Showing posts with label MISTAKES. Show all posts
Showing posts with label MISTAKES. Show all posts
Saturday, October 8, 2011
FOLLOW UP HOW WE MAKE MISTAKES WHILE TRADING
On 23 Sept written about how we make mistakes while trading here http://kolhapuritrader.blogspot.com/2011/09/how-we-make-mistakes-while-trading.html.After analyzing decided to exclude the added new indicator.
Friday, September 23, 2011
HOW WE MAKE MISTAKES WHILE TRADING
Even though our trading system is giving good result, we added one more indicator last month and back tested, the result was even though profit remained almost same, number of trades decreased. We thought it is better to add this indicator so as to reduce number of trades, which proved wrong since if we don't added this indicator we have exited our buy (long) position 200 points earlier and also would have taken short (sell) position 200 points earlier i.e. unnecessary loss of 400 points, so once again when time permits we will analyze effect of this indicator and if necessary we will remove that indicator from our system.
CONCLUSION :- Don't try to become smart than MR. MARKET, MR. MARKET is always right, try to identify your mistake!
In performance sheet we are not changing trades taken (last and present), just in cell near where total profits/ loss is shown also show total profit/ loss without this indicator.
CONCLUSION :- Don't try to become smart than MR. MARKET, MR. MARKET is always right, try to identify your mistake!
In performance sheet we are not changing trades taken (last and present), just in cell near where total profits/ loss is shown also show total profit/ loss without this indicator.
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