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@  Tripack : (22 April 2019 - 09:32 AM) Indeed :D
@  traderpusa : (22 April 2019 - 06:29 AM) day #3 of festivities for me. sat birthday party, sun family dinner, in an hour friends coming. Don't live to work. Work to celebrate and enjoy.
@  Abdul777 : (22 April 2019 - 05:30 AM) I believe the only country where there's no Holiday, is US
@  PrabuddhaEdge : (22 April 2019 - 05:30 AM) http://www.binaryopt...egies/?p=148874
@  Abdul777 : (22 April 2019 - 05:29 AM) market won't move much at all due to the Easter Monday
@  CRAIGL : (22 April 2019 - 05:28 AM) it wont move much today will it being easter Monday?
@  traderpusa : (22 April 2019 - 05:02 AM) then get some swap until tomorrow lol
@  traderpusa : (22 April 2019 - 05:02 AM) time to short euro i think. good level.
@  traderpusa : (22 April 2019 - 04:38 AM) yes lol. seems us people are no better than cats. throw a ball and we also run or watch.
@  CRAIGL : (22 April 2019 - 04:35 AM) hard core football fans will watch any 22 guys kick a ball around
@  traderpusa : (22 April 2019 - 04:33 AM) https://gyazo.com/11...6afbde4b219e3be
@  traderpusa : (22 April 2019 - 04:31 AM) rofl. They even have all the Belgian games. Go figure. Never thought anyone outside of Belgium would be interested in those.
@  CRAIGL : (22 April 2019 - 04:30 AM) mabye ill learn some russian then lol
@  traderpusa : (22 April 2019 - 04:27 AM) Yes Craig, they have almost every game and pretty good quality but not English commentary
@  CRAIGL : (22 April 2019 - 04:23 AM) thnx 4 the site will come in handy
@  vinhcomchay : (22 April 2019 - 04:21 AM) @ PrabuddhaEdge yes that is indi I need , please share for all, thanks
@  vinhcomchay : (22 April 2019 - 04:20 AM) [url="http://www.binaryoptionsedge.com/topic/6540-high-win-rate-with-my-strategies/?p=148869#"]@[/url][color=rgb(90,90,90)][font=helvetica][size=3][background=rgb(241,246,249)] [/background][/size][/font][/color][color=rgb(34,89,133)][font=helvetica][size=3][background=rgb(241,246,249)][url="http://www.binaryoptionsedge.com/user/20453-prabuddhaedge/"]PrabuddhaEdge[/url] yes that is indi I need , please share for all, thanks[/background][/size][/font][/color]
@  traderpusa : (22 April 2019 - 04:06 AM) Took my chromecast and laptop to family yesterday and watched football all day :D
@  traderpusa : (22 April 2019 - 04:04 AM) For people like me who don't have (pay) football I highly recommend https://livesport.ws
@  CRAIGL : (22 April 2019 - 03:53 AM) yeah but Arsenal can still make CL if they win europa!


Should I Ditch My Trading Method? – Part 2

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#1 analyst75



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Posted 19 May 2016 - 04:26 AM

“Trading can be a matter of probabilities. Sometimes you'll be at the right place at the right time; at other times you won't. That's all right. If you are consumed with perfection and finding the ultimate trading opportunity, you will often miss the trades that are right in front of your nose.” – Joe Ross


Developing a Winning Trading Method 

There are repercussions to be experienced when using a certain approach. You have to think about various market conditions when creating a strategy; otherwise you would end up being frustrated. So what you need to do is to look for proven and time-tested trading setups.  You would not only need to create a speculation approach that works in the long run, but you would also need to use it flawlessly in particular market conditions. This is what would let you appreciate the merit of such trading approach.


  1. Your method needs to respect the dominant bias. Many veterans of the markets who have developed numerous trading strategies agree that they prefer to pick trades in the direction of the trend.


  1. Honestly, it would also be helpful if the method can detect when the dominant bias would be coming to an end or when it would no longer be logical to follow it. This is the real secret behind consistency.


  1. Define your entry points which stack the odds in your favor. For example, it is better to buy a pullback in the context of an uptrend or sell a rally in the context of a downtrend. This allows you to set optimal stops and targets. Buying a rally in the context of an uptrend may cause you to get stopped out before the price has the chance of moving in your favor.


  1. You must always give yourself an RRR of 1:2 or 1:3. This ensures that you make money with only 40% or less hit rate. Then if your hit rate is 50% or above, how happy you will be!


  1. It would be very difficult for you to sustain a huge roll-down on your account if you risk only 0.5% or 1% per trade. This also means that your losses are small and easily recovered.


  1. Of course you continue to trades every new setup as long as you are winning. When your losses exceed a predetermined amount, you may stop trading for the day if you are an intraday trader, or stop trading for the week if you are a swing trader, or stop for the month if you are a position trader. This is the best way to avoid continuous losses in a losing streak. By the time you resume trading, it is probable that you would stumble on a winning streak. For example, I stop trading for the month if I go down more than 7%.



It is normal to become emotional after a losing streak. However, veterans remain calm in a losing streak. They believe in their strategies. They simply know that a winning streak is around the corner, and they remain faithful to their trading rules. This has become their second nature, so easy. This is not easy for noobs who tend to ignore the realities of trading.  Market wizards experience losses triumphantly.  You too need to use subtle approaches and recognize great trading opportunities.


According to Jack Schwager, if you asked most people to categorize good trades and bad trades, you would find the answers to be quite simple… If it makes money it’s a good trade, and if it loses money, it’s a bad trade.  That’s not true at all…


His quote ends this piece:


“Any approach will give you instances of winning or losing.  If you have an effective approach, you will hopefully make more money than you lose.  If you take a trade that follows your process exactly (whatever that process may be… fundamental, technical or otherwise), and if that trade loses money, that was not a bad trade.  It’s only a bad trade if you deviate from your process and lose money.  I would go further and say that if you deviate from your process and make money, it’s still a bad trade.  People have to differentiate between trades that are consistent with a winning strategy, and trades that are inconsistent.  That’s the mark of good and bad trades.” (Source: Thoughteconomics.com)

#2 Crave



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Posted 26 March 2018 - 06:57 AM

If a trading method is a bit out-dated or it doesn't work anymore, it's better to change it. Or fix something about it and try again. 

#3 WanbutHits



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Posted 20 May 2018 - 12:46 PM

Trading requires determination and consistency. You will not be successful if you are rolling stone. But if you are trading for a while and not found success, you need to change your trading method. Find a method that suits your requirements.

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