Did you make a profit in 2017?

This is a discussion on Did you make a profit in 2017? within the General Trading Chat forums, part of the Reception category; Originally Posted by tomorton Finally voted and answering this question. Unhappily, I lost money in 2017 but learned a lot ...

View Poll Results: Did you make a profit in the 2017?
My account grew (profit) 9 42.86%
My account stayed more or less the same (break-even) 4 19.05%
My account shrunk (loss) 5 23.81%
I didnít keep a track of all the figures so Iím not sure 3 14.29%
Voters: 21. You may not vote on this poll

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Old Jan 23, 2018, 3:39pm   #17
Joined May 2013
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Originally Posted by tomorton View Post
Finally voted and answering this question.

Unhappily, I lost money in 2017 but learned a lot nevertheless, and I'm hopeful it was a transition year for me.

January-March, I traded only Steven Primo's Strategy #4, almost wholly on FTSE350 stocks. Results were not not terrible but not as good as hoped for.

April and May I cut down on Strategy #4 and resumed swing trades using Marc Rivalland's methodology. During June and August I added a few more candlestick entry patterns and broadened targets to include FTSE SmallCaps and AIM100 stocks (in July I took a break). From August onwards trades were almost wholly in forex pairs and indices. Monthly losses reducing.

System hopper.
In September I started pyramiding winning positions and developing a pyramiding system. Monthly loss reducing again.

October was a small loss, but gaining much confidence in defining and pyramiding trend-following trades.

In November I bulked up my trading account and continued trend-following and pyramiding forex and indices. From that point I have grown the account balance by 65%. If current open trades were closed right now, the account growth since 08/11 would be +170%.

Hoping for a healthy 2018.
System hopper. You need to find a single edge and stick to it.
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Old Jan 23, 2018, 3:40pm   #18
Joined May 2013
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Originally Posted by Quantt View Post
Maybe, but I donít think so, every system will have losing trades, days, weeks, months and years... the goal is to have more winnings in the end and the magic of compounding will make you rich in the long run...
Have you backtested it?
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Old Jan 23, 2018, 3:44pm   #19
Joined Feb 2002
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Originally Posted by wallstreetking View Post
System hopper. You need to find a single edge and stick to it.

Guilty as charged.
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Old Jan 23, 2018, 3:53pm   #20
Joined Feb 2002
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Originally Posted by wallstreetking View Post
System hopper. You need to find a single edge and stick to it.

By the way, have you voted in Kaeso's poll?
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Old Jan 23, 2018, 4:00pm   #21
Joined Sep 2010
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Originally Posted by wallstreetking View Post
I have come back to this forum after a long time. Are there any threads or journals with consistent performers.
Start one
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Old Jan 23, 2018, 4:07pm   #22
Joined May 2013
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Originally Posted by tomorton View Post
By the way, have you voted in Kaeso's poll?
Yes, I did. I had 30% plus return in 2017. My £3k account now stands at £3964.
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Old Jan 23, 2018, 4:09pm   #23
Joined Feb 2002
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Originally Posted by wallstreetking View Post
Yes, I did. I had 30% plus return in 2017. My £3k account now stands at £3964.

Good work, that's pretty respectable. What's the basis of your approach?
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Old Jan 23, 2018, 4:15pm   #24
 
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Joined Jul 2017
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Originally Posted by wallstreetking View Post
Have you backtested it?
...only for a few market cycles...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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