What do you think matters most in trading?

virtusa said:
You can have both. I initally did not want to lose money, so I tried to improve my entries. As my entries became better and better, R/R as well as winrate became better. One does not exclude the other.
If they focus on R/R and not on winrate, it means they have problems to limit the number of attempt to the only real good entries. They have to try many times to catch the right entry. They have maybe 30% good entries, while I have over 80%. Good entries are hugely important in trading.



But oh so difficult to achieve consistently...
More...
Recently, I try paper day trade to test some day trading schemes. For the last 21 consecutive days, all except 3 days were profitable with total aggregate profit = 31% of the "trading capital".

However on a daily basis, profits came from one or two good trades, most others were lost cutting closeouts.

Perhaps getting better entry will help. I will work on that.

However, I suspect my trade selection is the main culprit. Any comments will be appreciated.
 
ironchef said:
Recently, I try paper day trade to test some day trading schemes. For the last 21 consecutive days, all except 3 days were profitable with total aggregate profit = 31% of the "trading capital".

However on a daily basis, profits came from one or two good trades, most others were lost cutting closeouts.

Perhaps getting better entry will help. I will work on that.

However, I suspect my trade selection is the main culprit. Any comments will be appreciated.
More...

Had a similar scenario with one of my strategies, went over the chart again and again, managed to cut off 20% of the bad trades, but the rest stayed.

I think this can be normal behavior, if you trade relative volatile instruments, or a volatile trading setup.

My strategy is working fine, even if the gains come from only 3 good trades a day.

Maybe a indicator freak could take out more of the bad trades, but I like it to keep it simple.

People destroy success by looking for perfection !
 
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ironchef said:
Recently, I try paper day trade to test some day trading schemes. For the last 21 consecutive days, all except 3 days were profitable with total aggregate profit = 31% of the "trading capital".

However on a daily basis, profits came from one or two good trades, most others were lost cutting closeouts.

Perhaps getting better entry will help. I will work on that.

However, I suspect my trade selection is the main culprit. Any comments will be appreciated.
More...
Still paper trading, not ready to go live because my day trading method is a tough gig.

Essentially most of the time each trade turned into extracting a small number (+/-) between two large numbers, i.e., picking up (or throwing away) pennies. Only about 1 in 5 trades will result in significant profits.
 
TheMordy said:
Had a similar scenario with one of my strategies, went over the chart again and again, managed to cut off 20% of the bad trades, but the rest stayed.

I think this can be normal behavior, if you trade relative volatile instruments, or a volatile trading setup.

My strategy is working fine, even if the gains come from only 3 good trades a day.

Maybe a indicator freak could take out more of the bad trades, but I like it to keep it simple.

People destroy success by looking for perfection !
More...
Thank you for the coaching. Appreciate it sir.
 
What matter most


That one consistently makes more money..., than they lose

This is the nature and essence of trading - period


How to get there - there is not just one thing / aspect that matters most


Everything is important..., and everything must work in lockstep (the chain is only as strong as its weakest link)


easy peasy

RN
 
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