Do books help you in trading? - page 9
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
All books can be divided into several groups according to their importance:
1. Books of an advertising nature - forex enticements
Description of the basics of the market (including indicators, simple strategies...).
3. Profitable trading textbooks.
Mostly present books gr.1 ..., very few books on gr.2 ... and completely absent books on gr.3 ...
All in all - a competent advertising campaign to attract newcomers to this sector!
All books can be divided into several groups according to their importance:
1. Books of an advertising nature - forex enticements
Description of the market fundamentals (incl. indicators, simple strategies...).
3. Profitable trading textbooks.
Mostly present books gr.1 ..., very few books on gr.2 ... and completely absent books on gr.3 ...
All in all - a competent advertising campaign to attract newcomers to this sector!
Point 3 is like a "time machine", the profitability of the trading system in the past does not guarantee future earnings.
if you are not cheating yourself, it's like this:
if the drawdown on an order is significantly greater than the profit on the close of that order - this is overlapping
If an unprofitable order remains in the market for a longer time than the other orders in the TS, we are in overdoing it
if the principle "cut the losses but let profits grow" is broken quite the contrary - it is overexposure.
I have a question for everyone. Is it possible to add such an item to this list?
If in the event of a drawdown, not closing an order with a small loss on the pullback of a strong wave that was against you. And instead wait for an unlikely profit - is this also over-simulation?
point 3 is like a "time machine", past profitability of a trading system does not guarantee future profits.
Complex problems have one indisputable property - over time they are bound to be solved..., and as a rule several different solutions are found...
And in our case, statistics says that there are already 3...5% of successful traders who solved this complicated problem ( stable profitable trading )...
I have a question for everyone. Would it be possible to add such an item to this list as well:
If in case of a drawdown, do not close an order with a small loss on a pullback of a strong wave that was against you. And instead wait for an unlikely profit - then is that also over-surfacing?
yes it's overshooting, that's exactly the point (in convincing yourself) )))
If you know it's a future wave, pullback, etc. - why didn't you close a small loss and enter the market at a better price after the pullback...? If you know the future, then why did you enter the market earlier and take a small loss? ))))
SZS: stoploss is a cure for all these misunderstandings, read M.Guenther, the chapter on risk - the essence, always be prepared to lose
The point is, always be prepared to lose
Yes, Igor, it's hard to accept loss. I wish I knew the future, all I need is half an hour in advance, that would be a lot of fun
I have a question for everyone. Would it be possible to add such an item to this list as well:
If in the case of a drawdown, not to close the order with a small loss on the pullback of the strong wave, which was against you. And instead wait for an unlikely profit - is this also over-simulation?
Overshooting, but only if you have objective numerical methods for estimating the "strength" of the wave and the probability of profit. Not ex post facto estimates, but real time estimates.
Do you have any such?
Are there any of these?
Greetings, Dimitri!
Honestly, there are some developments. First I will give you a successful example. Well, how lucky, the loss of course. I went against the grain the day before yesterday and entered the market today on the pullback:
And a less successful example, after the pullback I had a chance to stop the loss. But it was too late:
These are all real examples online. Signs to the exit: the pullback is sluggish, insignificant, although it lasted more than a day, while updating the low. There are also nuances, levels for example whether the price has caught them or not. The method is statistically verified.
In the second case the pullback was stronger, I missed a bit. But I am free and would rather look for another entry point.
If you know any other subtleties or considerations, I would be glad to hear them.