So, I will be funding an account later this week to start live trading based on recent success paper trading (two months -- a few sessions per week, with +80% profits and relatively small drawdowns). While technically I experienced drawdowns up to 10%, I did not have any losing trading sessions. We'll see if that trend continues...
I do not follow a mechanical system. Been there, done that. I do not use predetermined stop loss or take profit, I follow the rhythms and riffs of the PA and my intuition. Not everyone is gonna like that or be able to follow along, but hey, that's what works for me. In my experience, mechanical trading leads to inconsistent and unsatisfactory results. That is not to say it doesn't work for some people, but I think it is more important to be agile and adaptive on the battlefield, which most "systems" don't really allow or encourage.
Props to FTI for getting me on the right track with all this. If you have not read his thread at least once through, you should do so (IMO). I do not claim to trade "FTI's method" if such a thing exists, but I learned from him how to trade consistently in a style that works for me. And I have a lot of room to grow, which is part of my reason for starting this journal. I think we can all learn from each other.
Well until the trades start rolling, I'll write a bit about my trading strategy (later).
I do not follow a mechanical system. Been there, done that. I do not use predetermined stop loss or take profit, I follow the rhythms and riffs of the PA and my intuition. Not everyone is gonna like that or be able to follow along, but hey, that's what works for me. In my experience, mechanical trading leads to inconsistent and unsatisfactory results. That is not to say it doesn't work for some people, but I think it is more important to be agile and adaptive on the battlefield, which most "systems" don't really allow or encourage.
Props to FTI for getting me on the right track with all this. If you have not read his thread at least once through, you should do so (IMO). I do not claim to trade "FTI's method" if such a thing exists, but I learned from him how to trade consistently in a style that works for me. And I have a lot of room to grow, which is part of my reason for starting this journal. I think we can all learn from each other.
Well until the trades start rolling, I'll write a bit about my trading strategy (later).