Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
For a trader - optimizing rules is always important.
First I am looking back to analyze the weekday results since a bit more than a year.
Weekday results of GFIs1 tweets from January 2 2012 to now
Total points of any weekday
Monday 232 points
Tuesday 15 points
Wednesday 520 points
Thursday 75 points
Friday 296 points
Total 1138 points
As I had posted in the thread last year - the results on Tuesdays and on Thursdays are not sufficient.
Even after a longer trading period - the daily trade on these two weekdays after GFIs1's rule are not covering the broker's expenses
So some profound change in that balance has to be made NOW!
As I will not search for new rules for the small result weekdays - I am restricting my future GFIs1 day trades to:
Monday - Wednesday - Friday
This makes things much more easier without losing anything but WINNING TIME
So from now on there will be only three GFIs1 trades a week. This means a monday trade which did
not happen because of a holiday (likely to come right now) will be on a Tuesday instead.
Hope we get more great results and put more weight on the better weekdays.
The result isn't that surprising since the tendency of those two more weaker days alredy became apparent last year...so it's only consistent to cut these days out in the future.
...So, maybe you want to get out by time when 7730 is reached before you might give back too many points until 15.00 ? Just a suggestion, and NOT according to your rules...
Sweet Indeed. Thanks for your excellent work, hope to join in the journal fun later this year. Trend death confirmed if ES also drops its extensions in the pottty. Else we continue to flip chop.
.. according to my rules - I will exit as proposed
but indeed the push up was earlier and hefty.
As I mentioned in my first post - the trade might unfold
within the time foreseen - which is most of the time a
good entry/exit combo. With that a thorough follow-on
the trade should then not be necessary.
As always - some exceptions DO happen ;-)
Thanks @Daytrader999 for the good idea!
