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Hi,
Most of the traders (including me) never achieve such win/loss ratio long term. For me Your results are great.
What is even better - you are looking for answers when you dont feel comfortable in the market. This is SO important for every trader, i guess your military traning helps you are lot, even if you dont understand it.
As @Maat already said (with other words) - the market is changing, all the time. Whatever worked yesterday does not work today, but it may work tomorrow . Being a constantly succesfull trader is something i can only dream of. The only advise i can afford to give you - dont hurry, take your time. Trade only when you feel confident enough.
Thanks, the win ratio I was happy with it was the return and risk reward that bothered. In attempting to increase that things started to fall apart.
I am taking the advice given and taking a bit of a break.
One thing I noticed is that since about September the Asian markets in what I trade started getting really flat and difficult to trade. I was not prepared with adjustments for that.
I try and be pretty self critical for improvement reasons. Since I am stumped with finding improvements I am going to enjoy the water, read a book other than something to do with trading and catch up on emails to friends and family back home then back in the saddle.
Regards,
M
Those results look fantastic to me. The markets are constantly changing and evolving. It could just be a lull in the action, or maybe something more long term that will require you to modify your approach. Either way, I think you're taking the right approach by pulling back and taking a little time to yourself. I'm about ready to do the same. Call it a plateau; good time to take a break and come back fresh.
Thanks for asking. I took two months off exploring Myanmar and Laos and jumped back in. I am calmer and more focused and seem to be back on track. Last week I had a big slip but I know exactly what happened. Thinking your right before it happens is a very dangerous game to play and almost always results it hurt profits or losses. I noted the mistake and did some mental work to prevent that in the future.
The advice I was given was spot on, get away from work and clear my mind, it worked wonders and gave me a better perspective.
Regards,
MM
miktrading
Los Angeles, California
Posts: 24 since Mar 2017
Thanks Given: 4
Thanks Received: 8
That’s nice. Whatever the strategy is, you gotta have that stop placed in. No matter how stupid the trader or just poor entries that stop will keep you going. Eventually you’ll have a smooth period that suits your style and you have a string of winners. Even if your stop was in a poor spot or too tight, better get back in a few times and stopped out than wiped out. Eventually you have to figure out the stop placement because it can be death by thousand cuts. Iantg does a good job explaining some of this. R/R and day volatility, range.
. Being a constantly succesfull trader is something i can only dream of. The only advise i can afford to give you - dont hurry, take your time. Trade only when you feel confident enough.
