Hi, i’ve been trading for a couple of years, i have played with a few programs and backtested some trade ideas. and i find that im still not consistant. i usually find that i have a few months of good trades and then am able to give back all my profits plus some.
I have tried a couple of MA Crossovers, (like 34ema, and 21 ema).
a Stochastic high and low system, and a pivot point system.
i think im fairly good with management, i always position size based on the SL and i dont overtrade or trade when a system doesnt offer a trigger. yet still struggle to get or hold on to profits.
Are you not consistant with your actions? Or is the system not consistant?
If the first, Get some paper, write down your rules in columns, then before each and every trade, check off each rule, then write down your trade on paper.
If the system isnt consistant, well, then you need to change gears, and find something else…
well i consistantly open positions on the trigger of the system. i manage to not overtrade or trade when there is no trigger. due to time constraints i don’t get all the opps, and it seems like those are the ones which pay off. any ideas on how to improve this or changing system rules.
Consistency depend’s on the way you manage trade’s. it varies from individual to individual. May take more time for you.
You said you’ve been trading past few year’s and tested some method’s. Why don’t you stick to one simple price action method for some time and see the result’s ?
If you are jumping form one system to other, there’s no way you’d find consistency regardless of how many year’s you spend.
is the system consistently profitable?
arrange your schedule so you can take advantage of those opps which you miss.
scrutinize your system, as there might be periods when it does not work well
