Yeah, I do. Sometimes I will "paper trade" them the old-school method....start the screen at the beginning of the day and move forward bar by bar and mark on the chart the set up as it comes into view.
Nice thread you got going.
Trading the Plan
- Thread starter studentofthemarkets
- Start date
Nice thread you got going.
Do you record stats on your results?
Something I HAVE to do, starting right now, is figure out which set ups I want to work on, write up the rules just for those, and not give myself any opportunity to fiddle.
I must not have been completely sold out on the idea of only trading what is in my checklist or else why would I keep taking trades that don't fit my criteria exactly? So, now I am determined to not practice and not do anything except the exact set ups that I will write out.
I haven't figure out which ones those are but whatever gets written out today is going to be what I trade tomorrow, with no exceptions and no bending the rules.
I must not have been completely sold out on the idea of only trading what is in my checklist or else why would I keep taking trades that don't fit my criteria exactly? So, now I am determined to not practice and not do anything except the exact set ups that I will write out.
I haven't figure out which ones those are but whatever gets written out today is going to be what I trade tomorrow, with no exceptions and no bending the rules.
No, I don't!!!! That might really help. OK, so I will go back over my trades (I usually take screenshots), and find the stats and whichever setups come up the strongest will probably be what I choose to focus on.
Thanks for a great idea!!
I do sometimes on FinTwit, don’t keep records though.
the thread link you provided might be a good place for me to do that, looking for different setups. I’m considering something besides breakouts which is all I’ve known so far
this for me too.
You don't HAVE to do anything. It's a free country.
What stats do you base your actions on? A shot in the dark? What's changed? Nada.
Just a knee jerk urgent reaction to make you feel like you're doing something.
Go do stats on a dozen charts that have a simple setup to see how many of them worked and how they performed. The odds that the first setup you test is "the one" are slim.
If the first dozen do show promise, solidify your written rules and no more changes. Then go find 88 more that fit your rules and occur during trends, sideways, chop, the whole magilla, to prove they deserve your confidence to trade them. Otherwise, don't bother. Just commit to being a good artistic trader.
There's a lunchtime game played at fortune cookie time.
Diners read their fortunes aloud and then add "in bed".
It adds a new dimension to the meal when a pretty woman plays with gusto.
Here's a way to do something similar with your setups.
After your setup, add "at support" or "at resistance".
Maybe it will add a new dimensioon to your setups.
Do your stats and find out.
So...Add a couple of contracts at support, in bed? Teehee, you are silly, mon.
do your stats and find out.