View Single Post
  #690 (permalink)  
Old 03-13-2008, 02:56 AM
Tess Tess is offline
Master Contributor and Member
 

Join Date: Jul 2007
Location: American in UK
Posts: 402
Default

Congratulations Mr Average. That’s a pretty impressive set of stats to be going on with.

If you can maintain that degree of progress throughout varying market conditions over a longer period of time, then you won’t have too many complaints.

Whether you realize it yet or not, much of your initial success stems from the discipline displayed in your trading strategy. You’ve unearthed a method of market observation which suits your style & psychology. More importantly, it’s based around simple, repetative market behaviour. That kind of sensible market observation sure makes life a lot easier when attempting to deliver a trading plan which stands a chance of delivering ongoing profit.

you really now need to continue with it over a longer time period to satisfy yourself that it works for you & it also stands up across a selection of differing market conditions.

As long as you stay loyal to your risk (account protection-money management etc) parameters then you’ll be better placed to judge the potential longevity of this particular strategy play.

If it holds up to that consistent measure, then not only will your confidence in applying it increase, but it will also save you an awful amount of (lost) time hopping back & forth amongst the crap & crud masquerading as “trading system gold dust” out there.

If the next 10 months matches the first 10 weeks, then you'll really have something to begin getting excited about

Keep the discipline going & enjoy yourself....& keep everyone posted on your progress.
Reply With Quote