Aliassmith Beats a "Dead Horse"

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LeMercenaire
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Jan 12, 2021 3:09 am

aliassmith wrote:If you are trying to get better at trading then you will need to study yourself and the market.

One interesting test to do is when you feel like you should close your positions leave 5 to 10% still running and keep a log of what happens to that last piece.

You can see if you are exiting trades where you should be. You might discover 80% of your trades go 20% longer.

Keep a log of your TP and see if you under guess or over guess. This works with losses also. You could find out if you make your SL to tight or too loose.

You won't know any of it if you don't track and study it.


How anyone can expect to get anywhere without running a journal of some sort - even the most basic - is beyond me.

Memory is too subjective and you remember the bad things out of all proportion over the good things that happened.

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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Tue Jan 12, 2021 8:19 am

I started trading for the year this week. It was going well until I accidentally put in an order that was 10 times the size. It went against me right away. It was ugly!

Time to get a shovel and dig out.
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Jan 12, 2021 4:02 pm

aliassmith wrote:I started trading for the year this week. It was going well until I accidentally put in an order that was 10 times the size. It went against me right away. It was ugly!

Time to get a shovel and dig out.

I've done that once I think - was the quickest trade I'd bailed on ever when I realised! Skin of teeth survival, lol.

Bizarrely I almost topped it by going in on something and getting really miffed that it wouldn't fill quickly enough, then realising I was, err...slightly out on a decimal point ;)

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Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Tue Jan 12, 2021 4:30 pm

LeMercenaire wrote:
aliassmith wrote:I started trading for the year this week. It was going well until I accidentally put in an order that was 10 times the size. It went against me right away. It was ugly!

Time to get a shovel and dig out.

I've done that once I think - was the quickest trade I'd bailed on ever when I realised! Skin of teeth survival, lol.

Bizarrely I almost topped it by going in on something and getting really miffed that it wouldn't fill quickly enough, then realising I was, err...slightly out on a decimal point ;)


Does your DOM not have buttons where you can save position sizes?

On mine I just: enter a quantity, CTRL+CLICK a button to store the value, and then save settings.

DOM+SETUP.png
DOM+SETUP.png (64.43 KiB) Viewed 321 times

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Tue Jan 12, 2021 6:25 pm

IgazI wrote:
LeMercenaire wrote:
aliassmith wrote:I started trading for the year this week. It was going well until I accidentally put in an order that was 10 times the size. It went against me right away. It was ugly!

Time to get a shovel and dig out.

I've done that once I think - was the quickest trade I'd bailed on ever when I realised! Skin of teeth survival, lol.

Bizarrely I almost topped it by going in on something and getting really miffed that it wouldn't fill quickly enough, then realising I was, err...slightly out on a decimal point ;)


Does your DOM not have buttons where you can save position sizes?

On mine I just: enter a quantity, CTRL+CLICK a button to store the value, and then save settings.

DOM+SETUP.png


I was on the MT4 app and was switching size.
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Jan 12, 2021 6:51 pm

IgazI wrote:
LeMercenaire wrote:
aliassmith wrote:I started trading for the year this week. It was going well until I accidentally put in an order that was 10 times the size. It went against me right away. It was ugly!

Time to get a shovel and dig out.

I've done that once I think - was the quickest trade I'd bailed on ever when I realised! Skin of teeth survival, lol.

Bizarrely I almost topped it by going in on something and getting really miffed that it wouldn't fill quickly enough, then realising I was, err...slightly out on a decimal point ;)


Does your DOM not have buttons where you can save position sizes?

On mine I just: enter a quantity, CTRL+CLICK a button to store the value, and then save settings.

DOM+SETUP.png


This was AGES ago...I think I even still had hair! ;) Learning time.

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Jan 15, 2021 12:34 am

An acquaintance of mine and I was discussing investing. I knew that in 2020 he took over a defunct 401k plan from his employer.

I asked him how he did since taking it over. He seemed embarrassed to say. I told him it can't be that bad. So he said It started down 5% on the year and I'm positive 103%.

Wow thats great for a 401k account. He told me well I really expected to make over 150%. All I could do was shake my head.
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