XJO 0.93% 7,889.6 s&p/asx 200

wink fails at daytrading, page-3

  1. 616 Posts.
    I feel for you Wink, I had 1 good day and 4 bad ones this week... enough to make me want to quit too.

    I found that I had to write my trading rules onto some cards and have them facing me when trading. Some of my rules are:
    - always trade 'on the charts', not from 'market feel';
    - if the profit looks too good, take it;
    - take a break;
    - etc.

    When I traded doing the opposite of my rules, my success rate was maybe 20%. When I traded according to the rules, over 60%.

    Wink, your analysis and posts are brilliant...
 
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