A) I will be posting Strategy Trades for 5 core strategies which will be called:
1) S&P Active 2) S&P Power 3) Forex 4) Index Selector 5) Opportunistic
B) Signal Posting will largely be at the end of the trading day. So thats between 4 & 5pm NY Time
C) The way you trade these signals is your choice in terms of whether you utilise ETFs, Futures or spot
D) Position Sizing. This is again left to yourself but what i would suggest until you get use to the level of drawdown for each system is to trade with the absolute minimum trade size available. Always the right approach (even better still is to watch the trades and not employ any capital for a series of trades just to gain some confidence with the strategies and systems). I will however annotate clearly my position size taken at the time of entry to give guidance
E) Stops. These will be posted with trade alerts if applicable. However from considerable backtesting, I have found that stops do not work better than allowing trades to utilise the series of in built dynamic stops I have for trades which are driven off the behaviour of a series of indicators.
Monday, February 6, 2012
2011 Exit Position
2011 Exit Position 2011 Trading can be summarised as follows:
> Lack of Discipline
> Poor Money management
> Not following the strategy> Too much reading the web/browsing for the next great technical indicator etc
> Consequently, incurring financial losses, lower focus on family life than ideal, poorer health than ideal and so on
You get the idea? Not a good positionI am creating this blog because I believe I have the right strategy but just need to ensure I follow it rigidly and follow the Spreadsheet. I can't let my emotions get too high or too low in good times or bad. I just need to follow the strategy.On paper, my strategy works and it works really well.
During 2012, I will post every trade and most importantly, my psychological strength during a given time to show how flawlessly, I executed a trade and at what level. Also my running stakes and profit. I say profit because I cannot afford any losses. No more chances2012 will be the year when I win so hang on, enjoy the ride and most of all......Tradetowin...by following the rules Regards
> Lack of Discipline
> Poor Money management
> Not following the strategy> Too much reading the web/browsing for the next great technical indicator etc
> Consequently, incurring financial losses, lower focus on family life than ideal, poorer health than ideal and so on
You get the idea? Not a good positionI am creating this blog because I believe I have the right strategy but just need to ensure I follow it rigidly and follow the Spreadsheet. I can't let my emotions get too high or too low in good times or bad. I just need to follow the strategy.On paper, my strategy works and it works really well.
During 2012, I will post every trade and most importantly, my psychological strength during a given time to show how flawlessly, I executed a trade and at what level. Also my running stakes and profit. I say profit because I cannot afford any losses. No more chances2012 will be the year when I win so hang on, enjoy the ride and most of all......Tradetowin...by following the rules Regards
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