Posted by DigiNomad on 27th of Jul 2023 at 12:05 pm
Fred - there is no perfect system. And, even if there were
(there isn't), if Matt created it, he wouldn't be running this
website and helping us out. He would be a multi billionaire and
accelerating quickly towards becoming a trillionaire. Try this
thought experiment - take 25K and increase it by 1% per trading day
(why not if there is a perfect system and you can lever up?).
Extend the gains out for a years worth of trading days, then
do 2 years worth (compounding the gains along the way) . The
numbers will shock you. To me, that was proof that my original
goals in trading were too aggressive (my goals at 1st were never
taking a loss and making a measly 1% per day).
I have a 38% gain since April, using primarily BPT trade ideas.
Some of my worst trades have been trading against the SPY on
my own, or taking a BPT trade signal and then not exiting per the
system, because I "knew better". So the is 38% using
BPT trade ideas, less my stupid trades usually short the SPY.
Compiling the trading journal last week made these
truths self evident....enough so that I almost doubled the amount I
was willing to put at risk on any given day.
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Fred - there is no
EDUCATIONAL POST: STS stops - again they are a guide, be open to some subjectivity
Posted by DigiNomad on 27th of Jul 2023 at 12:05 pm
Fred - there is no perfect system. And, even if there were (there isn't), if Matt created it, he wouldn't be running this website and helping us out. He would be a multi billionaire and accelerating quickly towards becoming a trillionaire. Try this thought experiment - take 25K and increase it by 1% per trading day (why not if there is a perfect system and you can lever up?). Extend the gains out for a years worth of trading days, then do 2 years worth (compounding the gains along the way) . The numbers will shock you. To me, that was proof that my original goals in trading were too aggressive (my goals at 1st were never taking a loss and making a measly 1% per day).
I have a 38% gain
Posted by steveo on 27th of Jul 2023 at 12:13 pm
I have a 38% gain since April, using primarily BPT trade ideas. Some of my worst trades have been trading against the SPY on my own, or taking a BPT trade signal and then not exiting per the system, because I "knew better". So the is 38% using BPT trade ideas, less my stupid trades usually short the SPY. Compiling the trading journal last week made these truths self evident....enough so that I almost doubled the amount I was willing to put at risk on any given day.