General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Another risk here is difficulty in predicting our winning %.
We calculate it as 50% and settle for 1:2 Risk reward and expect a positive after 3-6 months and we realise our winning is 30-35% now and now we are running at fixed deposit income from trading. Again we tweak the risk reward 1:3 for better outcomes so that we do better than FD. Then succes ratio falls. I guess this tweaking business is there for sometime for beginners
We calculate it as 50% and settle for 1:2 Risk reward and expect a positive after 3-6 months and we realise our winning is 30-35% now and now we are running at fixed deposit income from trading. Again we tweak the risk reward 1:3 for better outcomes so that we do better than FD. Then succes ratio falls. I guess this tweaking business is there for sometime for beginners
Very good article ST !!
1. Many traders try to predict the trade sequences .. (for eg:, if 5 trades are winners in a row, then they expect the sixth trade to be a loser and would not pull the trigger or would reduce the size drastically expecting a losing trade) .. The worst part is when we reverse the situation..if 5 trades are losers in a row, then they increase their size for the 6th trade expecting a winner. But, market gives another losing trade. Now, they are deep hole(both mentally and financially). it is often easy to come out of financial ruin but if we drain our mental capital, it will create chaos. Sequencing assumption can be very fatal in trading !! Most of us dont talk about it but this bias is very real.
2. Article says "Over time, it is a virtual certainty that at some point all traders will suffer a long series of losing trades." - Many of us think that it would never happen to us. But over a period of 1000/10k trades, it will happen. There is no guarantee in trading but this is a done deal !! So, preparing for the worst case scenario would save us from the 'rare' event of hitting the worst case scenario.
Happy trading all
1. Many traders try to predict the trade sequences .. (for eg:, if 5 trades are winners in a row, then they expect the sixth trade to be a loser and would not pull the trigger or would reduce the size drastically expecting a losing trade) .. The worst part is when we reverse the situation..if 5 trades are losers in a row, then they increase their size for the 6th trade expecting a winner. But, market gives another losing trade. Now, they are deep hole(both mentally and financially). it is often easy to come out of financial ruin but if we drain our mental capital, it will create chaos. Sequencing assumption can be very fatal in trading !! Most of us dont talk about it but this bias is very real.
2. Article says "Over time, it is a virtual certainty that at some point all traders will suffer a long series of losing trades." - Many of us think that it would never happen to us. But over a period of 1000/10k trades, it will happen. There is no guarantee in trading but this is a done deal !! So, preparing for the worst case scenario would save us from the 'rare' event of hitting the worst case scenario.
Happy trading all
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Today I am on Truedata's velocity 7 day free trial. This is what my experience so far.
1. Data updates with a lag. LTT on my NOW terminal shows many change/blink of price but Truedata is catching upto them with a delay. Few changes are never being caught and price on my Amibroker stays as it is. For eg - price on Ami was 7850.3 and on terminal it was 7850.3. Terminal changes through 50.8 - 50.5 - 50.3 - 50.1 - 50.3. But on Ami, it still shows 50.3 only. Then on terminal price drops to 7848, Ami stays at 50.3 for 3 more seconds. Then on Ami price drops to 48.7, At that time terminal shows 47.15..
My net connection is fine. Checked the feed with 2G and 3G. On 2G truedata lags more. GFDL was working same in both 2G/3G. Latency was very less in case of GFDL.
2. Compared few candle's OHLC from NOW's hourly statistic OHLC. On few candle's High/low are showing wrongly. Even after a force backfil from Velocity candles are not showing correct data. Lets see if at EOD they update it and change the candle.
3. Trudata's customer care urges to turn off firewall, keep the User account control setting to Low and also turn of antivirus. GFDL feed was working fine with firewal turned on, account control setting at High and Antivirus ON.. This is the major drawback I feel..
So far these two issues are quite serious for me, and I think I wont wait for 7 days of trial to complete. Thnking of re-subscribing to GFDL tomorrow itself. Still will wait for tonight.
