Finding my way

J

Jdesey

fortunately I keep a detailed spreadsheet of all my trades. I spent last weekend looking at all my trades from 2021. What I found is the very best trading I did last year in over 800 trades was the short sells I did. These are my own trades and were far more successful that any alert service I used. I had a 68% win rate on my shorts and I used PUTs instead of actually shorting cause it limits my total loss.

Now, here is the really strange part. In April I abandoned this strategy and moved on to others for the rest of the year. I am dumbfounded why. Possible answers is not trusting myself and thinking some guru knows better. Maybe thinking there were better results with other strategies, etc... Whatever it is I will not let it happen again.

So, this week I was back to my short-fade strategy and doing well. My point is to keep records, review often, and do not system jump.
 
annual return not so great. Reason is that I system jump too much. I am fully committed this year to stick to my short-fade strategy and focus. my average winner is 40% and losses are capped at 30%. Sometimes I do end up with a runaway winner like 80-100%. good luck, it works for me.
 
Jdesey said:
fortunately I keep a detailed spreadsheet of all my trades. I spent last weekend looking at all my trades from 2021. What I found is the very best trading I did last year in over 800 trades was the short sells I did. These are my own trades and were far more successful that any alert service I used. I had a 68% win rate on my shorts and I used PUTs instead of actually shorting cause it limits my total loss.

Now, here is the really strange part. In April I abandoned this strategy and moved on to others for the rest of the year. I am dumbfounded why. Possible answers is not trusting myself and thinking some guru knows better. Maybe thinking there were better results with other strategies, etc... Whatever it is I will not let it happen again.

So, this week I was back to my short-fade strategy and doing well. My point is to keep records, review often, and do not system jump.
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Thar's Gold In Them Thar Stats!! Good On Ya! Break a Leg.
 
easymon1 said:
Thar's Gold In Them Thar Stats!! Good On Ya! Break a Leg.
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thank you ... I am still confused as to why I abandoned the strategy with those stats. I guess it is the "grass is always greener elsewhere" kind of deal. no more system jumping. no more following alert services. they are no better than I am.
 
Jdesey said:
thank you ... I am still confused as to why I abandoned the strategy with those stats. I guess it is the "grass is always greener elsewhere" kind of deal. no more system jumping. no more following alert services. they are no better than I am.
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It’s great that you identified what’s working.
Speaking for myself, I know, that whether it’s trading ideas (which I’m new at) or anything else in life, I have a strong tendency to be distracted by the latest new shiny object. Sounds like maybe, just maybe , that’s what you dealt with last year. If so, then you know what to guard against to help you not allow it to happen again.
 
KGTrader4 said:
It’s great that you identified what’s working.
Speaking for myself, I know, that whether it’s trading ideas (which I’m new at) or anything else in life, I have a strong tendency to be distracted by the latest new shiny object. Sounds like maybe, just maybe , that’s what you dealt with last year. If so, then you know what to guard against to help you not allow it to happen again.
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well said...and yes I fell victim to the "new shiny thing" syndrom... no more. I just backtested trades that met my criteria that I did not take. Yes, this strategy works. Yes, I am sticking to it. It is a about time I focused on one setup and work it, no more system jumping.
 
Jdesey said:
well said...and yes I fell victim to the "new shiny thing" syndrom... no more. I just backtested trades that met my criteria that I did not take. Yes, this strategy works. Yes, I am sticking to it. It is a about time I focused on one setup and work it, no more system jumping.
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What do you use to backtest?
 
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