100% bad luck or bad timing? -
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thread: 100% bad luck or bad timing?

  1. #11
    Junior Member PapiJavi's Avatar
    7
    Another sorrowful exit for me personally overlooked a ton

  2. #12
    Junior Member PapiJavi's Avatar
    7
    Another sad thing, I was drunk and THOUGHT I put a buy order on april 19th slept and night. Market retracted and went again. should kill myself or quit forex? Both wont happen right?

  3. #13
    Junior Member racltt's Avatar
    26
    Hi akash,

    Some ideas from the hope of helping a bit...

    From what I see, you don't have a clear trading system defined, otherwise you would not be hedging your trades and asking yourself, when the trades turned in your favor why would you hedge! I figure that if market had turned from the first trades you would had said hopefully I hedged!

    Afterward, you regained your losses by martingaling and that's not wise money management, that's bet direction, should you martingale commerce had turned against youpersonally, a good part of your account could be gone by now but you're fortunate this time, great for you.

    Therefore my advice, if you haven't completed it , write down your trading rules, and respect them, have a egy to enter and depart because having that, you don't need to hedge anymore, then apply some conservative cash management like when your balance goes down, accommodate, lower your lot size (risk) accordingly rather than the contrary...

    Well, then, neither kill yourself, nor kit, most of us go through times where we all exchange like shit.

    Best of fortune

  4. #14
    Senior Member Rororo93's Avatar
    102
    If you're putting two trades then beginning to hedge with double the dimensions simply because it is dring just a bit against you a couple of hours later... You're chasing profits and trading also significant. You either hedge for a more compact size to scalp because you're indecisive or hedge for a larger size because you've understood you were wrong and have come up with a way to play it to your benefit. You shouldn't be squaring positions because of drift.

    Additionally, what you're doing isn't really hedging. You have a long way to go.

    The response is bad timing.

  5. #15
    If you are placing two transactions then beginning to hedge with double the size simply because it's dring just a little bit against you a few hours later... You're chasing profits and trading too significant. You hedge for a more compact size to scalp because you are indecisive or hedge for a larger size because you've realized that you were incorrect and have come up with a way to play it to your benefit. You should not be squaring positions because of drift. Also, what you are doing isn't really hedging. You have a long way to go. The solution is poor timing.
    Redeflect,

    I have been reading your articles... Going without saying you are well versed in varying sub-aspects of trading...

    In your current egy, which sub-aspect of trading(Quant, Technical, Fundamental, Sentimental etc..) Is the most emphasis and why?

    Thanks

  6. #16
    Senior Member Tataylo's Avatar
    435
    Akash,

    What is the nature of your winning edge (your'border')?
    Why does it work profitably?
    What triumph rate does it typically deliver?

    Imho you need to be able to answer these questions, not necessarily openly, but for your own satisfaction. Knowing the triumph rate can help you to gauge whether you're only going through a bad patch, or whether your egy needs overhauling.

    I see by your profile that you're from India. Do you follow cricket? I think a lot of batting truisms, as they apply to 5 day test matches, are analogous to trading. For instance, batting demands patience and tenacity, you need to wait patiently to the occasional poor ball to arrive, then implement perfectly to hit it to the border. With trading, you need to wait patiently for exactly the correct pattern or requirements to happen, then implement your trade perfectly, and with conviction. With both batting and trading, a lot of success depends upon getting in the right head space, in'the zone' as it's often described. A batsman sometimes goes through a poor run of low scores, however when he's got an established history of success behind him, then he knows that he's simply been unlucky, and things will gradually come right again (as they say, form is temporary, but class is permanent). Trading is similar: if you've got an established egy, you know that a streak of losses is only a temporary aberration, and that will give you the confidence to know you'll eventually get back on a winning path.

    But unless you are able to answer the three questions that I posed, it's possible that your trading is only guesswork, in which case you will likely find it difficult to keep any sort of long term winning edge, which may also affect your ability to execute your transactions with consistency and conviction.

  7. #17
    Senior Member Rororo93's Avatar
    102
    quote, I have been reading your posts... Going with no saying you are well versed in varying sub-aspects of trading... In your current egy, which sub-aspect of trading(Quant, Technical, Fundamental, Sentimental etc..) Is the most emphasis and why? Thanks
    All of the above. I really don't have a egy outside keeping my eyes on the market and having a positive PL as time passes. Everything that goes to the market can and often does change on a dime. To consider any sub-aspect of trading to be more significant than any other is to become an unfinished trader. My only objective is to handle positions in a fashion that leads me to pull more than I put in. To exchange efficiently you always have to be a few steps ahead of the market but never too many. 20 steps forward but never, ever, take over 19 steps backagain. In the conclusion of the day, month, year; that is all that matters.

    It's a marathon not a sprint... ect.

  8. #18
    quote All the above. I really don't have a egy outside keeping my eyes on the market and having a positive PL over time. Everything that goes into the market can and often does change on a dime. To look at any sub-aspect of trading to be more significant than any other is to become an incomplete trader. My sole objective is to manage positions in a fashion that leads me to pull more than I put in. To trade efficiently you always need to be a few steps ahead of the market but not too many. 20 steps ahead but not, ever, take over...
    Thank you Redeflect for sharing your own experience...

    To trade efficiently you always need to be a few steps ahead of the market but not too many.

    When you take some time, Can you provide an example of what it means to become overly way ahead of the market and why is it detrimental?

  9. #19
    Senior Member Rororo93's Avatar
    102
    quote Thanks for sharing your expertise... To exchange efficiently you always have to be a couple of steps ahead of the market but not too many. When you get time, Can you give an example of what it means to become too way before the market and why is it detrimental?
    Sometimes the market never ches upward or takes a lot more than anticipated to achieve that. If you're too far before this then it makes it harder to realize when it is not doing what you want it to do since you take your eyes off the ball. Putting an overly idealistic TP since it must go there's a prime case. Many things may happen in the time it requires that TP to be reached and with the expectation it is going to become there doesn't really mean it will. Buying retracements or bounces with the anticipation it will turn very soon when the market is giving no indiion it wants to do this is another. The market does what it does in it's own pace. It can be expected but it cannot be predicted. Any time spent waiting for it to ch upward is time that is potentially wasted. Anyone that trades futures (I do not ) needs to know well the risky nature of time as it is intrinsically linked into options pricing in order to exchange them efficiently.

    In the OP's previous post; going to sleep while expecting the market to get what he wanted is just another instance of being too much before it.

  10. #20
    Junior Member rubencixxo2013's Avatar
    1
    Another sorrowful exit for me personally overlooked a ton image
    This might assist you. You seem to be buying the shirts and selling lows. Need to examine this and determine where the buys are. Green lines indie a buy once broken. Red will be a market if broken.

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