Tell Me What Can I Do?
- Thread starter toby
- Start date
Quote from toby:
Equity : Down > 6 months
Confidence : Down
Lady Luck : No More
Debt : Growing Fast
Concentration : Lack
Stop Trading?
No...Because it's my sole income since 1997; beside trading, I'm jobless!!!!
Take a week off from trading, re-evaluate your strategy. We all go through tough times...its how we react to them that counts. Good luck bro!
Quote from toby:
Equity : Down > 6 months
Confidence : Down
Lady Luck : No More
Debt : Growing Fast
Concentration : Lack
Stop Trading?
No...Because it's my sole income since 1997; beside trading, I'm jobless!!!!
What is the "expectancy" of your system?
What is your "Position sizing algorithm?"
How much "Opportunity" does your system have to execute its trades?
Long-term smooth equity-curve profitability comes by multiplying your system's "opportunity" by its "expectancy" combined with a sound Money Management (Position sizing) plan.
If for some reason you have trouble answering these questions, this would be a good place to start refining your trading.
Good Luck,
Dr.Zhivodka
Definitely take a break, live off savings, cut expenses.
Figure out what you are doing wrong and how to correct it.
When you're ready to trade again, trade very small. Being a trader involves always learning and improving to sharpen your edge. The market is efficient enough to neutralize any method over time as more and more people become aware of it and you have to keep staying one step ahead of the pack.
Figure out what you are doing wrong and how to correct it.
When you're ready to trade again, trade very small. Being a trader involves always learning and improving to sharpen your edge. The market is efficient enough to neutralize any method over time as more and more people become aware of it and you have to keep staying one step ahead of the pack.
If it aint broke, don't fix it. If it is broke, find some fool to sell it to.
Toby,
If you've been trading and making money since 1997, what has changed??
Are you still using the same system?? if so, are you sticking to the rules of that system??
Are is there something else going on in your life thats interfering with your trading..
Little things that could be upsetting or causing you conflict in your personal life can very easily carry itself into your trading...
Step back and take a look.. see if you can find anything that's changed...
Good Luck,
If you've been trading and making money since 1997, what has changed??
Are you still using the same system?? if so, are you sticking to the rules of that system??
Are is there something else going on in your life thats interfering with your trading..
Little things that could be upsetting or causing you conflict in your personal life can very easily carry itself into your trading...
Step back and take a look.. see if you can find anything that's changed...
Good Luck,