Average holding time for winning trades
- Thread starter LelandC
- Start date
Originally posted by Breakout
Hi RS7...
It's not just theory my friend, profit targets are used
by many traders. I could quote you from many sources
(market wizards,etc.), but I'm not near my library today.
I understand this. I said clearly that what works for me is not necessarily appropriate for others. Styles are different. People are different. Leland had a specific question, so I only tried to address that with a specific approach....right or wrong.
Which reminds me...thanks again for your "successful
trading" thread. I've been doing very well with the
method I put together using my grandmother as an
inspiration.
For July I had 58.27% profitable trades with the
best day being 76.47% and the worst day being
only 30.77%.
ALL RIGHT!!! Way to go! I think if Publias used his probation officer, and MrSubliminal used his fear and loathing of Eva, they also would find some improvementIt's all mental. In my case, its a mental case entirely.
Good trading. Keep it up
RS7
Originally posted by rs7
Originally posted by Breakout
ALL RIGHT!!! Way to go! I think if Publias used his probation officer, and MrSubliminal used his fear and loathing of Eva, they also would find some improvement
Good trading. Keep it up
RS7
hey how did you know I was on probation!!!!????
Publias
Thanks for the many thoughtful replies to the question I posed of holding onto winners longer.
I just need to learn that once I am positive on a position that stock is working for me. Trades take time to pan out. Stocks don't go straight up or down (usually). There is no harm in making obscene amounts of money for sitting on your hands (literally) while your stock is doing all the work!!!
Leland
I just need to learn that once I am positive on a position that stock is working for me. Trades take time to pan out. Stocks don't go straight up or down (usually). There is no harm in making obscene amounts of money for sitting on your hands (literally) while your stock is doing all the work!!!
Leland
All we can ever hope for is great entry and exit points, and there is no correlation to holding periods. What I do for our new people is give them a graph to plot all their trades during the day, showing a zero point in the middle, and profits to the right by nickels, and losses to the left in nickels....
Plot out each trade, in at zero of course, and out with a profit or loss.....but then plot where the stock went (still up or down) before it reverses itself a dime or so. This will help you visualize if you're holding on the right amount of time.
Many new people will have 8 "winners" and 2 "losers" and still end up losing $$ ....this is not good!!
Don
Plot out each trade, in at zero of course, and out with a profit or loss.....but then plot where the stock went (still up or down) before it reverses itself a dime or so. This will help you visualize if you're holding on the right amount of time.
Many new people will have 8 "winners" and 2 "losers" and still end up losing $$ ....this is not good!!
Don
Originally posted by rs7
Just an educated guess
Fandriampahalamana to you my friend!
(I love that one...Madagascar....they must have more time on their hands than even us!)
What are you trying to say Rs7... That I come across as a criminal!!!
For your information she said she was 22! I thought 18 maybe but not 15!!!! She gave me okie doke!
PAX and good trading,
Publias