Improving My Performance

[riaamaan]

Quote from JimmyJam:

...so I also use self-hypnosis to condition my subconcious to take (and only take) my system trades, and trade as if I were an employee of the system (and my compensation is not directly to the trading results ).

Once you crack this nut, you won't be working for too much longer - unless you really want to, that is! [/B]

That's beautiful.

 

[dac8555]

I have NEVER seen that good of a win/loss ratio...never.

I am not trying to be insulting...but are you sure you are counting correctly? the best in the business shoot for 60% win rate.

 

[Hurricane]

Quote from dac8555:

I have NEVER seen that good of a win/loss ratio...never.

I am not trying to be insulting...but are you sure you are counting correctly? the best in the business shoot for 60% win rate.

Yes, at least the way I count a trade which is a series of buys/sells from start of a position until closeout of the position. I keep a complete log of each trade (open date, close date, trade type, security, capital/gain loss, dividend, net gain/loss). Many of my trades were losses that I doubled up on and/or waited them out. I've got the capital to hang in there when it makes sense to and don't rely on trading income to put food on the table. It's a luxury that at least in part keeps me from panicking and allows me to take risk. Not altogether smart which is why I started this post. I'm doing some research on trading psychology now which might help me out.