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In my opinion
[USER=13908]@peter2[/USER] has nailed it. Having satisfaction with the effort you have put into trading successfully is the key that keeps you going, always striving to be better.

You would expect me to say something similar
In my opinion "I've nailed it as well". As a self-declared perfectionist, I've come to terms with being an "average trader" something that was hard to swallow in the early days knowing the amount of effort I've put in. Don't get me wrong as a systematic trader - I'm doing ok.

How the big boy's trade
Major trading firms invest in outstanding companies at attractive prices. By doing so they are exploiting competitive advantages in order to continually earn returns on their investments. They are extremely focused on the fundamentals of the business value, on risk-adjusted returns rather than any benchmark we as "average traders" use. They are the "Ocean liners" of trading where we are the "speed boat" - having the ability to turn on a dime.

An insight - benchmarking
[USER=13908]@peter2[/USER] post above has been sliced & diced to reinforce my next point. Posting actual trading results give others a benchmark of sorts. In business, it's all about percentages, so our focus is directed at turnover. Trading is very similar in many respects as it's all about probabilities. Focusing on a win rate is a poor metric. My winning percentage is less than a coin flip & if it was a school "report card" it would have a big red "F" circled on it - as a fail. The "Win/Loss" ratio should be the area of focus.

My trading report card - the last two calendar years
I'm posting one of my better portfolios to reinforce the point I was making in the previous sentence. The results are from a good strategy that has had a considerable amount of my time allocated to it - proving my point of being an "average trader" is okay. I've withheld the profit & loss amounts but included the commission paid in the last two years, proving "CommSec" is the real winner in this trading game. The graphic below is from the last two calendar trading years (1st Jan 2018 to 13th November 2020) - well for nearly two years. In the last two calendar years, the last quarter of 2018 & the first quarter of 2020 were difficult periods but I realise trading is a long game, a marathon not a sprint.

[ATTACH=full]114688[/ATTACH]

Trading is a tough gig - by any metric.

Skate.

<blockquote data-quote="Skate" data-source="post: 1100851" data-attributes="member: 57364">In my opinion [USER=13908]@peter2[/USER] has nailed it. Having satisfaction with the effort you have put into trading successfully is the key that keeps you going, always striving to be better.You would expect me to say something similar In my opinion &quot;I&#039;ve nailed it as well&quot;. As a self-declared perfectionist, I&#039;ve come to terms with being an &quot;average trader&quot; something that was hard to swallow in the early days knowing the amount of effort I&#039;ve put in. Don&#039;t get me wrong as a systematic trader - I&#039;m doing ok.How the big boy&#039;s tradeMajor trading firms invest in outstanding companies at attractive prices. By doing so they are exploiting competitive advantages in order to continually earn returns on their investments. They are extremely focused on the fundamentals of the business value, on risk-adjusted returns rather than any benchmark we as &quot;average traders&quot; use. They are the &quot;Ocean liners&quot; of trading where we are the &quot;speed boat&quot; - having the ability to turn on a dime.An insight - benchmarking[USER=13908]@peter2[/USER] post above has been sliced &amp; diced to reinforce my next point. Posting actual trading results give others a benchmark of sorts. In business, it&#039;s all about percentages, so our focus is directed at turnover. Trading is very similar in many respects as it&#039;s all about probabilities. Focusing on a win rate is a poor metric. My winning percentage is less than a coin flip &amp; if it was a school &quot;report card&quot; it would have a big red &quot;F&quot; circled on it - as a fail. The &quot;Win/Loss&quot; ratio should be the area of focus.My trading report card - the last two calendar yearsI&#039;m posting one of my better portfolios to reinforce the point I was making in the previous sentence. The results are from a good strategy that has had a considerable amount of my time allocated to it - proving my point of being an &quot;average trader&quot; is okay. I&#039;ve withheld the profit &amp; loss amounts but included the commission paid in the last two years, proving &quot;CommSec&quot; is the real winner in this trading game. The graphic below is from the last two calendar trading years (1st Jan 2018 to 13th November 2020) - well for nearly two years. In the last two calendar years, the last quarter of 2018 &amp; the first quarter of 2020 were difficult periods but I realise trading is a long game, a marathon not a sprint.[ATTACH=full]114688[/ATTACH]Trading is a tough gig - by any metric.Skate.</blockquote>

[QUOTE="Skate, post: 1100851, member: 57364"] [B]In my opinion [/B] [USER=13908]@peter2[/USER] has nailed it. Having satisfaction with the effort you have put into trading successfully is the key that keeps you going, always striving to be better. [B]You would expect me to say something similar [/B] In my opinion "I've nailed it as well". As a self-declared perfectionist, I've come to terms with being an "average trader" something that was hard to swallow in the early days knowing the amount of effort I've put in. Don't get me wrong as a systematic trader - I'm doing ok. [B]How the big boy's trade[/B] Major trading firms invest in outstanding companies at attractive prices. By doing so they are exploiting competitive advantages in order to continually earn returns on their investments. They are extremely focused on the fundamentals of the business value, on risk-adjusted returns rather than any benchmark we as "average traders" use. They are the "Ocean liners" of trading where we are the "speed boat" - having the ability to turn on a dime. [B]An insight - benchmarking[/B] [USER=13908]@peter2[/USER] post above has been sliced & diced to reinforce my next point. Posting actual trading results give others a benchmark of sorts. In business, it's all about percentages, so our focus is directed at turnover. Trading is very similar in many respects as it's all about probabilities. Focusing on a win rate is a poor metric. My winning percentage is less than a coin flip & if it was a school "report card" it would have a big red "F" circled on it - as a fail. The "Win/Loss" ratio should be the area of focus. [B]My trading report card - the last two calendar years[/B] I'm posting one of my better portfolios to reinforce the point I was making in the previous sentence. The results are from a good strategy that has had a considerable amount of my time allocated to it - proving my point of being an "average trader" is okay. I've withheld the profit & loss amounts but included the commission paid in the last two years, proving "CommSec" is the real winner in this trading game. The graphic below is from the last two calendar trading years (1st Jan 2018 to 13th November 2020) - well for nearly two years. In the last two calendar years, the last quarter of 2018 & the first quarter of 2020 were difficult periods but I realise trading is a long game, a marathon not a sprint. [ATTACH type="full" alt="Capture.JPG"]114688[/ATTACH] Trading is a tough gig - by any metric. Skate. [/QUOTE]

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