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 Good work, that's pretty respectable. What's the basis of your approach? Trend trading bro. Cut your ...

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, 4:19pm   #25
Joined May 2013
Quote:
Originally Posted by tomorton View Post
Good work, that's pretty respectable. What's the basis of your approach?
Trend trading bro. Cut your losses and let your winners run.
I would like to document it on here but it's not easy. If this site can provide a spreadsheet like setting whereby we just input our trades with entry and exit values then it would be easier.
The infrastructure on this site is very basic.
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Old Jan 23, 2018, 4:47pm   #26
Joined Feb 2002
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Originally Posted by wallstreetking View Post
Trend trading bro. Cut your losses and let your winners run.
I would like to document it on here but it's not easy. If this site can provide a spreadsheet like setting whereby we just input our trades with entry and exit values then it would be easier.
The infrastructure on this site is very basic.

If you mean trend-following, we're actually on the same page. People get bored with me banging on about it.

The details are boring but I get into trends using any convenient entry pattern, but not early, I like to see consistent smooth trends before they become a target. I pyramid aggressively - as soon as a winner make profit equivalent to the initial capital risked I add another trade, and keep repeating that and moving stops accordingly (call it grid trading maybe?) until the stop is hit. I cut early losers aggressively - if the initial trade drops to halfway to the SL before a pyramid trade is added, I cut 80% of it: once a second trade has been added, I let them all run come what may.
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Old Jan 23, 2018, 6:58pm   #27
 
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Joined May 2003
Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.

For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. Iím too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary
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Thanks! The following members like this post: timsk
Old Jan 23, 2018, 7:42pm   #28
Joined Feb 2002
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Originally Posted by barjon View Post
Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.

For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. Iím too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary

Aaaargh! Even I haven't donme that for such a long time jon. Are you over that phase?
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Old Jan 23, 2018, 8:28pm   #29
 
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Joined May 2003
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Originally Posted by tomorton View Post
.......Are you over that phase?........
I certainly hope so! Mind you, I thought I was over it donkeyís years ago
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Old Jan 24, 2018, 3:06am   #30
 
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Joined Jan 2018
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Originally Posted by Kaeso View Post
Hi

I though it might be interesting to see how peeps of the forum did as a group last year in terms of making money (in a real account, not demo). Iíve made up a pretty basic poll here just to get an idea of what proportion made a profit etc. I've kept it anonymous (no one, including me, can see voters usernames) so be honest to get an accurate picture. If you feel you made/lost an ďinsignificantĒ amount then its up to you what you call it. Feel free to post any other info in the thread if you wanna share more details.

Enjoy the weekend

K
Here is some new traders like me which couldn't join it in 2017, but with the passage of time we'll earn profit and gain experience about earning from already joined members like you, hopefully experienced members help the new joiners
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Old Jan 24, 2018, 6:53am   #31
 
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Joined Jan 2018
Glad to learn that the people who made a profit last year are more than the people who didn't
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Old Jan 24, 2018, 11:45am   #32
Joined Jan 2009
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Originally Posted by barjon View Post
Main account finished on the right side although I found UK ftse100 shares pretty difficult and they jerked me around a lot.

For the first time in over 30 years I managed to bust a play account and run it to £15 from £3500. Iím too embarassed to tell you about the awful trading involved . Suffice to say it was about obstinate insistence on the short side despite continuing evidence to the contrary
Were your trades based on pure speculation or were you following a mechanical strategy?
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