POLL: Are you troubled more by losing trades or decent moves missed by your method?

[Gabfly1]

Quote from MohdSalleh:

No system can ever capture the entirety of the reality in front of you, you will always leave money on the table and should be okay with it.

I'm guessing you didn't trouble yourself by reading any of the preceding posts.

 

[Aitch Eff Tee]

I certainly don't have the ultimate strategy because I believe the notion is nonsensical.

My point was that, although many people may not realise it, if you are more concerned about one than the other then you don't understand the relationship between the two.

 

[Gabfly1]

Quote from Aitch Eff Tee:

...My point was that, although many people may not realise it, if you are more concerned about one than the other then you don't understand the relationship between the two.

Evidently, you have found the ideal balance most suited to you and the markets you trade. I think that's wonderful.

 

[riaamaan]

time stamp check

 

[Redneck]

Gabfly1 (intresting name btw)

If you’re asking while I’m trading then neither

For if either trouble me – I am living in the past

I must always trade in the present – while keeping an eye toward the future



If you’re asking about off hours

It’s a toss up – if either the losses too great, and / or the misses too often – because I held an opinion


RN

 

[Illum]

The later, but it is almost never a methodical problem, almost without fail emotional.

 

[Hello]

Why on earth would you be troubled by a decent move that didnt register in your system. I could go to the top gainers and losers every single day and find massive moves, which I was not in on.

It is a totally new ballgame though if your system told you to do something and you didnt follow the rules, and then missed a move, that is worse than a loss in my book, as losses are inevitable with any trading method.

Quote from Gabfly1:

A decent move that did not register by the rules of your system. Again, I don't mean the comparison of single moves with single losses. We all know that any method, no matter how valid, will incur losses and not catch every good move. The question is, which of these 2 "weaknesses" in your present method of trading do you find more irksome.

 

[R. Raskolnikov]

Agree 1000%

Quote from Hello:

Why on earth would you be troubled by a decent move that didnt register in your system. I could go to the top gainers and losers every single day and find massive moves, which I was not in on.

It is a totally new ballgame though if your system told you to do something and you didnt follow the rules, and then missed a move, that is worse than a loss in my book.

 

[Kevin Schmit]

Quote from Aitch Eff Tee:

if you are more concerned about one than the other then you don't understand the relationship between the two.

This is the difference between Type I and Type II errors, between false positives and false negatives. The distinction was first, ARAIK, articulated by William James, in his famouse lecture "The Will to Believe," and has been the subject of much debate and analysis since. The relative costs are situation dependent, but the analysis is tractable under common Bayesian statistical approaches.

 

[maxpi]

I'm still developing as a screen trader. I focused on automated stuff for years but went to the screen to get further education... my next evolution has to be to get past worrying about losses, my Risk/Reward is about 1:3 and the success rate is very high.. losses [getting stopped out] should not bother me at all really.

"It's not whether I win or lose, it's whether I lose" seems to plague me a bit..