Trading strategy for making money on the NYSE market
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Most traders who come to the market read many books and articles on trading., without understanding their essence. The main problem is not, that they didn't bother to read the material, and not in the ability to understand it and apply it in practice. Example: When I was in college as a programmer, listened to lectures and wrote programs as I was told, but they were very primitive. Any modification tasks were given to me with great difficulty.. This was not caused by my stupidity or laziness., I just did not understand how they work and the logic of their implementation. So three years passed in vain. Then I got tired of it, teachers demanded to change the algorithm of their work, as a fool I didn’t understand, what do they want from me. I knew functions and how to write them, but did not understand the logic of building the program, that a large task is divided into many sub-conditions and one program can be executed 10000 options, what will fit into the head. Then 3 I spent a month at home and every day from scratch, I did not use templates to compose various algorithms for its implementation. I could already complete those tasks, who didn't even know how to do it. I just understood the whole chain of its construction and I myself came up with a method for solving. I defended my diploma for 5k :) Perhaps the example is not entirely correct, …
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Traded very little in September, compared to previous months in terms of the number of transactions. Now in the day I do 1-4 deals before 5-20 in a day. