Search found 8 matches

by p8
Wed Jul 07, 2004 3:37 pm
Forum: Trader Psychology
Topic: Are You Suited to Trend Following
Replies: 42
Views: 54685

Interesting quiz. If I took the quiz at certain milestones in my trading years the result would vary. It would be low on N in my first year trading with zero experience but made tons of profit. Ignorance was bliss! It would be high on N when the stock market bubble ended and still trading with no go...
by p8
Fri Jul 02, 2004 4:27 pm
Forum: Trader Psychology
Topic: dealing with whipsaws
Replies: 14
Views: 18030

Yep, most major currencies jumped through the roof this morning :shock: I read someone said, maybe Seykota, that the choice of your system parameters (or perhaps even the choice of the system itself) is a manifestation of your psychological make up. So, maybe it's more like 100% psychological :roll:
by p8
Fri Jul 02, 2004 9:52 am
Forum: Trader Psychology
Topic: dealing with whipsaws
Replies: 14
Views: 18030

There is AA (Alcoholics Anonymous). Then, there is TA, nope not technical analysis, Traders Anonymous :wink: Isn't the tribe sort of like a TA?
by p8
Thu Jul 01, 2004 9:23 pm
Forum: Trader Psychology
Topic: dealing with whipsaws
Replies: 14
Views: 18030

Been there done that. I told myself that emotion is like muscle. It needs good conditioning and practice. If I emotionally couldn't do certain thing that should have been done it usually meant that I was not ready. At least intellectually we know what should be done, so it is a good thing. What else...
by p8
Thu Jul 01, 2004 11:13 am
Forum: Testing and Simulation
Topic: Journey to turn the worst system into the best one!
Replies: 12
Views: 8866

Let's look at it using signal vs noise concept. If the system gives the opposite direction of a signal that actually goes the other way, then, yes, perhaps you can just reverse what you do and improve the result. But if the system gives a signal when it is actually just a noise, then no matter what ...
by p8
Sun Jun 27, 2004 12:14 am
Forum: Trend Indicators and Signals
Topic: The logic of exits
Replies: 8
Views: 6593

Could you elaborate on this? Wouldn't any exit have a positive expectancy provided it was not at a loss or isn't a scratch? Expectancy gives you an idea how much money you can expect your trade to make on the average per every dollar risked. You can use your past trade results (sample size) to calc...
by p8
Sat Jun 26, 2004 12:54 am
Forum: Trend Indicators and Signals
Topic: The logic of exits
Replies: 8
Views: 6593

Great topic. I used to work very hard to search for an "optimal" exit strategy which seemed to become a never ending quest. For now I settle with the idea that anything is fine as long as it gives me a positive expectancy. So, my exit is "discretionary" in a sense that I sometimes get out at target,...
by p8
Fri May 30, 2003 8:04 pm
Forum: Trader Psychology
Topic: I Hate Myself
Replies: 19
Views: 19236

I am sure we all have read that in some ways, trading is similar to sports. For example with tennis, squash, golf, or whatever sports or game we choose to play and master, we need to spend an infinite amount of court time to practice and practice... and practice. There is no way around it. Same with...