Your trading New Year's resolutions?

sef88 said:
Something it's better not to fiddle with your systems too much haha
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And sometimes it does.
My current method was born out of a formula experiment which I dumped, then revisited some weeks later because I thought, "hmmmm, that formula I dumped, let me look at it again".
It had a faint trace of being workable.
When I put it into practice, I straight out lost 10's of thousands of dollars over numerous trades.
So, licking my wounds, stopped trading altogether everything for 6 weeks and just studied the fiasco algo, because somehow it still smelt of something there.
Then I traded it again and it began to work.
It took experience how to apply.
The end result was I binned all my old methods, computers, coding, software, old ideas, everything.
Most of my past theories tipped upside down.
This in the past 2 years.
 
I need to re-enter winning setups like ACY today, I bought early but trail stopped out way too soon, it ripped 6 to 30. Doh!
 
themickey said:
And sometimes it does.
My current method was born out of a formula experiment which I dumped, then revisited some weeks later because I thought, "hmmmm, that formula I dumped, let me look at it again".
It had a faint trace of being workable.
When I put it into practice, I straight out lost 10's of thousands of dollars over numerous trades.
So, licking my wounds, stopped trading altogether everything for 6 weeks and just studied the fiasco algo, because somehow it still smelt of something there.
Then I traded it again and it began to work.
It took experience how to apply.
The end result was I binned all my old methods, computers, coding, software, old ideas, everything.
Most of my past theories tipped upside down.
This in the past 2 years.
More...

Personally, I try to tap on well researched risk premia that is less likely to experience decay in performance e.g. trend following, volatility risk premium, all-weather etc. Then I add bells and whistles with risk management layer. Life is too short to lose money on investment and trading.
With leftover cashflow, then I divert to more sophisticated strategies and lower timeframes that's more likely to experience strategy decay.
 
For me, it is definitely going to be sticking more to my framed plan, not changing my moves at the end moment and other than that, not over trading.
 
maxinger said:
No major change to my trade plan.

I have to do some housekeeping.
Those lazy futures which hardly move (especially bonds ) will be sent to the archive bin.
I will add more futures for trading
especially those commodity futures from the China Exchanges.
Foreigners can now trade some of the products from the China Exchanges.
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completed.
Time to set up next year's resolution.
 
I have not decided on anything specific for this year but I will try to pick some untouched exotic pairs as after a pandemic every economy is recovering at a good pace. Also I will do some brainstorming in analyzing the trends of pairs in the past that will help me to make new strategies to invest.
 
Catching more

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