What are your Trading Breakthroughs?

all depends on how great your system is. I got myself an '8 dimensional scalping system' that's nearly perfect. No programming with that though possible
 
Quote from toc:

If they did not, then by now bright heads from ivy leagues with top grade wall street experience....................would create algorithms that would send trading into auto pilot for time to come.


markets change constantly and that is why systems perform well for few years and then go into the cycle of lows and high and some even go bust.

:D :) :cool:
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Hmmm....
"Systems" huh?
Your language is "systems".
My language is "price action".
See any difference?
Price action (basically) never changes except that the gains vary from bigger to smaller, or smaller to bigger.
Markets do the same things over and over and over... :cool:
 
Quote from BSAM:

Hmmm....
"Systems" huh?
Your language is "systems".
My language is "price action".
See any difference?
Price action (basically) never changes except that the gains vary from bigger to smaller, or smaller to bigger.
Markets do the same things over and over and over... :cool:
More...

what do you mean by price action......is it the chart patterns? the patterns do not change that is agreeable.

btw, if you taking discretionary subjective decisions on taking trades then your emotional decision system (which you yourself would not know exactly) is a system in itself. hard to prove but true.
 
Breakthrough(s)? I wouldn't consider my progress throughout the years as a breakthrough. I suppose I was fortunate enough never to seriously contemplate day trading.
 
Quote from toc:

If they did not, then by now bright heads from ivy leagues with top grade wall street experience....................would create algorithms that would send trading into auto pilot for time to come.


markets change constantly and that is why systems perform well for few years and then go into the cycle of lows and high and some even go bust.

:D :) :cool:
More...



With regard to – buying / selling / standing pat – mkt has not..., and does not change

With regard to – up / down / sideways / when / how long / how much / how violently – mkt evolves

Been that way since day 1

Either evolve with it…, or be left behind

RN
 
Quote from Redneck:

With regard to – buying / selling / standing pat – mkt has not..., and does not change

With regard to – up / down / sideways / when / how long / how much / how violently – mkt evolves

Been that way since day 1

Either evolve with it…, or be left behind

RN
More...

Good reply Redneck! Simple and spot on.
 
Quote from mmm:

I thought it might be interesting if fellow ET members describe the ideas and realizations that have allowed them to bring their trading to the next level.

I look forward to hearing about your trading breakthroughs.

I'll start off:

Trading multiple units was a HUGE breakthrough for me.

Being able to take partial profits along the way increased the overall profitability of my trading tremendously, and boosted my trading psychology by having a larger number of small wins and fewer scratched trades.

-- M
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This was also one of my breakthroughs during the past year. Taking partial profits at multiples of the ATR (measured at the time the trade is entered) led to an increase in win % and also smoothed out the equity curve.



_
 
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