Automated way to be in 20% of profitable traders

Sure.

Got two threads going and that’s all I do. One is Connors’ TPS system and the other is trading pivots (which has now turned into a combination of my own method as well as Welles Wilder’s Trend Balance Point System). Nothing more to it really.

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Last week :arrow_right: small part of profits given away.

The lossy month is something normal

I do not understand why losses are taboo. Although most people are losing money on the stock market, hate meets them instead of support. I have already written about it and will mention it again - win rate is not a measure of a good trader. Trading is not a sprint, rather a marathon. Only the hardest ones reach the finish line. The best traders in the world have not only losing days, weeks or months, but can also count the year in the red. Is it wrong? Of course not, the strategy had worse period. Do all companies always earn? Those who are in business know exactly how it is.

I often say that the best test for a trader is how he goes through the period of losses. Is he combining? Is he depressed? Is he changing the strategy? It is in these moments that we show our predispositions to trading. If we trust our strategy, we should consistently implement the assumptions and wait for the end of a worse period.

Trading is an occupation for many, but not for everyone.
When you understand that loss is a normal condition and that there is no super strategy that always generates profits, then you will take the first step towards success on the stock market.

Rule # 5
Remember about the barbell rule.

Keep an appropriate ratio in the portfolio between high risk and hedging projects.
If you’ve ever been to the gym, you’ve probably noticed that the same weight is applied to the barbell on two sides. Thanks to this, lifting the barbell we are sure that it will not overwhelm or crush us.

It’s the same in the world of investment. If the funds are invested only in high-risk instruments, there is a high risk of losing all money in spite of potential high profits. On the other hand, if we only save money on deposits or bonds, we make the savings slowly, eaten by inflation and we do not give them the opportunity to multiply.

The golden mean is to choose the security and risk instruments so that our barbell is stable and allows you to beat new records in bench press.
Thanks to this approach, you take care of the security of capital, but on the other hand, you give yourself a chance to earn above average money.

Invest properly!

Slowly going back :slight_smile: - last week.

8 july

Another week :white_check_mark:

2 steps forward 1 step back :sunglasses:

Well as I may have said before on your thread:

You get ten out of ten from me for perseverance and trying and sticking with it and for constantly updating your thread.

Now I just WISH you would start making money!!! LOL!!!

But anyway. Well done anyway.

(If nothing else at least you know ONE person is reading your thread i.e. I have the same problem!!! LOL!!!).

Last week:


And a whole month :wink: :

Nice joke Dale :joy:
Thanks anyway, good to know that someone is reading this :smiley:

06 I understand that the stock market is associated with the possibility of losing money.

Such a simple, yet significant part of investors or traders do not understand this until they lose their funds.
The stock market is a great place that gives you amazing opportunities to get rich. But there is nothing for free. The more we want to earn, the more risk we have to take.
There are no shortcuts.
One could write a book on the approach to losses, but a man learns from his own mistakes.
First, the hopes for quick and high earnings without risk will fall in you, and then you will understand that loss and profit are closely related.
Remember that capital on the stock market is necessary to earn money. Therefore, if you risk a lot and lose a lot, in the end you will not have anything to trade.

Finally, we will remind you of two famous rules of Warren Buffett:

Rule No. 1
Never waste your money
Rule No. 2
Never forget about rule # 1

#6 Invest in accordance with your character

Some prefer peace and security, others risk. Do not invest in what is popular, but in what is consistent with your approach and character. The funds are meant to work for you for years, which is why you need to feel the psychological comfort. In the end, it’s only you who are responsible for your money, so you have to answer the question if the project meets your expectations.

First week of August :face_with_raised_eyebrow:

2nd week:

This doesn’t look great.

It is only one week… :man_facepalming:

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7 Do not invest with emotions.

We hear all around that everyone is investing in a given project and making money. What are we doing? We enter the project as soon as possible without questions. Because we will pass a great opportunity to earn money!

And then it turns out that, in total, we really have no idea what we put the money into. That the results are not what colleagues said, etc.
Trading on the stock exchange under the influence of emotions is the worst harm you can do to your money. Is Warren Buffett buying company shares because they are popular now? No, before he makes a decision, he will get to know the company, learn its pros and cons, opportunities and threats. First of all, he will understand the business model.

What is fashionable is not always profitable. Therefore, before the next investment decision, put your emotions aside, take a step back. Look carefully and then take the appropriate action.

Market slide :roll_eyes::snowboarder:

07 I understand that I cannot trade on borrowed money on the stock exchange.

The stock exchange is such an interesting place where it is very easy to break even the toughest characters. We often say that the chart is a kind of mirror in which all our weaknesses show up. Emotions are the greatest human weakness.
Imagine a situation where you do not have the funds and you borrow them. Then you slowly lose them on the stock exchange (or you quickly lose it). What’s going on in your head? It was supposed to be different, you can’t afford not paying the installments. The pressure is rising over and over again. You stop acting rationally and start thinking wishfully.

We only invest money, the loss of which will not hurt us and will not cause financial problems.

August was lossy month which is nothing unexpected.

Ok, now vacations ends and it is time to breakout last high on capital curve.
First week of September was quite good, not many trades but nice profit.

So, after one week I almost get back to starting position of the beginning of August.