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I'll join you in the full stat project in about 2 weeks (end of July). I'm traveling overseas next week, so it'll be a rough 2 weeks for me. When I get back (and get over my impending jet lag), I'll set up this stat setup to keep track of my manual trading. It will be interesting, and hopefully profitable.
Anyways, I'm trading at a higher timeframe because I can't stay in front of a computer often now. But I'm always one to learn new methods and try to improve my own trading. Most likely, I won't be able to trade this style of yours because of time, but I can go over it in the weekends and perhaps apply it to my longer term view. I feel we are trading very similar systems, except mine is on a higher time frame.
Can you please send me a PM or clarify what method you are using? It seems you started with a TRO kinetic type strategy, then changed it to a pullback into the MA type strategy. And can you explain why your trade size varies greatly, some are a magnitude of 10.
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Life is a Gamble. You win some. You lose some. And life goes on.
This is getting stupid easy. Today I jumped the gun on the first trade and then kept adding to it on a whim. I was down to 38k equity at one point and then it came right back and look, I ended up 15% gain for the day on a BS trade.
It is all about trading, not just the system. You have to trade it and use your margin wisely.
I will update later either today or tomorrow with some new thoughts and a template for those that follow. I am still looking for ANYONE willing to share their real trades with me and the world.
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Change everything till it works!!! Test, test, test... Click here to see my trading... http://letsgetreal.mt4stats.com
Why did you enter short in these vertical lines if the template you share, the indicators you share show long conditions most of the time?
I really appreciate the genious idea of your TS, but something is very wrong betwen the indicators plus templates you share here and the trades of your statement.
Kindly.
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"The greater our knowledge increases the more our ignorance unfolds."
All reasons why I now see this account way down. I could have closed out at 160k equity this morning but I still wanted more.
Greed. An ugly emotion. I have taken many dubious trades this week and I needed to get kicked in the ass.
Glad this is a demo account. If you are watching, then learn a lesson.
TAKE PROFITS WHEN THEY ARE THERE!!!
radatats,
YES, greed is an ugly emotion. It's wasn't that you were "unwilling to take a loss" rather it was and is your unwillingness to "take profits when they are there" and when price/market has reached exhaustion. Now, knowing, recognizing it and yes, learning a lesson from it is great: unfortunately will not be sufficient. APPLYING IT will be your key. You have a very good methodology, stay with it and don't "Change everything" just refine it and your way of executing it as in taking profit.
Let me leave you with this:
Quote:
“personal power is the ability to take action.” THE ULTIMATE KEY TO SUCCESS IS YOUR ABILITY TO MOTIVATE YOURSELF TO TAKE CONSISTENT ACTION AND CHANGE YOUR HABITUAL BEHAVIORS.
Linear Mode
