Just breaking even would have been extremely impressive to me. Can't imagine the kind of skill required to overcome the spread and commissions on such shorterm trading, let alone doing it 100 times a day.
While we are posting our equity curve pr0n, here is mine on the HSI for the 6 days I've been back at it this year. Including commish cost (Note shabby start see Blog for excuses)
Might as well join the bandwagon, this is my last couple of weeks, doesn't mean much I know but I have been trading when I can, whilst having my regular job also. My aim has been to get more and more consistent. Constant review has enabled me to sharpen up on things, I tend to do more live reviewing like TH when I can, rather than having a set time at the end of the week/month etc. I think its helped my consistency.
Yes good thread. Back to the review, at the heart of successBut let's talk trade review more because I am very interested in that.
To me trading is a business and should be run like a business. A good business operator understands their business inside and out and trading should be no different. This means understanding why it is making money (profitable periods) or why it is losing money (draw-down periods) and then acting on that information to help reduce draw-down or enhance profitable periods. Think of any successful company and they will all run extensive review processes to try to find ways to improve their businesses, so why should our trading be any different?
Finding ways to improve all aspects of your trading is made easier by understanding exactly what you are doing right and what areas you struggle in, this is where a solid review process comes in.
I needed to make some quick cash.
Yes good thread. Back to the review, at the heart of success
And sadly the same ol, same ol victims,
Think thats a tongue in cheek comment.
Otherwise might as well buy a scratchie - more thrills, less damaging.
But looking at the equity curve its clear that some never learn. Although there is enough info on these pages to make you a gun 10x over intentionally or not too many still approach it like quick money not a business.
But looking at the equity curve its clear that some never learn. Although there is enough info on these pages to make you a gun 10x over intentionally or not too many still approach it like quick money not a business.
(dont know why this is manual, I will ask them tonight)
Also, it seems to be half run by people at RCG because all the emails I get are ****@rcgdirect.com
Most aren't interested in doing the work imo. Read a few books and think it is easy without ever getting a true understanding of what really makes a trader successful.
And what do you think makes a successful trader? How many people have to get bitten before people learn there is no get rich quick? I think laziness rules. I would be interested to know how much people study etc
Work smart, not hard?
It's not just how much practice/study, it's how you practice/study imo
That would be subjective, TH. Two different people could view the same work in two different ways. Also, perhaps those 10,000 hours was hard, but now it has become easy? I got into trouble for saying I thought trading trading was easy, but I never suggested it was an easy journey.
10,000 hours of deliberative practise isn't hard??
No but if it humours anyone I will be happy.lol, this is a joke - surely?
Anyone else got an equity curve that looks like this?I would like to know if anyone else is doing the improbable. Would make me feel better.
How many times have it been said about back testing, forward testing and simming so you know you will be successful and why/when before you lay a dollar down?
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