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After a good winning period - how to maintain momentum?
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After a good winning period - how to maintain momentum?

  #1 (permalink)
Elite Member
Tampere, Finland
 
Futures Experience: Intermediate
Platform: Saxobank, Sierra Chart
Favorite Futures: DAX futures
 
Posts: 51 since Dec 2015
Thanks: 9 given, 41 received

After a good winning period - how to maintain momentum?

I have now a good 9 weeks winning period, resulting +30% on my account.

Any advice from you fellow traders - do you try to think something special after a good winning period?
And, how did that work out?

Or, have you just succeeded to continue the same, even when you start the next losing period - which naturally will happen at some point?

*****

During 16 months live with my present system, I have got several similar good periods, but earlier I have always given the money back.
On total 16 months, I am only slightly positive, a few %.

My system is trend-following and may produce quite large drawdowns - but my analysis shows that I have also changed my own trading in many of these cases.

After some winning periods I have started to skip trades with a clear signal; breaking my own rules; etc.

THIS TIME I have promised to myself, that I will NOT give the money back voluntarily.
If my system will produce losses and I have bad luck, that's OK then, but I try to do my best to maintain the momentum!

********
About my system:

The system produces signals on DAX futures, based on 2 h MA and candle colors.

There are on average 400 signals per year, but I have a separate classifying system on those signals where the expectation (in backtest & 2 years live follow-up) is negative, and based on that I skip almost half of the original signals.

The signal system gives me the direction to trade (long or short), approximate targets (1st +60, 2nd +90, 3rd +270 DAX points) and final stoploss levels.

But, usually I dont trade directly according to signals, as I have a separate trigger / entry / exit / re-entry rules, which work on faster time frame, 5 min chart Price Action.

Therefore even the "signal" is slow and can last many days, almost all of my real trades are intraday, or max overnight.

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  #3 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Intermediate
Platform: Ninjatrader, TOS
Broker/Data: S5
Favorite Futures: ES, fine alcohol and muscle cars
 
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Posts: 416 since Apr 2013
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I take it one trade at a time. Trade type, Entry an Exit criteria are all categorized.
I have a max drawdown, max losses and max total trades. If either of those are hit I walk.

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