Journal Promotes Profits, So I heard

"Mo, thanks for the idea. But are we supposed to have different trading strategies at different times of the day? I was trying to do as many trades as possible, but don't have a good strategy for that period of time. I have performance reports and watching that closely."

What I'm suggesting is that your trading style may produce different results at different times during the trading day.

It will be useful to know when your style/strategy produces the best results, then maybe focus on this period.

You don't have to trade all the time.
 
Quote from Mo06:

"Mo, thanks for the idea. But are we supposed to have different trading strategies at different times of the day? I was trying to do as many trades as possible, but don't have a good strategy for that period of time. I have performance reports and watching that closely."

What I'm suggesting is that your trading style may produce different results at different times during the trading day.

It will be useful to know when your style/strategy produces the best results, then maybe focus on this period.

You don't have to trade all the time.
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Yeah, I guess so. Don't have to enter every battle. Pick the easiest ones according to your way of trading. Thanks for the advise.
 
Quote from ywang009:

that is exactly right. thanks. less trades during this time, dont know how to trade sideways.

thanks for the heads up.
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sideways, if you manage to realize it in time, just means fading... and tight stops.. so sideways become scalping once the range is "defined" ... but it requires specializing in a product... because you have to recognize the behavior quickly... and as such, the change in behavior... otherwise the chop eats your account...

look at trading FVA... slow yes, but tick val is low and it can be easily learned... IMO of course and for whatever is worth.. take it all with a grain of salt.. (aka caution)...
 
check out this tool.. makes life easier overall.. if you can export the trades ...

http://www.adaptrade.com/MSA/index.htm


Quote from Mo06:

Here's something that might help.

Record all you trades in a spreadsheet, and classify them by the hour or half hour of entry.

Study each period over many weeks/months of trad data, and try to see which periods produce your best P&L or P:L ratio.

Then you can concentrate on trading these periods of the trading day, and either trade smaller size during the poorer performance hours, or avoid them altogether.

You may find, for example, that trades entered in say the 30 mins between 1030 and 1100 are bad performers, so why trade at all then...?

I find this helps in my trading.

Mo
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Quote from ofthomas:

sideways, if you manage to realize it in time, just means fading... and tight stops.. so sideways become scalping once the range is "defined" ... but it requires specializing in a product... because you have to recognize the behavior quickly... and as such, the change in behavior... otherwise the chop eats your account...

look at trading FVA... slow yes, but tick val is low and it can be easily learned... IMO of course and for whatever is worth.. take it all with a grain of salt.. (aka caution)...
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I always realize the profit too late and trigger the stops. I would try not to trade these defined ranges this month. Only trade in the morning and after 2:30pm. These periods of time I made most of the money.
 
Quote from ywang009:

Another losing day. Should have taken the morning profits.
Trading is so hard if you have control problems.
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why not take half of your positions off while in profit, and then ride the rest... worst case... it lessens the blow...
 
Quote from ofthomas:

why not take half of your positions off while in profit, and then ride the rest... worst case... it lessens the blow...
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Thomas, the loss was accumulated from many small losses. I don't hold any position for long. The loss was caused mostly by my mind and out of self-control. Trying to be out of every battle. Keep reminding myself don't get into every battle.
 
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