Technical Trading Exercise (Pavilion103 and tech/a) Discussion

[fiftyeight]

As a newbie it was the first time I have seen a live trading journal.

I have read many of T/A past threads as well as a few of the books he has recommended it was good to see some of it in real time.

If anyone else takes the time to do something similar I will definitely follow it.

Not trying to emulate anyone but if somebody is offering advice ill happily take it.

 

[qldfrog]

as i started trading for real a portfolio on similar trend base detection at the very same time, I was able to compare my results and the trading of tech/a real time in parallel:
I am bad...
but can see where I was failing: stop loss ok in term of values but often traversed straigh through and these few cases destroyed any profit;
As well too many trades
death by small cuts: loss of 60$ here and there and I end up with 5 figures loss in 6 month on a raising market..yeap bad!!!
often bought too high as well, my entry points could be lower, and what a big deal if I fails...another day tomorrow
but good lesson.
and force me to take a step back and analyse my errors and highlight my weak points
Thanks again

 

[Newt]

Thanks for all the time and trouble you put into this thread Pav and Tech. I found it a fascinating read as whatever filters Tech was using was throwing up similar options to what I trade, but under quite different entry/exit conditions. Educational and thought provoking.

On another note, it really does seem rare for people to "put it out there" as to exactly what they're doing. Applause! For those starting out, just seeing some proof that it is possible to stay in the game and even turn a small profit is so important IMHO.

Rob