Day Trading Futures

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start a thread, n show ur 'system' :lol:
system???
my system???

nice.....its was lighter note replies with Ravi bhai ...

but with stronger note...yes..i will disclose my methods/system after i complete 12 continuous successful trading month ...(it was at 6 month in row now...)

my finding in last 5 years in share/commodity market is trading as simple as that..(if we handle with proper MM)
 

TradeJoker

Well-Known Member
system???
my system???

nice.....its was lighter note replies with Ravi bhai ...

but with stronger note...yes..i will disclose my methods/system after i complete 12 continuous successful trading month ...(it was at 6 month in row now...)

my finding in last 5 years in share/commodity market is trading as simple as that..(if we handle with proper MM)
pls take my comment also in lighter note :)
 

manishchan

Well-Known Member
Very Well Said !!! :)

Losing to Win: How profits come from risk management


Peter Brandt, my favorite Trader, has written a communication on the topic: "Losing to Win". Peter says traders have an "obsession with being "right," or put another way, their concern that this or than analysis might be "wrong." When a trader is worried about losses, such mental worries become a major hurdle to profitability. "Professional traders understand that the goal of trading is to make money, not to be right. Making money in the markets requires losses -- a lot of losses. ............. My default frame of mind as I enter any trade is that it will be a loser." The management of losses does not come from searching for a better indicator. It comes improved handling of risk.


My Notes:

To come in a frame of mind that accepts losses:

(a) Check out your volume. Are you overtrading?

(b) Accept that any trading method will be right only 40% to 50% of the time.

(c) Understand the concept of 'runs'. Often, a method that is right 50% of the time, may have six consecutive losses and then six consecutive gains. The net result is 50% winners. Understand that runs will happen all the time.


Source : Sudarshan Sukhani
 
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