General Trading Chat

We came a long way in terms of reforms and development front too in last 1 year.

Smart_trade

Yup, up 10-9% y-o-y. Earnings are a no show tho. Wonder where are we headed post Fed meeting.

Hi ST Da & other senior traders
I am fix in some confusion..I have tested some Price action setups on 18 month of data of nifty-future..I didnt do hindsight backtesting but bar by bar replay..it gave fabuolous results..& from june-2016, i traded Live with real money..it gave 8R,5R & 12 R in last 3 monthes till august..But from last 3 weeks of september it gives -6,+1,-1 R..it makes me worried & I stopped trading this week..
My setups are price action setups..entry & exits are objective..18 monthes data should cover all kind of markets & it showed fabulous result..but there is a big disprency & difference in actual results..
Right now, It shaken my confidence & it damaged my psychology..if after, bar replay on 18 monthes data doesnt prove success..If after so much hard work, still I am not confident ..so now what to do? how do I make confident on my method..?If I put big money on some month & that kind of results will happen..it will wipe out my all previous profits??
My entries are right most of the time but exit is still problem for me..
My health is not supporting me nowadays but I with my will power, I am continuing doig hardwork but sometimes I really get frustated & hopeless..please show me the path
thanks

Any method will have few tough months because markets are not same in all the months.

Take care of your health...markets can wait.

Smart_trade

Hi ST Da & other senior traders
I am fix in some confusion..I have tested some Price action setups on 18 month of data of nifty-future..I didnt do hindsight backtesting but bar by bar replay..it gave fabuolous results..& from june-2016, i traded Live with real money..it gave 8R,5R & 12 R in last 3 monthes till august..But from last 3 weeks of september it gives -6,+1,-1 R..it makes me worried & I stopped trading this week..
My setups are price action setups..entry & exits are objective..18 monthes data should cover all kind of markets & it showed fabulous result..but there is a big disprency & difference in actual results..
Right now, It shaken my confidence & it damaged my psychology..if after, bar replay on 18 monthes data doesnt prove success..If after so much hard work, still I am not confident ..so now what to do? how do I make confident on my method..?If I put big money on some month & that kind of results will happen..it will wipe out my all previous profits??
My entries are right most of the time but exit is still problem for me..
My health is not supporting me nowadays but I with my will power, I am continuing doig hardwork but sometimes I really get frustated & hopeless..please show me the path
thanks

Hi ST Da & other senior traders
I am fix in some confusion..I have tested some Price action setups on 18 month of data of nifty-future..I didnt do hindsight backtesting but bar by bar replay..it gave fabuolous results..& from june-2016, i traded Live with real money..it gave 8R,5R & 12 R in last 3 monthes till august..But from last 3 weeks of september it gives -6,+1,-1 R..it makes me worried & I stopped trading this week..
My setups are price action setups..entry & exits are objective..18 monthes data should cover all kind of markets & it showed fabulous result..but there is a big disprency & difference in actual results..
Right now, It shaken my confidence & it damaged my psychology..if after, bar replay on 18 monthes data doesnt prove success..If after so much hard work, still I am not confident ..so now what to do? how do I make confident on my method..?If I put big money on some month & that kind of results will happen..it will wipe out my all previous profits??
My entries are right most of the time but exit is still problem for me..
My health is not supporting me nowadays but I with my will power, I am continuing doig hardwork but sometimes I really get frustated & hopeless..please show me the path
thanks

Any trader (Price action or indicators followers) should know when there is stalemate in other words when there is no trend ,just keep quite ,if you still put your finger then it will call checkmate ,just keep your trading plan and follow it ,opportunities will come !!!

Don't put ambiguity in trading plan..price action setups often brings us in to this ...

Never neglect your health my dear NT bhai !!!