It's an interesting method. I can't say I experimented much with it. Some traders *never* take a loss. Until one day (or maybe never), they blow out. Others, when they're winning, bet BIG. All that flies in the face of conventional orthodoxy, but if it works for a trader, then it works.
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Time
- Thread starter oldtime
- Start date
I take plenty of lossesQuote from achilles28:
It's an interesting method. I can't say I experimented much with it. Some traders *never* take a loss. Until one day (or maybe never), they blow out. Others, when they're winning, bet BIG. All that flies in the face of conventional orthodoxy, but if it works for a trader, then it works.
just not the way they teach it in the book
and no, I am very conservative, and have never been a "Bet Big" trader
not my style
they will never write a book about me
unless it is who survived the longest
Some would argue that's all it takes. Only have to get rich once.
Quote from oldtime:
it all started when I guess I was doing ok in forex
but sometimes I was trading every 20 seconds
and other times I was only trading once every few days
all based on price
so I just set the whole thing up in a paper account, with no regard to money
and suddenly, I wasn't trading on price
I was trading on time
Haven't actually done it with real money yet
but that's the good thing about et
no matter what idea you come up with
somebody else has already tried it, and can tell you how it will go
Time is a topic that is never ending.
It is a variable like any other.
It can be fitted to fit a trade, all trades usually work out over 50 years, those who are still long from the tech boom may one day be right, their kids may benefit.
The change of parameters can work but the complexities of this is very sensitive.
John have a trade, it went bad, so he saw that more long term it will work out.
A loss is now justified, He changed his target allowing an acceptable stop loss risk level.
Soon all bad shorts seemed to change to more long term goals. Good trades were kept in the short term with proper target.
One bad trade ate up all the profits and was justified by changing time frame.
Your system can be made to work. Possibly even if time frame is changed mid trade. But good luck
Why not just learn to accept mistakes and to switch between buy and short ?
At the very least you will be able to calculate your profits properly.
This is what it seems you are avoiding
Why did you even consider this? Let alone how profitable it is, why did your brain choose this as some thing to study?
isn't that the way it always is? I've got this running over in my paper account and it is just consistently making money.
uses hard money stops to deal with losses
but adds to both winners or losers on time
the commissions are just crazy
but no drawdown yet, so still too scared to put it on for real
uses hard money stops to deal with losses
but adds to both winners or losers on time
the commissions are just crazy
but no drawdown yet, so still too scared to put it on for real
well actually, it doesn't use stops (don't like them) but it uses something similar
at anyrate, it takes small losses and tries to nip them in the bud before they get too out of hand
otherwise, if it hasn't got stopped out it gets added to, both winners and losers
the trick is setting the time interval
at anyrate, it takes small losses and tries to nip them in the bud before they get too out of hand
otherwise, if it hasn't got stopped out it gets added to, both winners and losers
the trick is setting the time interval
an interesting thought would be.. when you put on a trade.. isn't there some inferred time range in which you speculate things to happen... usually the longer i'm in a trade waiting for it to do the thing ithought it was going to the more i ended up being wrong about the whole thing..
yes, patience is a virtue, but like you say, at some point it becomes an indication that you overestimated the move.Quote from cdcaveman:
an interesting thought would be.. when you put on a trade.. isn't there some inferred time range in which you speculate things to happen... usually the longer i'm in a trade waiting for it to do the thing ithought it was going to the more i ended up being wrong about the whole thing..
In my case, it was just the opposite. Too many fills too fast. It's happened to me many times over the years. My solution was just to widen up. Then I got to thinking about using time.
Quote from oldtime:
yes, patience is a virtue, but like you say, at some point it becomes an indication that you overestimated the move.
In my case, it was just the opposite. Too many fills too fast. It's happened to me many times over the years. My solution was just to widen up. Then I got to thinking about using time.
your backtesting is just your trading... i'm sure there could be some real optimization aand backtesting to the time stop idea...