Overtrading: Share Your lessons learned

[geneticien]

I am NOT here to sell, teach, or promote anything. But I do find Elite Trader to be very valuable, in terms of insights/information, which I was not able to find anywhere else, and provided by completely random members! Sure, there are your usual "Trolls", but I take "care of them", actually quite and very easily (they are not that bright!)...

To be honest, I find reddit/r/algotrading much more interesting, it helps to have a voting system.

 

[ChipShotTrader]

To be honest, I find reddit/r/algotrading much more interesting, it helps to have a voting system.

Interesting. I may have to move on...

 

[ayande]

I find that over-trading has a certain feeling to it, and I don't like it. Sometimes it takes me a bit to notice it, but once I do, it's a clear sign that I'll do better for the day if I pull back.

John

 

[easymon1]

love the action

 

[Lyla]

Imo to avoid problem of overtrading we have to set profit goals and also let loss limits. When you have a range where your performance can fluctuate you will never overtrade. This approach worked well for me so you can give it a try too.

 

[Nine_Ender]

NO COMMENT

If you are still asking these incredibly amateur questions, after being involved in the financial markets for 20+ years, something is off...

This thread is like an alcoholic chairing a meeting on the pros/cons of drinking in ones life.

 

[murray t turtle]

now back to the topic, trading, that Ok?
enough misdirection?
what timeframe charts do you like?

%%
MOnthly candles charts., it helps stop overtrading.
READ a lot, it may or may not help with overtrading.
Look for complex patterns.
WMT cashier , she asked ''you like those stinking things ??''
She referred to smoked sardines pattern. I said yes.
Look for patterns in jokes also, it may or may not help overtrading.
LBR joked about $177+priced sardines/bottom line punchline= husband brought those sardines home. ''NEVER bring those sardines home the wife said''

 

[amadosteel]

Having a trading plan that defines your risk tolerance and profit goals and sticking to it is an easy way to avoid over-trading. Only if you are not a pig-headed greedy who would ignore all the losses in the hope to make desired profit.

No matter if you hit the loss first or the profit, stop trading after that.

 

[murray t turtle]

Having a trading plan that defines your risk tolerance and profit goals and sticking to it is an easy way to avoid over-trading. Only if you are not a pig-headed greedy who would ignore all the losses in the hope to make desired profit.

No matter if you hit the loss first or the profit, stop trading after that.

%%
Good points;
some times life is not that simple, even though looks like you have a wise battle tested profit plan.
Some times life hands you an over-trading[to big to handle] situation/ so have to make the most\best of it.
Pear tree , counted in 50# pound bucket has half a ton of pears[20x50 pounds], so eat all you want + give away all you want. Some to big to handle problems are good/ to have big problems are good to have. That's one reason US has been blessed with real cheap food sometimes;
+few nations have enough to export food

 

[Innervoice]

In this market, if you make one good trade, walk away for the day. If not, you will give it all back.