Do You Have A Trading Plan, and Do You Know It Inside and Out?

RAMOUTAR

RAMOUTAR

I've received many PMs from my fellow ETrs, and I have learned that many of you don't have a "plan" or don't know your plan inside and out. One of the first steps in becoming a successful trader, is being honest with yourself.

As my schedule loosens up here, I will make a "Personal Trading Plan" worksheet available to all of you, and perhaps follow up with a "chat" here on ET. Answer honestly.
 
Custom all the way.

Haven't seen anyone discuss this strategy, and keeping
my mouth zipped tight :D

The edge has been slowly fading over the last several years,
and I expect it to be gone in a few more. But who knows...
Maybe the equity curve will get steeper...heh

peace

axeman



Quote from sixthbeast:

Axeman, is your pure mechanical system based on patterns, indicators, or custom?

thanks,
beast
More...
 
its amazing to me when i see this. it really puts things into perspective when you realize that even though we are all physically doing the same thing, for some people its an entirely different reality. i'm not mentioning any names here, but you see it all the time here. for some, the game is just that -- its a game that they get either lucky or they fail. what a scary way to do things in this business.

you should have already won before you sit down in front of your computer....if you don't understand this, then you are approaching it all wrong, imho.

i have a simle plan. its very black and white, and that's on purpose. i found that in life, if you make things very simple, clear, and directed, then you already know the outcome. for me now, discipline is key. the only thing standing in my way of becoming an elite trader is myself.
 
Quote from funky:

its amazing to me when i see this. it really puts things into perspective when you realize that even though we are all physically doing the same thing, for some people its an entirely different reality. i'm not mentioning any names here, but you see it all the time here. for some, the game is just that -- its a game that they get either lucky or they fail. what a scary way to do things in this business.

you should have already won before you sit down in front of your computer....if you don't understand this, then you are approaching it all wrong, imho.

i have a simle plan. its very black and white, and that's on purpose. i found that in life, if you make things very simple, clear, and directed, then you already know the outcome. for me now, discipline is key. the only thing standing in my way of becoming an elite trader is myself.
More...

Excellent, Funky.
 
Quote from axeman:

I use IB for execution, and realtick for quotes.

Everything else is 100% custom.


peace

axeman
More...

Have you ever used RealTick's execution?
 
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