[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: Advice: Draw-Downs for S&P Day Trading System



PureBytes Links

Trading Reference Links



Bob simms wrote:

> I have had a similar problem with my system.  It had a very bad week,
> however, it kicked butt today:)  My system depend on trends on the Spoos.  I
> am a new trader too.
>
> Bob,

    Don't mean to rain on your parade, but every veteran trader knows that big
profits for a new
trader are like free drinks at the casino in Vegas.  If you find yourself
annualizing one day's or one month's earnings, its time to take a vacation. This
is a sign of overconfidence. "There is plenty of time
for countin', when the dealings done".

Best Wishes,

Norman