Well,I started the thread with a request for serious answers, but if you hve already started, I have plenty of social skills and plenty of common sense. So it appears your comment is a projection of who YOU are not me. And too high for what? So many things wrong with what you say wrote...so, it's like too ignorant to know you're ignorant.
Advice
- Thread starter mistermaster
- Start date
the only way people get rich is by others getting poor.
unless you are printing currency notes
that is ridiculous statement: discipline should be a part of your fantastic system; if not it is not a fantastic system.
your system should dictate when you should take the trade.
mistermaster,
Congrats on your profitable system.
Questions:
1. How many trades do you have documented to prove yourself that your system is profitable?
I developed a profitable strategy several months before I built personal discipline to trade it. Perhaps that's par for the course. Whatever the case, took me a while before I had faith in what I was doing.
Along the way I started to keep tabs on 2 things.
-Days without incident
-Trades without incident
I defined an incident as doing anything outside of my plan. The biggest offenses (for me) were skipping valid signals, or taking non-valids. Both impulsive decisions.
The goal became to see how many trades and/or how many days I could execute my plan without deviation, results be damned.
As the numbers grew for both days (e.g. 3, 10, 50...) and trades (e.g 25, 100, 200...), execution grew easier and easier. Of course I had relapses along the way, and I'd have to start back at 0. But eventually a day came that I was looking back at a significant amount of days/trades where I perfectly executed my strategy, and by then I had lost the inclination to do anything else.
Along the way I started to keep tabs on 2 things.
-Days without incident
-Trades without incident
I defined an incident as doing anything outside of my plan. The biggest offenses (for me) were skipping valid signals, or taking non-valids. Both impulsive decisions.
The goal became to see how many trades and/or how many days I could execute my plan without deviation, results be damned.
As the numbers grew for both days (e.g. 3, 10, 50...) and trades (e.g 25, 100, 200...), execution grew easier and easier. Of course I had relapses along the way, and I'd have to start back at 0. But eventually a day came that I was looking back at a significant amount of days/trades where I perfectly executed my strategy, and by then I had lost the inclination to do anything else.
You again display several misunderstandings. In any event, a system and the implementation of said system are two separate entities. If you have the best handling and most powerful F1 car in existence, the performance is still dependent on the driver. If the driver cannot extract the maximum performance from said vehicle, that does not detract from the vehicle qualities or abilities.
Thank you but as I wrote the system is not profitable because I don't trade it properly or with the required discipline. About 200 trades. The trades that were taken based on the rules of the system were about 90% profitable. The 20 trades that weren't destroyed the profits.
Excellent advice and I tried it in a different form. Will check how I might implement exactly what you describe.
maybe but what is the use of that car.
stop trading
This is not true. In fact it is just the opposite. The more people get rich, the more people will have money. The money's comes from debt or an "I owe you" note in any kind of form. Some notes are regulated, like money, other are not regulated and are creatures of the imagination.