1. Data updates with a lag. LTT on my NOW terminal shows many change/blink of price but Truedata is catching upto them with a delay. Few changes are never being caught and price on my Amibroker stays as it is. For eg - price on Ami was 7850.3 and on terminal it was 7850.3. Terminal changes through 50.8 - 50.5 - 50.3 - 50.1 - 50.3. But on Ami, it still shows 50.3 only. Then on terminal price drops to 7848, Ami stays at 50.3 for 3 more seconds. Then on Ami price drops to 48.7, At that time terminal shows 47.15..
My net connection is fine. Checked the feed with 2G and 3G. On 2G truedata lags more. GFDL was working same in both 2G/3G. Latency was very less in case of GFDL.
2. Compared few candle's OHLC from NOW's hourly statistic OHLC. On few candle's High/low are showing wrongly. Even after a force backfil from Velocity candles are not showing correct data. Lets see if at EOD they update it and change the candle.
3. Trudata's customer care urges to turn off firewall, keep the User account control setting to Low and also turn of antivirus. GFDL feed was working fine with firewal turned on, account control setting at High and Antivirus ON.. This is the major drawback I feel..
So far these two issues are quite serious for me, and I think I wont wait for 7 days of trial to complete. Thnking of re-subscribing to GFDL tomorrow itself. Still will wait for tonight.
Today I am on Truedata's velocity 7 day free trial. This is what my experience so far.
1. Data updates with a lag. LTT on my NOW terminal shows many change/blink of price but Truedata is catching upto them with a delay. Few changes are never being caught and price on my Amibroker stays as it is. For eg - price on Ami was 7850.3 and on terminal it was 7850.3. Terminal changes through 50.8 - 50.5 - 50.3 - 50.1 - 50.3. But on Ami, it still shows 50.3 only. Then on terminal price drops to 7848, Ami stays at 50.3 for 3 more seconds. Then on Ami price drops to 48.7, At that time terminal shows 47.15..
My net connection is fine. Checked the feed with 2G and 3G. On 2G truedata lags more. GFDL was working same in both 2G/3G. Latency was very less in case of GFDL.
2. Compared few candle's OHLC from NOW's hourly statistic OHLC. On few candle's High/low are showing wrongly. Even after a force backfil from Velocity candles are not showing correct data. Lets see if at EOD they update it and change the candle.
3. Trudata's customer care urges to turn off firewall, keep the User account control setting to Low and also turn of antivirus. GFDL feed was working fine with firewal turned on, account control setting at High and Antivirus ON.. This is the major drawback I feel..
So far these two issues are quite serious for me, and I think I wont wait for 7 days of trial to complete. Thnking of re-subscribing to GFDL tomorrow itself. Still will wait for tonight.
1. Data updates with a lag. LTT on my NOW terminal shows many change/blink of price but Truedata is catching upto them with a delay. Few changes are never being caught and price on my Amibroker stays as it is. For eg - price on Ami was 7850.3 and on terminal it was 7850.3. Terminal changes through 50.8 - 50.5 - 50.3 - 50.1 - 50.3. But on Ami, it still shows 50.3 only. Then on terminal price drops to 7848, Ami stays at 50.3 for 3 more seconds. Then on Ami price drops to 48.7, At that time terminal shows 47.15..
My net connection is fine. Checked the feed with 2G and 3G. On 2G truedata lags more. GFDL was working same in both 2G/3G. Latency was very less in case of GFDL.
2. Compared few candle's OHLC from NOW's hourly statistic OHLC. On few candle's High/low are showing wrongly. Even after a force backfil from Velocity candles are not showing correct data. Lets see if at EOD they update it and change the candle.
3. Trudata's customer care urges to turn off firewall, keep the User account control setting to Low and also turn of antivirus. GFDL feed was working fine with firewal turned on, account control setting at High and Antivirus ON.. This is the major drawback I feel..
So far these two issues are quite serious for me, and I think I wont wait for 7 days of trial to complete. Thnking of re-subscribing to GFDL tomorrow itself. Still will wait for tonight.
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