My trades (afterwork) - Page 3
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Thread: My trades (afterwork)

  1. #21
    oxiks
    Guest
    Current situation in USD:
    Current situation in Points:

  2. #22
    oxiks
    Guest
    Stats:

  3. #23
    oxiks
    Guest
    I must review my whole trading. It's unclear, no set of rules, however, freestyle zone choosing.
    Inconsistent placing of orders good will.
    I must learn much more about market structure. I believe it will take years.
    This current state isn't sustainable and must become much better. The statistic isn't satisfying and therefore the profitability is not either.
    The entry points are hurried, the patience is inadequate, the market understanding is of little use, since it is unfounded on emotion.

  4. #24
    oxiks
    Guest
    Quote Originally Posted by ;
    GBPUSD Pending image
    Reaction

  5. #25
    SSE
    Guest
    Quote Originally Posted by ;
    I need to assess my entire trading. It is unclear, no set of rules, but freestyle zone choosing. Inconsistent placing of orders good will. I want to learn much more about market structure. I feel it will take years. This current state is not sustainable and has to become better. The statistic is not satisfying and therefore the profitability isn't either. The entry points are rushed, the patience is inadequate, the market comprehension is of little use, because it is unfounded on clarity.
    I'd like to say that you're doing really well for somebody trading after work. I think 20% return in 2 weeks is much more than fantastic, and that you ought to feel proud of your performance. Professional Finance Managers do not even bother to make this much in a year, let alone two weeks. IF you keep this up, you will have like 1000% annually

    Keep up the Fantastic work thanks for sharing your own trades with us

  6. #26
    PaolitaMutpknsky
    Guest
    Yeah, I think you are doing really well also. You can't win each and every trade however, your DD is low and equilibrium is growing consistently. I think you should be happy with your results up to now ))

  7. #27
    oxiks
    Guest
    Now's reduction: USD 263.76
    Never add to a losing position. I did.

  8. #28
    oxiks
    Guest
    Quote Originally Posted by ;
    quote I would love to state that you are doing very well for somebody trading after work. I believe 20% return in 2 weeks is more than fantastic, and that you ought to feel proud of your performance. Professional Finance Managers do not even bother to make this much in a year, let alone 2 weeks. IF you keep this up, you will have like 1000% a year continue the good work thanks for sharing your transactions with us
    I appreciate your words.
    But: Realistically:
    The realized P/L is USD 410.58. That is 8.21%, not 20%.
    Further, the equity has dropped to ca. USD 800 that if currently closed will be ca. 16%.

    The RRR over 51 transactions so much is 1:1.91, that is kind of OK, but not really. What's more, the statistic is not correct, as, as one could see if the trading style was continued up to 500 transactions, the true RRR is far lower. The low average loser of 56.46 is due to alterations of commerce sizes after placing a trade (I exchanged a too big dimensions ), but these little USD 1-10 losses significantly alter the ordinary loser. The average winning trade although is fairly correct with USD 108.05.

    The triumph rate of 39.22(W) into 60.78(L) is kind of OK, if the RRR was higher (more than a big enough sample size to avoid above mentioned statistical mistakes ).

    Yes a mere 7% per month are greater than 100 percent each year, and yes Portfolio Managers of big funds wouls be pleased to deliver 20% every year. BUT:
    The contrast of a retail trader to a traditional fund (be it Mutual/Hedge/Equity/ / Bond/Money market Fund, etc.) is useless. A fund covers its expenses through a management fee from 0.25 (ETF) to 1.5% (Activeliy Managed Funds) up to 2-3% for Hedge Funds. Further, Hedge Funds and other Funds have a Performance fee (15-20%), which is an incentive to do well.
    Hence the Assets under management (AUM) are important a) to achieve a vital mass so that transaction costs can be low, b) once a) is achieved: earn money just from the Management fee, because the scalability is huge for this business model. You do not need to multiply your staff times two, simply because you've got twice as much AUM.

    Obviously that using all the current interest rate levels net, a shitty fund using a web performance of 2% annually (which could be gross 3 percent ) is still attractive. A trader can pull 3 percent out of a** with a single commerce of RRR 1:3.
    So IF the Fund Managers where oh-so-good, then they'd trade for themselves or would return considerably greater% and therefore would charge way more. In the 90s this was the situation with some among the grade of Quantum Fund Manager George Soros. I forgot the name but his arrangement was5% Management fee, 50% performance fee. You can do that if you return 60-150% annually, which the fund did.

    Bottom line: Excellent traders with a good understanding of the FX-Market have a profit factor of 4, 4 and a RRRof 1:4.5 or similar.

    I'm nowhere near to that. Nowhere.

    I hope I could set just a little bit into perspective what FX trading functionality resembles.

  9. #29
    oxiks
    Guest
    Quote Originally Posted by ;
    YeahI think you're doing really well also. You can not win each and every transaction however, your DD is low and equilibrium is growing consistently. I think you should be content with your results so far))
    Thank you. Please read post #88.

  10. #30
    SSE
    Guest
    Quote Originally Posted by ;
    Now's reduction: USD 263.76 Never add to a winning position. I did. image
    Can you mean not add to a losing position, not a winning position?

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