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My Trade Journal

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  #271  
Old 11th March 2017, 05:01 PM
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VJAY has a reputation beyond reputeVJAY has a reputation beyond reputeVJAY has a reputation beyond reputeVJAY has a reputation beyond repute
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Default Re: My Trade Journal

Trading plan shared by XRAY

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  #272  
Old 12th March 2017, 05:13 PM
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Default Re: My Trade Journal

Good post by vijay bro on RISK

Quote:
SIX TYPES OF RISK TO MANAGE IN TRADING

Trade risk.
The calculated risk you take on each individual trade is adjusted by changing your trade size. This is the only risk you can control. A good rule of thumb is to never risk more than 2 percent of the capital in your trading account on any one trade.

Market risk
.The inherent risk of being in the market is called market risk and we have absolutely no control over this type of risk.
Market risk may cause our carefully calculated trade risk to be much larger than anticipated.
Market risk can be far greater than trade risk.
For this reason it is best that you never trade with more than 10 percent of your net worth.
This type of risk encompasses catastrophic world events and market crashes that create complete paralysis in the markets.
Events causing market gaps in price against your trade are also considered to be market risk.

Margin risk.
This involves risk where you can lose more than the amount in your margined trading account. Because you are leveraged, you then owe the brokerage firm money if the trade goes against you.

Liquidity risk
If there are no buyers when you want to sell, you will experience the inconvenience of liquidity risk.
In addition to the inconvenience, this type of risk can b ecostly when the price is going straight down to zero and you are not able to get out.
Liquidity risk can be caused by or aggravated by a market risk event.

Overnight risk.
For swing/positional traders, overnight risk presents a concern in that what can happen overnight, when the markets are closed, can dramatically impact the value of their position. There is the potential to have a gap open at the opening bell where the price is miles away from where it closed the day before.
This gap possibility can negatively impact your account value.

Volatility risk.
A bumpy market may tend to stop you out of trades repeatedly, creating significant drawdown. Volatility risk occurs when your stop-loss exits are not in alignment with the market and are not able to breathe with current price fluctuations.
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  #273  
Old 13th March 2017, 08:32 PM
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Default Re: My Trade Journal

Nice quote about tomorrows market open
Quote:
“You have no control over what’s going to happen in the markets, but you have complete control over your reactions to them.”- Ben Carlson
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  #274  
Old 17th March 2017, 01:01 PM
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Default Re: My Trade Journal

About BACKTEST by Xray...

Quote:
Bact test !!!

1.Always backtest a given logic with keen interest and accuracy,backtesting cannot be done with just at a glance or roughly

2.Test at least 90 trades

3.Write draw down and arrange your capital according to that

4 Accuracy should be at least 50 % if not it will cause mental pressure to trade
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  #275  
Old 19th March 2017, 05:05 PM
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Default Re: My Trade Journal

Post about Stoploss by Varunji

Quote:
Always treat Stop losses as a mother, give her respect and you would always be showered with love and blessings (Profits). They (SL's) are there to help you. It is the markets way of telling you that you were wrong in your reading and now you should get out of trade. Never never never fight the market. No revenge trades.
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  #276  
Old 19th March 2017, 07:00 PM
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Default Re: My Trade Journal

A great quote shared by Tuna

Quote:
" Trading is a Business where no one wants to grow slowly, that is why no body grows " ~ Tom Dante.
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  #277  
Old 19th March 2017, 07:10 PM
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Default Re: My Trade Journal

One of the real post by madan's pointers to a trader who lost in big way

Quote:
1. Taking ownership of losses - No one is responsible for our losses except us. Not the market, not the system, not the people who gave us the money to trade. We have to realize that we were wrong, we had taken too much risk, and we were employing trading methods that did not work. Period. No point in blaming outside "manipulators" of markets or bad luck; We, as traders, need to accept that we have completely and utterly made a hash of things (really no choice..this is not the luxury we can afford). In a job scenario, we can blame others and get away with it but not in trading.

2. Stop trading right away - a trader might not like to hear it but this is absolutely necessary.

Take the time to process what had happened, figure out what was done wrong, and make radical changes in the approach to markets.
Jumping from one system to another will not cut it. Optimizing the system based on last 6 month of mkt performance would not cut it. Just a small time-based break would soothe off the mind a bit..Most of the times, this should be enough to come back as a different trader.

