System hopper. You need to find a single edge and stick to it.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.
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.
Trend trading bro. Cut your losses and let your winners run.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.
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. I’m 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
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 joinersHi
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). I’ve 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 “insignificant” 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