I'd like to become a better trader

  • Thread starter Thread starter PO
  • Start date Start date
Best Loser,

Did you switch to Emini NQ because you backtested your method on different trading instruments and determined that you're "more profitable or smaller losses" in trading Emini NQ in comparison to the statistical results of the other trading instruments in your backtest ???

Am I correct in that your method backtest profitably but you just have discipline problems in following the trading plan of your method ???

Thus, you using a different method and if so...why considering you've implied your method is profitable but you only have problems (discipline) in following the method ???

Mark
 
BL

(and I haven’t read all the responses so apologies if already mentioned)

Pick one, and only one - fixed stop loss amount for every trade – and stick with it

Don’t need a random variable loss amount(s) – ever

And yeah I know the argument of why that is hard to do – but please do it anyway – You'll get there

RN
 
Quote from Redneck:

BL

Track price’s direction off this trade

Did it end up being

A false breakout – where reversing would have worked

A head fake where you were shaken out – so a failed failure – and reentering in the original direction would have worked
Or
Possibly more room on your stop – careful with this one though (I would rather take 10 losses in a row, than increase my stop size, but I also know my optimal stop size for what I’m trading)


Always know your environment – is it a ranging/ trending day… and how strong - and expect price to act accordingly


I’m trading a meandering day, with a downward slant… for now

Talk later
RN
More...

it was a false break out.
 
Quote from Redneck:

BL

(and I haven’t read all the responses so apologies if already mentioned)

Pick one, and only one - fixed stop loss amount for every trade – and stick with it

Don’t need a random variable loss amount(s) – ever

And yeah I know the argument of why that is hard to do – but please do it anyway – You\'ll get there

RN
More...

I\'m not sure I agree with a concept of fixed stop loss. I believe stop losses should be placed in meaningful places and trade still have to have good R:R
 
Quote from Best Loser:

I\'m not sure I agree with a concept of fixed stop loss. I believe stop losses should be placed in meaningful places and trade still have to have good R:R
More...

I would have bet money - you would say this


If you want to discuss later today we can..., if not... it is you choice (meaning no harm, no foul)

RN
 
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