sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Sunday, February 10, 2013

Have been taking old advice to heart all winter.  Or, I figured out which old advice to actually listen to.  I have heard opposite opinions.  I see how It is probably going to be foolish for me to expect over 50% of my trades to gain.  Its perfectly fine to LOSE MONEY ON MOST TRADES as long as you keep your losses small and leave the possibility for your gains to get very big.  Out of 20 trades, I am looking to  gain big on 3 or 4 of them, gain a little on 3 or 4 of them while the rest are small losses with maybe a few break even trades. 

I have been recording things at home off this blog.  I have made many trades in the past few months and my performance seems fine.  My performance is reflecting what good, realistic trading advice dictates.  I am entering at reversals on major high's and low's and exiting using trailing pivots, or a close past my entry bar as an initial stop.  I stopped trying to find the perfect set up that leads to great trades most of the time.  Now I just get in when it seems decent and I let the probability play out.  I used to worry about if each of my trades would turn into hug gainers but now I really don't care about any particular trade and I want to see how I do over certain time periods.  If I gain big on a trade now, I am not as excited as I used to be since I expect to only have a few big gainers and that is what I get.  No surprise.  I am content if the probability plays out over a certain period of time.