How good are you at trading - just be honest

This is a discussion on How good are you at trading - just be honest within the Psychology, Risk & Money Management forums, part of the Methods category; Originally Posted by GeorgeTurner I'm still out of luck in forex trading. 7 of 10 orders was loss. When i ...

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Old May 14, 2018, 8:01am   #151
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Originally Posted by GeorgeTurner View Post
I'm still out of luck in forex trading. 7 of 10 orders was loss. When i got some profit i place an order with bigger lot and i loss.
maybe you didn't have confidence in your plan so emotions took over and increased position size
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Old May 14, 2018, 4:32pm   #152
 
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maybe you didn't have confidence in your plan so emotions took over and increased position size
Do daytraders use Sharpe? Or do they just look at their PnL after all day scalping?
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Old May 16, 2018, 7:02pm   #153
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Do daytraders use Sharpe? Or do they just look at their PnL after all day scalping?
I dont know.. i dont recall daytraders talking of such things very often.
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Old May 16, 2018, 9:02pm   #154
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I dont know.. i dont recall daytraders talking of such things very often.
probably because their ratio is rubbish
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Old May 18, 2018, 6:06pm   #155
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probably because their ratio is rubbish
i wouldn't dispute that
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Old Jun 5, 2018, 4:49pm   #156
 
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Originally Posted by dunitatlsatrodney View Post
Trading takes a lot more than It gives and in extreme cases it can be truly horrid.

This is a very interesting point but I don't really see how "it takes more than it gives"? Could you please explain it a bit more?
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Old Jun 8, 2018, 12:21am   #157
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I rate my trading out of 10 = 7
but at the moment 3 !
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Old Jun 8, 2018, 6:13am   #158
 
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I used to sit in front of the PC and draw lines on the charts for hours on end.
My results even after years of practice were not impressive. So I decided another approach was needed.
Knowing quite a lot about what was needed and what worked I sat down and wrote out the main points that needed consideration.
This I got coded up on MT4. Not very expensive. It took 2 false starts and coded up programmes to refine my ideas.
The third attempt appears to be successful but it is early days. I check it every couple of hours or so but no screen watching.
It has started well and made 6% in first 2 days. Not bad even if I say it myself.
Plenty of time for gardening etc.

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Thanks! The following members like this post: userque
Old Jun 8, 2018, 7:55am   #159
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I'm still learning but doing okay.

Last edited by FXX; Jun 9, 2018 at 12:40am.
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Old Jun 12, 2018, 9:43am   #160
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To be Honest, my trading experice is overall good. 60% percent i win over my trades.
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