China's FTSE 100 swing trades

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Old Mar 23, 2013, 6:10pm   #153
 
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Re: China's FTSE 100 swing trades

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Old Mar 25, 2013, 5:35pm   #154
 
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Re: China's FTSE 100 swing trades

China Diapers started this thread OK...time-out folks. I've been writing this post as I watched the FTSE tank this afternoon, much to my annoyance.

All orders triggered, WG and TSCO stopped out, the remaining four positions aside from GFS are in the red and I plan to close these manually on tomorrows open and then close my account.

My win rate is now so bad I don't see how a chimp with a dart and copy of the Financial Times could possibly do worse, I might as well let my 11 month old daughter do my analysis for me. The £40 stop-outs are really starting to add up, I literally cannot bring myself to place another order knowing it will be stopped out for a loss within a few days and that money could have been spent buying two rounds of drinks for my mates. I know trading is not meant to be fun but I am really not enjoying this. I am not interested in looking at any other methods which may suit me better, the thought of looking at another chart makes me feel quite depressed.

Also we could be living in an authoritarian, centrally planned economy within 15 years anyway (see Capitalism, Socialism and Democracy - Joseph Schumpeter) so why waste my time with this market business (tin foil hat, tick)

It's been a pleasure trade2winners, but no more trading talk for me, you might bump into me on a coin collecting, gardening or other random forum I choose to pass my time on some day, if so be sure to say hi.

Best of luck.

Adrian aka China Diapers
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Old Mar 25, 2013, 5:37pm   #155
 
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Re: China's FTSE 100 swing trades

China Diapers started this thread Had to make one more post so I leave on a round number!
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Old Mar 25, 2013, 5:56pm   #156
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Joined Nov 2009
Re: China's FTSE 100 swing trades

Quote:
Originally Posted by China Diapers View Post
OK...time-out folks. I've been writing this post as I watched the FTSE tank this afternoon, much to my annoyance.

All orders triggered, WG and TSCO stopped out, the remaining four positions aside from GFS are in the red and I plan to close these manually on tomorrows open and then close my account.

My win rate is now so bad I don't see how a chimp with a dart and copy of the Financial Times could possibly do worse, I might as well let my 11 month old daughter do my analysis for me. The £40 stop-outs are really starting to add up, I literally cannot bring myself to place another order knowing it will be stopped out for a loss within a few days and that money could have been spent buying two rounds of drinks for my mates. I know trading is not meant to be fun but I am really not enjoying this. I am not interested in looking at any other methods which may suit me better, the thought of looking at another chart makes me feel quite depressed.

Also we could be living in an authoritarian, centrally planned economy within 15 years anyway (see Capitalism, Socialism and Democracy - Joseph Schumpeter) so why waste my time with this market business (tin foil hat, tick)

It's been a pleasure trade2winners, but no more trading talk for me, you might bump into me on a coin collecting, gardening or other random forum I choose to pass my time on some day, if so be sure to say hi.

Best of luck.

Adrian aka China Diapers
Tough roll China.
I'm sure you'll be back after the wounds have healed.
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Old Mar 26, 2013, 5:22pm   #157
 
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Re: China's FTSE 100 swing trades

Quote:
Originally Posted by China Diapers View Post
OK...time-out folks. I've been writing this post as I watched the FTSE tank this afternoon, much to my annoyance.

All orders triggered, WG and TSCO stopped out, the remaining four positions aside from GFS are in the red and I plan to close these manually on tomorrows open and then close my account.

My win rate is now so bad I don't see how a chimp with a dart and copy of the Financial Times could possibly do worse, I might as well let my 11 month old daughter do my analysis for me. The £40 stop-outs are really starting to add up, I literally cannot bring myself to place another order knowing it will be stopped out for a loss within a few days and that money could have been spent buying two rounds of drinks for my mates. I know trading is not meant to be fun but I am really not enjoying this. I am not interested in looking at any other methods which may suit me better, the thought of looking at another chart makes me feel quite depressed.

Also we could be living in an authoritarian, centrally planned economy within 15 years anyway (see Capitalism, Socialism and Democracy - Joseph Schumpeter) so why waste my time with this market business (tin foil hat, tick)

It's been a pleasure trade2winners, but no more trading talk for me, you might bump into me on a coin collecting, gardening or other random forum I choose to pass my time on some day, if so be sure to say hi.

Best of luck.

Adrian aka China Diapers
China, sorry to hear the recent bad run of results you've experienced. It seems to me though that you hadn't done nearly the amount of required testing necessary to risk real money. You shouldn't be tinkering with any aspects of your method while live trading until you know unequivocally that those changes will result in a better performance over the long haul of hundreds, or preferably thousands of trades. Also, you need very high confidence in your methods in order to execute them through the worst times, and put simply you don't have that, infact, we still don't know if your method has a positive expectation. So, enjoy your break, but if you ever decide to return to trading, you need to do it the right way to give yourself a chance.
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