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Hedging/averaging trades without prediction

  • #2,861
  • Apr 17, 2024 12:50pm Apr 17, 2024 12:50pm
Quoting Fagin
Yaaaayyyyyy! £3.21 tax free. Love it! Just need to scale it 100x
exactly, its easy to do
  • #2,862
  • Apr 17, 2024 1:07pm Apr 17, 2024 1:07pm
Quoting T721
{quote} exactly, its easy to do
Thanks for the tip, T. Never stop learning
  • #2,863
  • Apr 17, 2024 1:38pm Apr 17, 2024 1:38pm
Quoting T721
{quote} exactly, its easy to do
Have you ever seen the gap not been filled?
Do you have a cut-loss plan?
  • #2,864
  • Apr 17, 2024 2:03pm Apr 17, 2024 2:03pm
Quoting jimsxxl
{quote} Have you ever seen the gap not been filled? Do you have a cut-loss plan?
Really cant remember it not being filled. Im sure it must have happened once or twice tho
  • #2,865
  • Apr 20, 2024 5:54am Apr 20, 2024 5:54am
Quiet week, live trading +0.3% but did experiment a little so to be expected. EA -2%, sort of want the EA to fail as it’s fully automated but keeps chugging along in the green.
Sounds like a lot of screen time to me.
  • #2,866
  • Apr 20, 2024 11:20am Apr 20, 2024 11:20am
...well £600 week for me, would have been £1000 but didn't hedge my FTSE SHORT just averaged it out and as you see the FTSE just kept going up on Friday afternoon, lesson learnt trying to pick a direction ....
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  • #2,867
  • Apr 20, 2024 11:25am Apr 20, 2024 11:25am
week 8 +£2737, averaging nearly £350 per week on a £9300 investment...
  • #2,868
  • Apr 20, 2024 3:05pm Apr 20, 2024 3:05pm
Quoting Waveskierrob
week 8 +£2737, averaging nearly £350 per week on a £9300 investment...
A small hint of jealousy on my part .
Sounds like a lot of screen time to me.
  • #2,869
  • Apr 21, 2024 3:08am Apr 21, 2024 3:08am
Quoting Waveskierrob
week 8 +£2737, averaging nearly £350 per week on a £9300 investment...
Will be adding £700 to round up my investment to an even £10,000 which will bring my lots size to £1.37, starting to feel the snowballing effect of compounding, not too bad at the moment but will have to be aware of my feelings when it gets to the stage (hopefully) of increasing lots by a £pound a day...
  • #2,870
  • Apr 21, 2024 4:46am Apr 21, 2024 4:46am
Quoting Waveskierrob
{quote} Will be adding £700 to round up my investment to an even £10,000 which will bring my lots size to £1.37, starting to feel the snowballing effect of compounding, not too bad at the moment but will have to be aware of my feelings when it gets to the stage (hopefully) of increasing lots by a £pound a day...
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  • #2,871
  • Apr 21, 2024 4:54am Apr 21, 2024 4:54am
Quoting T721
{quote} {image}
Compounding, greatest invention since the wheel ...so they say...
  • #2,872
  • Apr 21, 2024 8:00am Apr 21, 2024 8:00am
Quoting Thomas.
{quote} Thanks, no i dont enter my trades randomly and the trade managememt is not random as well. I Call it Vix and dxy cycles, based on those cycles i create a higher timeframe bias for my trades on US indicies. Even my trade management is variable based on each setup (vix cycle). For example if im 1lot short and i notice im too early, i Cover it with 0.70x long, i reduce drawdown, but i still have 0.30lot net short exposure, Menaing even if price falls, i come out profitable, if price goes agains me i can close the 0.70lot buy from a higher price...
interestingly, you haven't replied for about 3 weeks and you also deleted your trade explorer after the DD was apparently too big.

i get the feeling, even in your first post here, that you lack the necessary humility to be successful in the markets in the long term.
there was something arrogant about it.

there's no shame in admitting that something didn't work out. we've all been through it here several times and sit in the same boat;-)
trading is like dancing, don't think and just listen to the music!
  • #2,873
  • Apr 21, 2024 2:12pm Apr 21, 2024 2:12pm
Quoting birdland
{quote} interestingly, you haven't replied for about 3 weeks and you also deleted your trade explorer after the DD was apparently too big. i get the feeling, even in your first post here, that you lack the necessary humility to be successful in the markets in the long term. there was something arrogant about it. there's no shame in admitting that something didn't work out. we've all been through it here several times and sit in the same boat;-)
Couldn't agree more, I'm constantly learning from failures, if you are not familiar with the Dunning Kruger Effect you are probably guilty of succumbing to it.
"The more you find out the less you know".
Sounds like a lot of screen time to me.
  • #2,874
  • Apr 21, 2024 2:48pm Apr 21, 2024 2:48pm
Quoting Waveskierrob
{quote} Compounding, greatest invention since the wheel ...so they say...
Albert Einstein called the eighth wonder of the world. “He who understands it, earns it. He who doesn't, pays it,”
Sounds like a lot of screen time to me.
  • #2,875
  • Apr 21, 2024 2:56pm Apr 21, 2024 2:56pm
How you are going to start the week guys? Do you carry DD from last week
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,876
  • Apr 21, 2024 3:05pm Apr 21, 2024 3:05pm
Quoting Kodzhamanov
How you are going to start the week guys? Do you carry DD from last week
I do yes but I could have closed all my trades before the weekend, it's a personal choice, sometimes I will close just one trade that is heavily underwater ...
  • #2,877
  • Apr 21, 2024 3:07pm Apr 21, 2024 3:07pm
I'm sitting on a tiny DD so nothing carried forward here, my biggest end of week DD has been 2.09% and got that back and more the following week. I'm still focusing on minimal DD at the moment rather than profit, Rob seems ahead of the game when it comes to making $$ so probably better to comment on carrying DD. DD not an issue for me as I'll only trade with a positive swap which makes waiting less painful.

Edit: beat me to it (above)
Sounds like a lot of screen time to me.
  • #2,878
  • Apr 21, 2024 3:10pm Apr 21, 2024 3:10pm
I am stuck in the middle of two trades. The range is 67 pips on EUR/USD. I was in a very good position, but on Friday just to prevent spikes and quick moves I placed a pending buy order above the highs and of course, the price just touched the level to open the order. Now we will fight this situation this week. Same with the short position before that. Another lesson learned last week
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Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,879
  • Apr 21, 2024 3:19pm Apr 21, 2024 3:19pm
Quoting Kodzhamanov
I am stuck in the middle of two trades. The range is 67 pips on EUR/USD. I was in a very good position, but on Friday just to prevent spikes and quick moves I placed a pending buy order above the highs and of course, the price just touched the level to open the order. Now we will fight this situation this week. Same with the short position before that. Another lesson learned last week {image}
Feels unnatural being stuck inbetween two trades but with patience you will get out of it, just don't be too heavy on just one side ...
  • #2,880
  • Apr 21, 2024 6:38pm Apr 21, 2024 6:38pm
Quoting Waveskierrob
{quote} Feels unnatural being stuck inbetween two trades but with patience you will get out of it, just don't be too heavy on just one side ...
Be a good plan to write down every weeks ftse dividend and keep a score till EOY to see how you done
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