StockFetcher Forums · General Discussion · Interviews<< 1 ... 5 6 7 8 9 ... 26 >>Post Follow-up
four
4,002 posts
msg #131683
Ignore four
10/2/2016 3:16:51 PM


http://www.newtraderu.com/blog/

- -

http://www.marketwatch.com/story/5-keys-to-a-traders-survival-in-one-handwritten-note-2016-06-29

Here are Burns’s “7 steps for surviving a drawdown”:

1. When losing in trade after trade, lower your trading size by 50%. Trade smaller until a winning streak begins. Go even smaller if needed or even take a break from trading.

2. Only risk 1% of your capital per trade. While this is standard, you must avoid the temptation to trade big to make up your losses. This usually compounds the problem because the market is not cooperative with your style during a down trend.

3. Stay disciplined with your entries and exits. Do not get sloppy.

4. Do not abandon your method, you have to stay the course so when your method comes back in favor you will start winning again.

5. Do not take losses personally. It is not your fault that the market is not conducive to profits if you are trading your proven system.

6. Do not fall into the temptation to let losers run. Cut your losses at predetermined stops regardless of the pain.

7. Do not stop tracking your watch list for the markets you trade, be ready to take the right entry when it presents itself. Many traders get so beat up on a string of losses that they stop focusing on their watch list and stop taking high probability entries. You have to be ready to jump back on the boat when it is ready to sail again, just don’t drown while your waiting on the shore.

four
4,002 posts
msg #131718
Ignore four
10/4/2016 12:24:24 AM

https://www.youtube.com/watch?v=2w1OYDeTfsk

Kent Daniel: Price Momentum

pthomas215
1,028 posts
msg #131719
Ignore pthomas215
10/4/2016 1:34:25 AM

four, the kent daniel video is excellent. I never really thought about the relationship between beta and momentum. If anything, I have never been adverse to a beta over 1 but I probably should be in longer term holds.

do you know of any you tube videos you like on 1) patience in trades or 2) holding trades long enough to obtain your desired margin?

four
4,002 posts
msg #131738
Ignore four
modified
10/4/2016 6:36:27 PM

pthomas215,

Patience is based on confidence.
The more confidence you have in the process and system the better you will likely be in holding.
--Try trading smaller size in relation to the account?
--Build a "rainy day fund"?
--Journal your thoughts about each trade?




pthomas215
1,028 posts
msg #131740
Ignore pthomas215
10/4/2016 7:08:35 PM

you got it. thanks..still learning movements, which can effect my trade confidence.

four
4,002 posts
msg #131749
Ignore four
10/5/2016 1:28:51 AM

The Stanford USA MBA Fellowship provides financial assistance to students who wish to obtain an MBA at Stanford GSB and are committed to economic development in regions of the United States that are underrepresented in the MBA Program.

https://www.gsb.stanford.edu/programs/mba/financial-aid/us-citizens-permanent-residents/stanford-usa-mba-fellowship

pthomas215
1,028 posts
msg #131762
Ignore pthomas215
10/5/2016 12:42:06 PM

Four, interesting Stanford MBA article. I am curious what made you post that? Did you go to business school?

four
4,002 posts
msg #131787
Ignore four
10/6/2016 12:14:00 AM

caught my eye

maybe someone can benefit or knows someone who might benefit

proves there are all sorts of opportunities



four
4,002 posts
msg #131832
Ignore four
10/8/2016 4:03:08 PM



Warren Buffet
Long Term Capital Management

four
4,002 posts
msg #131836
Ignore four
10/9/2016 1:36:13 AM

http://www.forbes.com/sites/brettowens/2016/10/08/how-to-retire-comfortably-with-just-500000/#1b8f0c21523f

Wait 10 years and these dividend growers will be yielding...


StockFetcher Forums · General Discussion · Interviews<< 1 ... 5 6 7 8 9 ... 26 >>Post Follow-up

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