Correct. I am just saying that you should not always give with the expectations to get. Sometimes you give because in the end, you will receive -- but it will be indirectly. So in other words, don't get discouraged because no one is giving feedback on the spreadsheet. Know that it all works out in the end.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following 5 users say Thank You to Big Mike for this post:
I am attaching an xls that I use to analyze best scales and initial stop loss placement.
I have two objectives, first to share with fellow MBT's and hope this will help you the same way it helped me, and second to ask for corrections and suggestions.
This is very simple compared to other xls posted here but the objective is very focused too, just to milk a specific trade as much as possible.
I do not backtest but I like to follow a trade (or a new product) and take manual records for months before adopting it.
All the numbers are entered manually/daily, this way I have a good feeling for the specific trade and I am aware of externalities (news etc). For example if I do not trade a trend set up around news then I do not include it, on the other hand, if I am trading a breakout set up, then it should be part of the "around news" trade. So each one should decide what to include or not.
The first page shows the stats, best scales all in all out, and a reasonable stop loss location. The second page shows best scales in order to maximize r/r.
Instead of explaining in detail I will let you tear it apart (lol) and ask me questions.
I hope it helps.
The following 5 users say Thank You to meyer99 for this post:
Sounds very interesting!
Would you be willing to to share your version? Perhaps I could have a look at yours :
1. to have a look at the changes you made and perhaps steal some of them for future versions
2. to hopefully find an easy way for you to update
3. I was already thinking about these plots and would really like to see how they turn out!
Thanks a lot. I will have a very close look at your spreadsheet and, with your approval, might incorporate some into the journal...
Hic Rhodos, hic salta.
The following user says Thank You to vvhg for this post: