My Journey In Technical Analysis

[TraderRavi]

10 Bad Habits of Unprofitable Traders:

Unprofitable traders tend to be trend fighters, always wanting to try to call tops and bottoms. They eventually will be right, but their account will likely be too small by then to really profit from the reversal. Money is made by going with the flow of the river, not paddling upstream against it.



Source : Steve Burns (NewTraderU.com)

This is me

 

[XRAY27]

This is me

Hmm!!! you know the problem,what steps you are taking to come out of it ,gives you answer??...

some points of reality in trading...

1.No body earned from searching top and bottoms,all the theories have failed statistically...

2.Trend only can be maked from middle and moves can be locked my trailing stop loss...you will have low striking with DD...but RR is whole thing which we can bat on..reality is not accepted so people won't stop searching for high strike rate with higher RR

3.Making a trading system answers all issues ,but following that, countering noise from out side needs practice, which many fail

 

[afin]

10 Bad Habits of Unprofitable Traders:

Unprofitable traders tend to be trend fighters, always wanting to try to call tops and bottoms. They eventually will be right, but their account will likely be too small by then to really profit from the reversal. Money is made by going with the flow of the river, not paddling upstream against it.

Unprofitable traders watch CNBC for trading ideas.

Source : Steve Burns (NewTraderU.com)

Add one more to that list please - running commentary all the time on how stocks were captured & sold at profits. Like all the time!

 

[afin]

x
duplicated

 

[XRAY27]

Bill Eckhardt words

"If you make a bad trade, you have money management, you have a whole bunch of things that will come to your aid, and you’re really not in so much trouble if you make a bad trade. But if you miss a good trade there’s really nowhere to turn. If you miss good trades with any regularity you’re finished, you’re doomed in this game"

 

[XRAY27]

Trend trader skills as summed up by Steve Burns

1. Ability to build a profitable trading system.

2. Ability to follow the system with discipline.

3. The self control to follow proper position sizing.

4. The perseverance to keep going after draw downs in capital.

Mostly fail at 3 and 4...net result... running after new systems and ideas..

 

[XRAY27]

Stats for Dec series

Intra(BNF)

Total no of trades 18 , profitable 6 ,loss trades 12 , loss 264 points

Swing :
5 trades in BNF 221 points profit ,2 successful and 3 failures ,positional only one trade 668 points profit,NF 78 points profit in swing 4 trades 2 profit 2 loss..positional only 1 with 225 points profit...another month of loss in intra.

Stopped BNF weekly option trading because of trade management issue with 2 intra positions from this dec series

 

[Happy_Singh]

Hello

Can you back test with your data of old trades, this concept

Trade intraday with BNF weekly options only for Wednesday & Thursday
Rest of the 3 days use BN futures for intraday trades

.

 

[XRAY27]

Hello

Can you back test with your data of old trades, this concept

Trade intraday with BNF weekly options only for Wednesday & Thursday
Rest of the 3 days use BN futures for intraday trades

.

Happy !!!

Significant contribution was on non expiry days other then Wednesday & Thursday , but they are not turning out to be profit eaters,Below is wed and thursday results net of costs

 

[XRAY27]

Consecutive Loss months of Nov and Dec series in intra segment

made me to scale down qty as per FRMM, just rised qty in this FEB series after good performance of Jan series , swing/positional segment qty scaling is limited due to lackluster performance