There are a great deal of threads and thousands of posts on the forum that talk about indicators and methods. But, for this thread, I'd like to focus more on how you trade and not so much on what you trade.
To get us started, I'd like to hear from everyone --- which of the following best describes your trading? Multiple answers are normal.
Feel free to edit the Quick Summary and add some new options after you reply
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
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(a) My win percentage is over 50%
(b) My win percentage is below 50%
(c) My winning trades are larger than my losing trades (dollar-to-dollar)
(d) My winning trades are smaller than my losing trades (dollar-to-dollar)
(e) I trade to a specific daily goal based in dollars and then stop
(f) I trade to a specific daily loss limit based in dollars and then stop
(g) I trade full time and it represents the majority of my income
(h) I trade part time but have another income that pays my bills
(i) I trade part time because I enjoy it, I don't need the money
My answers:
(a) Yes my win percentage is over 50%. I'm looking at it over a few months time.
(c) Yes my winning trades, on average, are larger than my losing trades (in dollars).
(g) Yes I trade full time and it represents the majority of my income.
Mike
Need help? 1) Stop changing things. No new indicators. No new charts. No new methods. Be consistent with what is in front of you first. 2) Start a journal and post to it every day with the trades you made. It will show your strengths and weaknesses. 3) Set goals for yourself that you can reach every day. Make them about how you trade, and not about how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. You must look within. 5) Have a question? Create a new thread so the community can help.
If you want to support our community, become an Elite Member.
(a) My win percentage is over 50%
(c) My winning trades are larger than my losing trades (dollar-to-dollar)
(g) I trade full time and it represents the majority of my income
Is this the kind of reply you were looking for BMT? Take what applies to our trading and remove what doesn't?
The following user says Thank You to daedalus for this post:
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