My strategy is based around all the mental mistakes I have made through this trading experience .
Trading is not black and white , its grey . Everything is about balance , a thing one will learn over years.
Here is a rough (draft?) of my lessons learned . ( do remember the points made here are not black and white.)
1. Having one simple moving average with a method to buy above and sell below , has been one of the most profitable and most difficult tasks to master.
2. "Thinking" in the trading arena or outside of the trading arena , has cost me the most money.
3. Using time as a method for controlling mental garbage has proven to be the most effective for me . Balancing it made a dramatic increase in profits.
4. Having too many rules made me lose my trading instinct. Having no rules made me overthink everything .
5. Short trades and long trades are definitely not the same! Shorting environment and buying environment behave very different . Took me a long time to grasp that
From natures side im probably one of the worst traders . I tend to become very arrogant in my decision making , I overtrade alot and im insanely impatient.
So dont lose hope !
I will keep posts of statement/charts etc coming in the next week
THanks
Can you help answer these questions from other members on futures io?
I dont like writing too much , I like to keep it simple with just charts and stats but now I have a little time on my hands ill write about how you die quick in trading .
There are the obvious ones which I wont go over . The main one is the sensitivity level to market impact.
Many traders have a really poor understanding of how to minimize the sensitivity to market impact. This is a thing professionals spend ALOT of time on.
Will try to keep this updated when I have time .
Trading with small stops -
The problem : Very easy to wriggle out of the market . Make your sensitivity to change INSANELY big. There is a downstream of shitty feelings from constantly losing . You have to be very focused and quick . Usually only a good idea at extreme undercuts , which most of the time is where you want to accumulate stock and hold .
The "Solution" : Give yourself more time by cutting down size and increasing stops . This will slow down market impact alot .
obviously there is alot more .. and i will write when i have time
Trades were done separately from the chart.. but it was one short and one long not more. rest is analysis.. it usually takes a long time for me to trade if I do not have protection
Never get scared , stay very confident and humble.