3. Refocus and relearn - Use the time away from trading to work on other aspects of your life and career. Create alternate streams of income so that one doesn't depend on trading income alone. 'Depending on trading income' in the initial stages of trading is probably the biggest sin in trading.

Trader should try to focus on building the self-image with other aspects of life not just with trading.In doing that, he can remain opportunity-focused and not regret-focused. Please stay focused on what you could control, not on what you couldn't;

4. See the setback as an opportunity to bounce back - I am sure the loss was very painful .Make sure that you would never go through such an episode again. Try to create a new balance between trading and the rest of your life so that you would never be dependent upon trading results for your happiness and fulfillment.

5. Handling depression - a trader need to figure out how to handle depression..more so, a losing trader. It is better to handle it heads on than brushing the episode aside and continuing to lose money in a state of denial.

Depressed feelings are a normal response to loss: the loss of money, the loss of dreams. Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. So, please stay positive.

6. Get out of need to make money mindset - If a trader gets attached to the need to trade and make money--and once his perfectionistic voice of "I should have bought there" and "I should have sold here" in hindsight kicks in --he is no longer grounded in markets. It's when those frustrations build over time, becoming self-reinforcing, that traders lose discipline and focus and eventually perish. Mental rehearsals would help in these cases.

Please have a look at my recent comment on Zerodha's blog about mental rehearsals

http://zerodha.com/z-connect/zerodha...s#comment-7632

By staying physically relaxed in one's breathing and posture and by mentally rehearsing a mindset in which it is OK to miss moves--there will always be future opportunity--traders can prevent many of these train wrecks.

7. Trading too large for our account size -

Swing in the equity curve almost always is proportional to the negative effect on trader's psyche. Higher the swing, higher the negative effect on pysche and the vice-versa.

When we trade size that is too large for our account size, we subject ourselves to drastic swings in P/L, and that subjects us to drastic swings in mood. In turn, we then make trading mistakes that bring a negative expectancy to each trade, and the size eventually blows us up.

As they say, in trading, if we create drama in your returns, we'll create trauma--and that's how trading careers end.

8. Understand failure - Knowing the worst-case outcome if this trade happens to fail can reduce the fear inflicted by a previous failure from an unseen event. Black swan events aren’t common, so it’s not reasonable to fear them every time you approach a setup. Weigh the potential for loss, and if it’s outweighed by the potential for gain, the probabilities are favorable enough to participate.

9. Psychologically, it's healthy to experience defeat and then overcome it. - It strengthens you to battle back and win. If you lose the wrong way--by taking so much risk that you can't come back for the day, week, month, or year--you rob yourself of the victory that could be yours by going from red to green.

10. Make a choice to move forward - All of us have the ability to choose, whether it’s our career or our spouse or our attitude. Maybe your fear somehow gives you comfort right now, because it’s been a habit you’ve allowed. That won’t cut it though, so it’s time to change. Eventually, you either decide to get back on the right path, or you’re completely done trading. Make your choice and get on with it—and don’t look back.
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  #278  
Old 19th March 2017, 07:52 PM
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  #279  
Old 21st March 2017, 05:22 PM
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Default Re: My Trade Journal

Copy pasted from FB...but how correct it is ?
Quote:
STK MKT RELATED SOME QSTNS COMES IN MY MIND :-
1) R we ever think to know the proper sequence of putting orders for a trader other than
These sequence :-
i) Buy order, SL then sell order or sell order, SL then buy order.
2) R we ever think of how to bring our order ahead of other orders put by others in same price even we are v late to put orders ?
3) R we ever want to know how to know what will be the exact price of the stks (some stks) in T+2 days ?
4) R we ever think how to identify some stks which will be move in particular time of that day and for what reason ?
5) R we ever think of how to book max profit even more than the that stk’s actual rise ?
6) If we are puzzle about the direction of movement of the stks than how we will be examine the direction along with putting orders ?
If U are not thinking about it than there is not much difference between U and me because I am only thinks but I hv no ans for all of above qtns. We are always habituated with great words like CHART, SUPPORT LEVEL/RESISTANCE, FUNDAMENTAL/TECHNICAL, ALPHA/BETA/GAMA, NEWS, TIPS, OPERATOR BASE CALLS etc. and ignores small basic things.
Hope we are capable of find out all ans for above qtns.
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  #280  
Old 21st March 2017, 05:27 PM
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Default Re: My Trade Journal

Never chase a signal. Never. There will always be another day, another market. If you miss a move, so what?
~ Peter Brandt‏
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