Exceptional week

trader1974 · May 10, 2020

Hello traders, this week, trading NQ intraday I have had a spectacular performance, I have never achieved this before, I can say that I am very happy with the result.
However.
It has been a clearly bullish week, the direction has been clear and the momentum has been strong.
I wonder if my good result is due to market conditions.
When the market moves slowly I don't know if I'm going to get the same result.
Maybe to get the same result I will have to increase the number of contracts.
What do those with more experience think?
My luck is due to market conditions?
If my system is solid, will it work with the slowest market?
I don't want to get excited ahead of time,
I've never had a positive week doing intraday before.

Cuddles · May 10, 2020

you didn't explain your system, so at this point all one can say is yes, you got lucky.

trader1974 · May 10, 2020

I only look at the price.
I don't use any indicators.

Sekiyo · May 10, 2020

You did exploit the opportunity.
Congrats.

I’d advise to seat on your hands,
Wait for the appropriate conditions,
Because not losing is as well important.

trader1974 · May 10, 2020

Good advice, yes sir.
Operating with indexes, what has been your maximum waiting time before being able to open an operation in optimal conditions?

Sekiyo · May 10, 2020

trader1974 said:
Good advice, yes sir.
Operating with indexes, what has been your maximum waiting time before being able to open an operation in optimal conditions?

I’ve never spent an entire day waiting for a setup,
But I definitely should have in retrospect.
No need to give free money away.

I’ve already turned off the screen though,
Because there was simply no action.
Just move on ...

Girija · May 10, 2020

trader1974 said:
Hello traders, this week, trading NQ intraday I have had a spectacular performance, I have never achieved this before, I can say that I am very happy with the result.
However.
It has been a clearly bullish week, the direction has been clear and the momentum has been strong.
I wonder if my good result is due to market conditions.
When the market moves slowly I don't know if I'm going to get the same result.
Maybe to get the same result I will have to increase the number of contracts.
What do those with more experience think?
My luck is due to market conditions?
If my system is solid, will it work with the slowest market?
I don't want to get excited ahead of time,
I've never had a positive week doing intraday before.

It should have been exceptional for most people. A few that made the bet that it would go down were indeed caught flat-footed. Same system rarely works perpetually. Greed is the biggest enemy.

DevBru · May 10, 2020

zoned_post_meridiem · May 10, 2020

Nicely done. You can compare your week against the S&P to see if there's an edge compared to standard market conditions, or calculate a Sharpe ratio (or other performance ratios). But even if you "just" matched the gains in the S&P, well done -- I barely broke even last week, and definitely underperformed the S&P!

systematictrader · May 10, 2020

zoned_post_meridiem said:
Nicely done. You can compare your week against the S&P to see if there's an edge compared to standard market conditions, or calculate a Sharpe ratio (or other performance ratios). But even if you "just" matched the gains in the S&P, well done -- I barely broke even last week, and definitely underperformed the S&P!

Compare to the S&P 500??? What ate you an investor ?