How to calculate success rate of our trading strategy?

[rajesheck]

ok i declare this thread officially DEAD.... any post after this is just wasting time.

I totally agree that my thread is definitely not for beginners or those who treat trading purely as a technical skill. My perspective is trading is predominantly a business skill which is unpopular view among traders.

There is a proverb that says we can only take the horse to the river, yet the horse will drink water only when it is ready.

I can only give an introduction to trading as a business skill, yet the traders can understand it only when they are ready for it.

 

[hilmy83]

I totally agree that my thread is definitely not for beginners or those who treat trading purely as a technical skill. My perspective is trading is predominantly a business skill which is the least popular view among traders.

You remind me of Peggy Hill. Look her up

 

[rajesheck]

You remind me of Peggy Hill. Look her up

The first impression that most traders get is that trading is self employment with affordable investment. Some traders think trading as a business.

Forget stock market for a moment.

Now tell me what the term "trading" means?

Business or self employment?

Consider this scenario..
Every year many people lose their investments in startup business. It is estimated that 90% of the startups fail. Probably because people who try business for the first time lack experience and business skills, right?

Now look into stock market. It is speculated that more than 90% of traders loose investment.

Can you see the connection?

 

[murray t turtle]

The topic I am presenting here is a broad statistical analysis of the general strategy "trade with the trend".

I understand "early" is a bit vague. Here is my explanation...

I identify early trend based on two aspects:
1. Market opening OR trend reversal
2. Early support/resistance

My approach is simple and clear.

From my experience I learned simple and clear steps makes things work better.

%%
Good points raj-k+ could be some good %[gp+gp]
Having said that, the ''early'' pioneers, as LBR noted tend to get arrows stuck in them
Some businesses can differ with profit, the metals dealer buys copper anytime, early +late ;
i may sell it anytime, but mostly before stock market opens

 

[rajesheck]

%%
Good points raj-k+ could be some good %[gp+gp]
Having said that, the ''early'' pioneers, as LBR noted tend to get arrows stuck in them
Some businesses can differ with profit, the metals dealer buys copper anytime, early +late ;
i may sell it anytime, but mostly before stock market opens

Yes market opening is influential. I am a day trader who is against the harsh reality of gap-ups and gap-downs in holding the position overnight.

 

[SunTrader]

Gobbledygook.