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Commodity Trading Discussion Forum

Re: Great Trading system!! no funds....

Posted By: Gian1
Date: Friday, 2 May 2008, at 4:42 p.m.

In Response To: Re: Great Trading system!! no funds.... (cowboy)

==>I will say if u trading for $50-$150 movement it is not hard to understand how u got blown out in one day.

Reply]
One of the things I did when putting this together was to really study my losing trades. I found MOST of the losers were winners at one point. So what I did is I tightened up the system so I am now exiting those trades while they were still winners. Which means a good amount of my losing trades are now small wins.

All the bigger wins are still there as before. he exit earlier plan has actually made those trades larger, because I am getting out before they turned on me as well.

==>Entry is the easy part, very important part, but trade management is the determinant of profitability.

Reply]
I agree. The biggest thing I had to over come is the emotional attachment to losing trades. That feeing of "If I hang on it will turn profitable again".

Now if a market dose not do exactly as I predicted, I assume I am wrong and get out while I am still making something.

==>Anyway post away-- if your good peeps will follow.

Reply]
I will be posting my trades here to start out, as kind of a test bed to see how I will eventually set up a site. Hopefully it will work out well, and I can drop it all and just trade in a relatively short amount of time.

I need $5000.00 to do what I want, preferably $10,000.00 So it may be along haul though.

If you want to print this message, you might have better results, and waste less paper if you print this printer friendly page.

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