Disliked{quote} I would be interested in.... - what you are still learning after 8 years, that is really improving your profitablity, beside adapting to market conditions? - how your learning curve looks like and how much improvement you expect to unlock by additional learning - what you have learned in regards to max leverage applied and minimizing trading costs?Ignored
- I'm amazed about how much new knowledge you get, when you read the same book (technical or fundamental) again after a few years of trading practice in between. Btw I only read books from people who are/were actual successful traders. There are so many book "trading gurus" out there who have never actually traded, it makes me sick.
- I've found out that most difficult part of trading is trading psychology. You have to become process not profit oriented. Good trade is also a trade that you lose if it was executed according to your trading plan (hell I lose 57 % of trades). This is the only way you can achieve repeatability over the long term. Developing and maintaining trading discipline never ends.
- My real leverage applied is around 3:1 or less. I found that 1 % risk per trade (max 6 % per all open positions-usually much less) is the highest % I'm comfortably willing to take. My equity curve is showing me that 2 % would give me much higher returns but my psych doesn't allow it. I like to trade stress free as I have found out I perform poorly under stress.
-I don't care about trading commissions and swaps (these are costs of doing business), I only look that spreads are not too high when I take a trade. I'm not a day trader. I average 3.4 trades per week, so trading costs are less important to me then safety of my funds (broker/bank reputation).
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