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Confessions of a Hobby Trader
Just when you start to believe you are a rockstar the market has an unkind way of bringing you back to reality. When you let complacency enter your mindset you will keep doing what you are doing until you make a conscious decision to pivot.

[ATTACH=full]166933[/ATTACH]

The Hybrid Strategy
I'm proud of my Hybrid Strategy, which has evolved significantly since its inception in July 2015. In February 2020, COVID-19 forced the Hybrid strategy into cash. With no trading, it afforded me the time to refresh the Hybrid strategy and adapt it more in line with changing market conditions.

During the period from March 2020 to July 2021, everything I touched seemed to turn to gold. I felt like a god, with the strategy performing exceptionally well. However, the next 12 months were challenging. I became too aggressive finding out that my "Index Filter" lost its effectiveness.

As the new 2022-2023 financial year began, I shifted my focus from a profit-driven strategy to a drawdown-driven strategy. I slowly realised when profits drove the strategy, "risk" was being pushed into the background. To address this, I added a new filter to the buy condition. Incorporating a "Percentage Up" buy filter made an immediate positive impact. At the same time, all my efforts went into formulating a "multi-dimensional exit strategy", which also improved the strategy's performance.

While my Hybrid Strategy is still a work in progress, I'm proud of the progress I've made and the lessons I've learned along the way. I'm committed to continuing to refine and improve it, to achieve even better results in the future.

Skate.

<blockquote data-quote="Skate" data-source="post: 1254944" data-attributes="member: 57364">Confessions of a Hobby TraderJust when you start to believe you are a rockstar the market has an unkind way of bringing you back to reality. When you let complacency enter your mindset you will keep doing what you are doing until you make a conscious decision to pivot. [ATTACH=full]166933[/ATTACH]The Hybrid StrategyI&#039;m proud of my Hybrid Strategy, which has evolved significantly since its inception in July 2015. In February 2020, COVID-19 forced the Hybrid strategy into cash. With no trading, it afforded me the time to refresh the Hybrid strategy and adapt it more in line with changing market conditions.During the period from March 2020 to July 2021, everything I touched seemed to turn to gold. I felt like a god, with the strategy performing exceptionally well. However, the next 12 months were challenging. I became too aggressive finding out that my &quot;Index Filter&quot; lost its effectiveness.As the new 2022-2023 financial year began, I shifted my focus from a profit-driven strategy to a drawdown-driven strategy. I slowly realised when profits drove the strategy, &quot;risk&quot; was being pushed into the background. To address this, I added a new filter to the buy condition. Incorporating a &quot;Percentage Up&quot; buy filter made an immediate positive impact. At the same time, all my efforts went into formulating a &quot;multi-dimensional exit strategy&quot;, which also improved the strategy&#039;s performance.While my Hybrid Strategy is still a work in progress, I&#039;m proud of the progress I&#039;ve made and the lessons I&#039;ve learned along the way. I&#039;m committed to continuing to refine and improve it, to achieve even better results in the future.Skate.</blockquote>

[QUOTE="Skate, post: 1254944, member: 57364"] [B]Confessions of a Hobby Trader[/B] Just when you start to believe you are a rockstar the market has an unkind way of bringing you back to reality. When you let complacency enter your mindset you will keep doing what you are doing until you make a conscious decision to pivot. [ATTACH type="full"]166933[/ATTACH] [B]The Hybrid Strategy[/B] I'm proud of my Hybrid Strategy, which has evolved significantly since its inception in July 2015. In February 2020, COVID-19 forced the Hybrid strategy into cash. With no trading, it afforded me the time to refresh the Hybrid strategy and adapt it more in line with changing market conditions. During the period from March 2020 to July 2021, everything I touched seemed to turn to gold. I felt like a god, with the strategy performing exceptionally well. However, the next 12 months were challenging. I became too aggressive finding out that my "Index Filter" lost its effectiveness. As the new 2022-2023 financial year began, I shifted my focus from a profit-driven strategy to a drawdown-driven strategy. I slowly realised when profits drove the strategy, "risk" was being pushed into the background. To address this, I added a new filter to the buy condition. Incorporating a "Percentage Up" buy filter made an immediate positive impact. At the same time, all my efforts went into formulating a "multi-dimensional exit strategy", which also improved the strategy's performance. While my Hybrid Strategy is still a work in progress, I'm proud of the progress I've made and the lessons I've learned along the way. I'm committed to continuing to refine and improve it, to achieve even better results in the future. Skate. [/QUOTE]

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