i'm still trying to unwind mistakes from months ago
slowly got my trading account down from 19 stocks to 3
trouble with largish holdings is possibly throwing money away by chasing the price down
my positions will be marked to market at 30th June if i choose so i've been including running losses in my record keeping so far this calendar year
i don't care whether my trades are profitable/breakeven/losses, just want to get the best price within a set timeframe
markets are very unpredictable at the moment so capital preservation is first priority
i've had to trim my personal estimates for the year a couple of times and am likely to underperform the past two years (has been a tough year though imo)
i've had losses coming out of my earholes, might even break my record of 48% winning trades to the downside over the period - have to take the wl ratio into consideration too
don't want to be too self critical though because it's not realistic to be banging in profits on a weekly basis in the current environment unless you're a super trader - and i'm certainly not, lots of hard work and self analysis needed along with new skill sets
saw a couple of articles over the weekend below plus previous self analysis
wl ratio - average winning trade inc bkge divided by av losing trade inc bkge
http://www.fxtechstrategy.com/why-are-you-concerned-about-your-win-loss-ratio
http://newtraderu.com/
- Forums
- ASX - Day Trading
- weekend aftermarket lounge 25-28th may
i'm still trying to unwind mistakes from months agoslowly got my...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)