh or 2 L can not be done.

Why can't be done if he was doing it???

Due to our emotion.

So then the trading path has to be changed.

So then we have to go for Consistency, then go for Compounding.

I am not criticizing any one. Just my experience sharing & just following my path.

That is all.

Sometime we have to change according to situation.
 

XRAY27

Well-Known Member
#24
Exactly that is my point.....it is very easy to make 1 lakh to 2 lakh, but very very difficult to do the same thing from 25 lakh to 50 lakh.

Then the system you are doing in 1 lakh or 2 L can not be done.

Why can't be done if he was doing it???

Due to our emotion.

So then the trading path has to be changed.

So then we have to go for Consistency, then go for Compounding.

I am not criticizing any one. Just my experience sharing & just following my path.

That is all.

Sometime we have to change according to situation.
Thanks subhadip for starting a thread on consistency and compounding,atleast people will understand this terms in better way !!!
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#25
Exactly that is my point.....it is very easy to make 1 lakh to 2 lakh, but very very difficult to do the same thing from 25 lakh to 50 lakh.

Then the system you are doing in 1 lakh or 2 L can not be done.

Why can't be done if he was doing it???

Due to our emotion.


....
Nailed it !! This is it.
 

Subhadip

Well-Known Member
#26
Nailed it !! This is it.
Well at least I can't do it.... some may or should have already done it...

Very difficult to handle emotion.

It is one of the most important reason of failing of traders (95%).
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#27
Well at least I can't do it.... some may or should have already done it...

Very difficult to handle emotion.

It is one of the most important reason of failing of traders (95%).
Guess, I owe some clarification - >

What I meant by that - your "post" nailed the concept of trading successfully and profitably, did not imply you nailed it (though I am sure you are very profitable)

About me on same topic (Handling Emotion) - long way to go, my posts normally shows my emotion clearly, but the entry and exit (except few) are normally my target driven (Z Factor) - and my trade size never goes through the roof even if I have enough margins. I hate extra leverage. That's cools it off for me substantially. Yes, have learnt this the hard way.

This how exactly I had learnt it. In fact I am doing a replay of same on side trades just show this is possible (on my Nifty 2017 trade)

My Trading Concept # 6

The Trading Edge


Edge 1:

The key edge that I feel I have - I know how to disconnect my emotion from my trade (there are times when I violated this, and I failed miserably, not because setup was wrong, but because I panicked).

And I do it by my position size.


I know it may sound very silly and naive ......
 

pannet1

Well-Known Member
#28
i did not even travel near the land you are talking about. There are two ideas, both are in tricking the mind.

1) If we design our systems in a such way we cannot see money but only points and return % (including open positions)

2) if we have a system in which you never close a loosing trade. Assuming you have a hedge and you some kind of double the winning side.

The 2) mentioned above really worked for me. But i am a very small capital. I dont think it will not work when it becomes big. Getting the fills may be difficult but its a different thing.
 

vijkris

Learner and Follower
#29
Guess, I owe some clarification - >

What I meant by that - your "post" nailed the concept of trading successfully and profitably, did not imply you nailed it (though I am sure you are very profitable)

About me on same topic (Handling Emotion) - long way to go, my posts normally shows my emotion clearly, but the entry and exit (except few) are normally my target driven (Z Factor) - and my trade size never goes through the roof even if I have enough margins. I hate extra leverage. That's cools it off for me substantially. Yes, have learnt this the hard way.
Ya your recent 3 emotional posts (in another thread) shows that tonight u wont be able to sleep. :D:D :p
 

Subhadip

Well-Known Member
#30
Guess, I owe some clarification - >

What I meant by that - your "post" nailed the concept of trading successfully and profitably, did not imply you nailed it (though I am sure you are very profitable)

About me on same topic (Handling Emotion) - long way to go, my posts normally shows my emotion clearly, but the entry and exit (except few) are normally my target driven (Z Factor) - and my trade size never goes through the roof even if I have enough margins. I hate extra leverage. That's cools it off for me substantially. Yes, have learnt this the hard way.

This how exactly I had learnt it. In fact I am doing a replay of same on side trades just show this is possible (on my Nifty 2017 trade)
One day u will surely understand what I am telling my dear friend.

There is nothing called EMOTIONLESS trading. We r HUMAN.
 

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