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Growth of Equity
- Thread starter gg12
- Start date
Hi gkishot,
you are right! The bankroll is more like gambling.
I am working to get more predictable results in the future.
Main issue which I have to address are
- not willing to loose (pushing to win back losses intraday)
- maximize gains (greed)
- impatience (not beeing satisfied with moderate results)
This can be done by
- accepting loosing days (but make the loosers smaller)
- being happy with moderate steady gains; they are important (vs. peak results)
- becoming patient; there is enough time to make the Growth of Equity happen
you are right! The bankroll is more like gambling.
I am working to get more predictable results in the future.
Main issue which I have to address are
- not willing to loose (pushing to win back losses intraday)
- maximize gains (greed)
- impatience (not beeing satisfied with moderate results)
This can be done by
- accepting loosing days (but make the loosers smaller)
- being happy with moderate steady gains; they are important (vs. peak results)
- becoming patient; there is enough time to make the Growth of Equity happen
Hi bwolinsky,
thanks for your reply and quote. That kind of massiv drawdowns should stop. Respecting trends and taking immediate action to remove trend opposed positions is one side. The other side is to reduce greed.
What I am trying to do now is to reduce my profit expectation in favor of limited risk. For me it is disappointing that I lost so much so far. But I take the total resonsability for everything and I am willing to correct my mistakes.
What I found out is that I need more PATIENCE.
I need to find a way to get back to 100% in small and steady increments. Then I can continue to grow my bankroll as intended at the beginning of this thread.
thanks for your reply and quote. That kind of massiv drawdowns should stop. Respecting trends and taking immediate action to remove trend opposed positions is one side. The other side is to reduce greed.
What I am trying to do now is to reduce my profit expectation in favor of limited risk. For me it is disappointing that I lost so much so far. But I take the total resonsability for everything and I am willing to correct my mistakes.
What I found out is that I need more PATIENCE.
I need to find a way to get back to 100% in small and steady increments. Then I can continue to grow my bankroll as intended at the beginning of this thread.