Learn How To Fish
- Thread starter VJAY
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Post by xray...
The four trading fears
95% of the trading errors you are likely to make will stem from your attitudes about being
1.Wrong
2.Losing money
3.Missing out
4.Leaving money on the table
Main factor for this psychological trauma is discretionary trading or Mechanical system which is not properly tested
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The four trading fears
95% of the trading errors you are likely to make will stem from your attitudes about being
1.Wrong
2.Losing money
3.Missing out
4.Leaving money on the table
Main factor for this psychological trauma is discretionary trading or Mechanical system which is not properly tested
Sent from my ASUS_X00TD using Tapatalk
By Madan
‘Professional traders attitude’ can be abbreviated as FEDCOP
Focused (on the trade only)
Emotionally Stable (treat winning and losing the same)
Disciplined (in trade management)
Confident (in methodology & risk management)
Objective (Unbiased)
Patient (to wait for the opportunity & to maximize profit)
Winning’ is just the culmination of lessons learned by making our own mistakes – not from other people’s mistakes-Madan
Sent from my ASUS_X00TD using Tapatalk
‘Professional traders attitude’ can be abbreviated as FEDCOP
Focused (on the trade only)
Emotionally Stable (treat winning and losing the same)
Disciplined (in trade management)
Confident (in methodology & risk management)
Objective (Unbiased)
Patient (to wait for the opportunity & to maximize profit)
Winning’ is just the culmination of lessons learned by making our own mistakes – not from other people’s mistakes-Madan
Sent from my ASUS_X00TD using Tapatalk
Nice post by xray about drawdowns
A broad definition of drawdown could be the largest loss or the largest losing streak of a trading system, whichever is the biggest
In fact it is important to distinguish between three different types of drawdown:
1. An end trade drawdown tells us how much of the open profit we had to give back before we were allowed to exit a specific trade
2. A close trade drawdown is the difference between the entry and the exit price without taking into consideration what is going on within the trade
3. A start trade drawdown measures how much the trade went against us after the entry and before it started to go our way.
Source:Trading systems by Emilio Tomasini & Urban Jaekle
Seen excellent improvement in ISL after following above points
Sent from my iPad using Tapatalk
Sent from my ASUS_X00TD using Tapatalk
A broad definition of drawdown could be the largest loss or the largest losing streak of a trading system, whichever is the biggest
In fact it is important to distinguish between three different types of drawdown:
1. An end trade drawdown tells us how much of the open profit we had to give back before we were allowed to exit a specific trade
2. A close trade drawdown is the difference between the entry and the exit price without taking into consideration what is going on within the trade
3. A start trade drawdown measures how much the trade went against us after the entry and before it started to go our way.
Source:Trading systems by Emilio Tomasini & Urban Jaekle
Seen excellent improvement in ISL after following above points
Sent from my iPad using Tapatalk
Sent from my ASUS_X00TD using Tapatalk
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