Exceptional week

zoned_post_meridiem · May 10, 2020

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

No, I didn't eat an investor -- I had pizza tonight.

Comparing your returns to a passive market index is a common way of determining whether you're actually making any gains compared to passive investing in a Vanguard fund. Hell, Sharpe ratio calculations are a LOT more conservative than S&P; they usually use treasury note rates as their comparison.

systematictrader · May 11, 2020

zoned_post_meridiem said:
No, I didn't eat an investor -- I had pizza tonight.

Comparing your returns to a passive market index is a common way of determining whether you're actually making any gains compared to passive investing in a Vanguard fund. Hell, Sharpe ratio calculations are a LOT more conservative than S&P; they usually use treasury note rates as their comparison.

Your a trader your not managing a fund but good beginning though

zoned_post_meridiem · May 11, 2020

systematictrader said:
Your a trader your not managing a fund but good beginning though

What's your benchmark to see if you're beating the market?

systematictrader · May 11, 2020

When your trading your a free lancer i think if your constantly measuring your worries too much the experience and potential
Exponential gain to get outweighs any given year performance

trader1974 · May 11, 2020

easymon1 said:
...trader1974 is daytrading, given the context of the post.

No, no, intraday. However, today Monday I started very badly.
Let's see how the week ended ...
The market is not easy friends.

trader1974 · May 11, 2020

I thought the market was going to fall.
This big 4 hour red candle has fooled me.
Again the price has bounced off the support

zoned_post_meridiem · May 11, 2020

systematictrader said:
When your trading your a free lancer i think if your constantly measuring your worries too much the experience and potential
Exponential gain to get outweighs any given year performance

Different strokes, I guess. If I don't beat S&P over the long term, I feel like I'm wasting time, because investing in a Vanguard index fund could get me the same/more money.

Unless trading is a hobby (which is fine! It's partially that for me), and some underperforming years are worth it for the fun).

easymon1 · May 11, 2020

trader1974 said:
I just look at the price
I observe possible areas of reversal in supports or resistances
I a correct risk management.
Fundamental

do you consider a 'signal' or a 'setup' or an area of interest to be the same as or a step toward an 'entry trigger'?
what entry triggers do you like?
what timeframe? Thx

systematictrader · May 11, 2020

zoned_post_meridiem said:
Different strokes, I guess. If I don't beat S&P over the long term, I feel like I'm wasting time, because investing in a Vanguard index fund could get me the same/more money.

Unless trading is a hobby (which is fine! It's partially that for me), and some underperforming years are worth it for the fun).

Sure you are right but what iam saying long time is defined differently

most traders go 5 years if not kore losing
Should they have given up? of course
Not the idea is in the long run 20-40 years you will
Come out ahead
In theory at least

trader1974 · May 11, 2020

easymon1 said:
do you consider a 'signal' or a 'setup' or an area of interest to be the same as or a step toward an 'entry trigger'?
what entry triggers do you like?
what timeframe? Thx

An area of interest keeps me alert.
My trigger the same price.
The timeframe depends on the volatility of the market, although normally with the price in range I do not operate.
Manage risk, you never know for sure where the next candle will go.
There is no magic plan, the market is difficult, so you don't want to be right.
Just quit when you're wrong.
(It's easier said than done, sometimes I still want to be right, I have to fix that)