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Trader P/L 2013
- Thread starter sellindexvol66
- Start date
I got punched in the face a few times over the last couple of days. I'm glad I was able to get up off the ground and bounce back with a new best day of the year. Yeah, it stinks that my best day is the same size as my bad days, but I'm working on it.
+34
BTW, FCXoptions asked what I trade. I trade stocks.
+34
BTW, FCXoptions asked what I trade. I trade stocks.
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Quote from Chuck Noblet:
I got punched in the face a few times over the last couple of days. I'm glad I was able to get up off the ground and bounce back with a new best day of the year. Yeah, it stinks that my best day is the same size as my bad days, but I'm working on it.
+34
BTW, FCXoptions asked what I trade. I trade stocks.
slow and steady~~building consistency?
you don't hold overnight?
Quote from atticus:
You blow up because you risk 5x your target.
Thanks, but I don't have targets. I am just watching my downside and adjusting stops. I don't mind getting stopped out as the trades I put on are near inflection points so I will either be really right or immediately wrong. I gotta buckle down and reverse the trade and re-enter towards original direction. I've failed to do this the last few days and it cost me. I am always flat by EOD and thus time is sometimes not on my side.
It's most likely a psychology issue; I just dislike the idea of paying up 4-5 ticks to reverse the trade and get stuck in that dance 3-5 times. Works more often than it doesn't, but I just dislike it.
Quote from Eyez:
Thanks, but I don't have targets. I am just watching my downside and adjusting stops. I don't mind getting stopped out as the trades I put on are near inflection points so I will either be really right or immediately wrong. I gotta buckle down and reverse the trade and re-enter towards original direction. I've failed to do this the last few days and it cost me. I am always flat by EOD and thus time is sometimes not on my side.
It's most likely a psychology issue; I just dislike the idea of paying up 4-5 ticks to reverse the trade and get stuck in that dance 3-5 times. Works more often than it doesn't, but I just dislike it.
Nothing personal. Your sheets show that your avg loser is a lot larger than your avg win. You're going for hit-rate. That's great if you can lever-up to real money and then go conservative, but I'd say that the probability of making it is inversely-proportional to your hit-rate.
Quote from atticus:
Nothing personal. Your sheets show that your avg loser is a lot larger than your avg win. You're going for hit-rate. That's great if you can lever-up to real money and then go conservative, but I'd say that the probability of making it is inversely-proportional to your hit-rate.
I understand what your saying, I gotta stop being a bitch about getting ticked out. Sometimes I worsen stops to give it room and it usually gets worse. Really need to stop doing that shit.