General Trading Chat

Any good articles/links on concepts of these backtesting - bar testing versus AFL

Consider a dummy here for your answer

Yes Subhadip,most traders are like small kids...when they see a new toy they get attracted to it...play with it for few minutes and when we see another toy,we discard the earlier one and go to the new toy. This process continues.

M A system posted by you is very easy to follow.But on a good day when I hear about people making trading losses one wonders whether they follow any system.

Smart_trade

11 simple rules of trading.
https://www.linkedin.com/pulse/11-simple-rules-trading-chetan-potdar?trk=pulse_spock-articles

1. Trade with the trend, in the direction of the trend.Always.

2. Cut your losses, let profits run. Always use and trail your stop losses.

3. Trade free of expectations of being right or wrong. If wrong, accept your mistakes immediately and change your opinion and trade.

4. Synchronize your mind to the truth of the market. Market is price and price is god. Market is always right – accept it.

5. The degree to which ‘you think you know’, ‘assume you know’, equal’s to the degree you will fail as a trader. Your assumptions and knowledge is in proportion to your results and account quality.

6. Markets are most random. Include randomness in your trading plan. Believe in uncertainty (The market can do anything).

7. Don’t predict the future because no one can! Nothing creates more misery and unhappiness than unfulfilled expectations.

8. Don’t trade with fear or overconfidence. If you have fear OR overconfidence, there is a gap in your knowledge or trading plan.Always be ready to learn more and more...

9. Be rigid with rules, flexible with your targets.

10. Only focus on opportunities that provide an edge. Figure out what’s your edge? What makes you so better in the markets than others?

11. Rule no 1 – Never loose money. Do everything which will have lower risk and higher return. Work your risk / reward ratio.

Do you really need a mentor or a coach? The best golfer in the world thinks so! Tiger Woods pays his coach over 1 million dollars per year! Yet he makes over 50
million dollars per year. In fact, all professional athletes have coaches to help make them better. The reason you choose to spend the money on coaching is to
shorten that learning curve over which all traders have to travel, while increasing your levels of success; it is a cost of doing business. Remember if you are or want
to be a professional trader you are in a business.

for small traders ST sir or senior traders are GURU

Right sir...

Subhadeep sir, haven't seen many posts from you lately, are you busy elsewhere?
Missing your inputs.

What kind of input u need?

Already almost everything there to trade very successfully.. just follow MA method for two month...u will understand what I am saying.

I am silent..but watching

Atleast by watching Raj Sir's sheet , I should have carried my shorts overnight.

it gapped down way below -2SD2 ...infact at -3SD2 ... so exited positional aggressively ....now waiting for clear pvt to short ....but there is a good likelyhood that this will intitially go sideways until -1SD2 comes down to meet price or it may pb to -1SD2.

ur charts are fascinating for me..