Learn from your mistakes and march on.
- #1
- First Post: Edited 2:24am Jan 19, 2022 12:27am | Edited 2:24am
- Joined Dec 2019 | Status: Trader | 5,598 Posts
- #2
- Jan 19, 2022 12:52am Jan 19, 2022 12:52am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
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- #3
- Jan 19, 2022 1:21am Jan 19, 2022 1:21am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend.
However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea.
My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
:
vs the highest profits possible in a trend trading
:
Me is wrong, most of the times, but the money management applied, somehow turns the odds into my favour.
Can only congratulate all traders that are mostly right.
Good for all of you! Keep it up like that!
However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea.
My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
: vs the highest profits possible in a trend trading
: Me is wrong, most of the times, but the money management applied, somehow turns the odds into my favour.
Can only congratulate all traders that are mostly right.
Good for all of you! Keep it up like that! Maadik Hugiis. IQ 69.
- #6
- Apr 19, 2022 12:18pm Apr 19, 2022 12:18pm
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend. However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea. My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
The problem is when i tried to switch side (cause the long term trend maybe changing to new direction)like You said , i wrong most of the time , but by keep adding small lot , my equity curve is similar to your curve .
My question is, when are we going to stop adding small lot /averaging it ? When it is time to restart it ,i still looking for it .....
Thanks before mz
- #8
- Apr 19, 2022 12:49pm Apr 19, 2022 12:49pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} Mz , Few months back, you told me to try to trade in one direction only,what i found is , the only way i could make the drawdown managable is by hedging it, and then keep adding small lot /averaging it when the signal is going to my favor .
and keep in mind, you did not get it like some ready-to-go-to-make-you-rich kind of thing!
it is your own achievement and a small victory (for now)... it will take you a lot of time, but this is the right direction without any doubts i can say it!
My question is, when are we going to stop adding small lot /averaging it ? When it is time to restart it ,i still looking for it ...
here is a small drop in the ocean of where i do my exits.
these lists are doing something like this (draw-down vs PnL is 1:30). anything 1:10 or higher is pure gold.
some small twist of the base LIVE settings mi is already trading (less successful from this new stuffs), delivers unimaginable improvements and it is impossible to come to those improvements by thinking it over. it takes experiments. very high number of experiments.
mi is running in control points, as i have complete setups on the annual trend and every tick just wastes my time...
as an idea where to start is to measure some average annual trend? and then just narrow the goals down. slightly. step by step. based solely on experiments.
p.s. just remember. if you achieve it. on your own. it will stay with you forever. and it was you. only you. who made it.
Maadik Hugiis. IQ 69.
{quote} really happy i could be useful to you!
1:10 and up, ok, thanks a lot mz
Hi MoneyZilla,
please how do you decide the one trend direction?
How would you manage your trade? Do you average down and hedge or try to exit as soon as price goes in the wrong direction?
You use Money Management as a sort of Martingale?
please how do you decide the one trend direction?
How would you manage your trade? Do you average down and hedge or try to exit as soon as price goes in the wrong direction?
You use Money Management as a sort of Martingale?
In a buy trend, one can buy higher or lower, it does not really make much of a difference. Same is valid for the sell trend. However, if one gets the trend direction wrongly, buying high, in a sell trend and selling low, in a buy trend, is not a very good idea. My best lessons came after I tried to trade just one direction. Thus mastering the lowest losses possible in a counter trend trading
- #15
- Last Post: Dec 22, 2022 8:13am Dec 22, 2022 8:13am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,477 Posts
Success = Practice + Patience + Persistence