Who has made it back from the bottom?

good post


Quote from electroniclocal:

You need to completely re-build yourself after what has happened.

The steps are fairly straightforward by require discipline to impliment.
1. Write down a comprehensive written in stone trading plan.
2. Back test the trading plan to prove its consistent profitability
3. include money management and risk control including the maximum loss per trade allowed
4. Make any required adjustments to the TP after back testing.
Now come the harder part:
5. Go back to SIM trading to both forward test your TP and to rebuild your muscle memory as a trader, trading very, very small.
6. Once you have regained CP, transition into live USING THE SAME TP AND SIZE.
7. Once you have achieved CP live then look to SLOWLY increase size.

Hitting milestones at each point will force you to meet your TP requirements.

EL
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Quote from Businessman:


The OP must mentally prepare for a long road ahead.

His account needs to make 1000 percent to get back to its previous high.

At circa 100% yearly returns it will take almost 5 years to get back to that high.

He might get lucky and get back there soomer, but the odds are against it.
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if its a career which it could be with controlled risk,the positivete net cash flow over the next 30 years, slowly increases and is reinvested ,the compounding will blow away the .....mythical 1000%....... which is no more than a negative thought followed by a compounding negative thought....the 2 sentences together confirm a mental foundation.... one of i can't ...and two.. here's why...the psycholgical thought process needs to be tuned towards winning,in trading there are a lot of options, risk control rules out the downside,so for making it back, these two premises must be applied .......... mental preparation to win,......... risk control to break even or lose small
 
Quote from Roark:

If his account is 10% of what it was, that would mean he lost 90% of his account value. But he still has more than what he started with.
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Exactly what it means, the way its written:cool: Perhaps original -poster should buy some good business books[cash] That way, seriously, one can ''never lose it all''

Now back to the original poster question''who made it from the bottom'' ;
Answer, Did you hear the one about the tourist that asked another good question''''Any great men born in this town'' , No, an old timer said, ''only babies''

:D LOL belly laugh.

On a more serious note;
please note amoung the many trends to study,
account balances are trends also.Hope this helps.:cool:
 
Quote from murray t turtle:

===========
Exactly what it means, the way its written:cool: Perhaps original -poster should buy some good business books[cash] That way, seriously, one can ''never lose it all''

Now back to the original poster question''who made it from the bottom'' ;
Answer, Did you hear the one about the tourist that asked another good question''''Any great men born in this town'' , No, an old timer said, ''only babies''

:D LOL belly laugh.

On a more serious note;
please note amoung the many trends to study,
account balances are trends also.Hope this helps.:cool:
More...


I think there are two great ideas in there or 30 or none. Very covert writing.

thanks for that

EF
 
Quote from electroniclocal:

You need to completely re-build yourself after what has happened.

The steps are fairly straightforward by require discipline to impliment.
1. Write down a comprehensive written in stone trading plan.
2. Back test the trading plan to prove its consistent profitability
3. include money management and risk control including the maximum loss per trade allowed
4. Make any required adjustments to the TP after back testing.
Now come the harder part:
5. Go back to SIM trading to both forward test your TP and to rebuild your muscle memory as a trader, trading very, very small.
6. Once you have regained CP, transition into live USING THE SAME TP AND SIZE.
7. Once you have achieved CP live then look to SLOWLY increase size.

Hitting milestones at each point will force you to meet your TP requirements.

EL
More...


+1 Excellent post

EF
 
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