Another tough year with no real progress. Lost $3701 or -37%. Not sure where I will go in 2022 yet but will come up with a plan soon and elaborate in a future post. I may be near the end of this many, many year attempt to be profitable, one way or the other.
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https://discord.gg/wcQJKH3X
ReplyDeleteHow would you define the term you use "real progress" exactly?
ReplyDeletejust follow this strategy. Fully audited
ReplyDeletehttps://collective2.com/details/138044147
121 trades? No, thanks..
DeleteSome thoughts on you analysis summary:
ReplyDeleteOf the 11 months traded, only 3 months had a sub 50% win percentage, with 2 of those 3 pretty close to 50%. That's a solid net positive bias.
The biggest losses are among the higher winning percentages. That points to bad management in either holding onto to a loss to long or cutting winning trades too soon. It's strange to see the top 2 winning % months have negative/nominal returns.
You once told me you had trouble determining the market trend, which is why you opted for automated trades.
IMO, determining the trend in the range you're trading is crucial to capturing the biggest gains and avoid the biggest losses. The new market is so frenetic that it makes indicator/signal trading more of a wild guess but if you are on the right side of the trend, time is on your side.
Mastering trend direction forecast is key to consistent results.
"Mastering trend direction forecast is key to consistent results."
Deleteit's not a prediction, it's just a statistical probability