|
PureBytes Links
Trading Reference Links
|
Chuck:
A 'dumb question' here but can you provide any suggestions
relative to a
system missing opportunities? Tks for any feedback you
can provide.
Chas
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
-----Original Message-----From:
CRLeBeau@xxxxxxx <<A
href="mailto:CRLeBeau@xxxxxxx";>CRLeBeau@xxxxxxx>To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Date:
Sunday, August 05, 2001 6:27 PMSubject: Re: [RT] Profile of a
loserIn a
message dated 8/5/01 8:12:50 AM Pacific Daylight Time, <A
href="mailto:gcwallace@xxxxxxxx";>gcwallace@xxxxxxxx writes:
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"
TYPE = CITE>Does anyone here have any tips or techniques to extract
data specifically concerning their losing trades and, say, dump it
to a spreadsheet for profiling and analysis?
Just a suggestion but in the analysis of
many systems over more than forty years of trading I have found that the
problem with a system is more likely to be found in an analysis of the
winning trades. A good trader will maintain very strict control of
the losing trades and the variation of the losers should be very small.
However we have very little control over the winning trades.
Common problems are: 1. Not enough winning trades and
too many losers. Solution is to use wider stops and increase your
winning percentage. 2. You may also be eliminating some
winning trades by having entry conditions that are too stringent. The
solution is to reduce the number of conditions needed for entry so that
there will be more trades and the system will be more robust because it
has been simplified. 3. Your winning trades may not be large
enough to offset losses and produce a profit. The solution is to
try and let your profits run if you are following a trend or to take the
profits before they turn into losses if you are trading short term or
countertrend. Losing trades are seldom the root of the problem with
a system. We can control those very easily. Its the winners
that I have a problem with. How do you make a small winner into a
big winner? That is hard to do. Chuck LeBeau
www.traderclub.com To unsubscribe from this group, send
an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|