NexusFi: Find Your Edge


Home Menu

 





After a good winning period - how to maintain momentum?


Discussion in Psychology and Money Management

Updated
    1. trending_up 1,106 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

After a good winning period - how to maintain momentum?

  #1 (permalink)
 2tenor 
Tampere, Finland
 
Experience: Intermediate
Platform: Saxobank, Sierra Chart
Trading: DAX futures
Posts: 51 since Dec 2015
Thanks Given: 9
Thanks Received: 42

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.

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
Posts: 549 since Apr 2013
Thanks Given: 1,168
Thanks Received: 412


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.

Visit my NexusFi Trade Journal Reply With Quote




Last Updated on October 1, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts