Yes you are right I
2011: Rebuilding My Battered Account
- Thread starter neke
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Yes you are right I
what happens?
11-08-29 you said one thing and now 11-09-03 you appeared to change your mind....
not that it matters much one way or the other....
whichever method that you find easier to bring in bread and butter.... would in my opinion.... be the best trading method for that trader....
cheers....
Weekly Update for week 35/50 ended 9/10/2011
Negative week, down 5K (2%). Lacklustre week overall, with nothing big setting up. One attempt at a new strategy cost me 5K. Other than that, all was quiet.
Negative week, down 5K (2%). Lacklustre week overall, with nothing big setting up. One attempt at a new strategy cost me 5K. Other than that, all was quiet.
Code:
Opening Balance: 213,426
Net loss for the week 5,001
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Net Balance: 208,425
Number of Trades 5
Number of Profitable Trades 2
Since Inception of Thread 01/8/2011 - 9/10/2011
Opening Balance: 335,899
Net loss (Less Margin Interest) 127,474 (Down 38%)
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Net Balance 208,425
Number of Trades 682
Number of Profitable Trades 360weeks ago, poster was asked for other absolute essentials in trading, such as, trading plan, stats, strategies and reward/risk management; but it appears poster and other readers were content and were in support of his/her way of reporting his trade.... which to a majority of traders who are more into trading and profitability.... prefer to see other essentials of trading than just the profit or loss which in and of itself is rather meaningless for those who are more interested in which, when, how and what he/she trades.... than just the profit or loss reporting....
anyway, he/she is the absolute master/mistress of the vessel, so no more comment from my humble self here....
do not advise him/her to give away the balance as yet, he/she might in a couple of months come across something that might make everything in the repertoire clicks together.
for many old timers, the dollar amount at the end of days is absolutely not the most important achievement, rather.... the methods of achieving the the profitability is more crucial.... 'cause if the setup is right.... profit will always be there awaiting....
that said, most striving traders would rather report dollar amount made than anything else.... to crown their successes and achievements.... for the day....
cheers and happy trading everyone....
Implementing new strategies during a time of drawdown is not a way to get the equity curve growing. You should never loose 5k on a new strat if sized appropriately. Stop trading for now, review your trades that have caused the drawdown, and get back to basics. When you start back, have a risk management plan that works. Home runs do not and never will make a successful trader.
do you think the trader concerned would ever listen to you or anyone else with practical suggestions to improve trading toward profitability?
we'll just hold our breath and wait.... alright?
that is a very good and practical suggestion.... hope many in similar situation would just halt their trading for the time being and reexamine their setup et al.... which as you suggested, would also help the situation immensely....
but are we holding your breath?....
Neke,
High volatility and you losing money, my friend, take a step back, you don't know what the hell you are doing.
Whatever you did in the past, call it luck, easier times to make money do not come.
Mean no disrespect just trying to be an eye opener.
Crazy A
High volatility and you losing money, my friend, take a step back, you don't know what the hell you are doing.
Whatever you did in the past, call it luck, easier times to make money do not come.
Mean no disrespect just trying to be an eye opener.
Crazy A
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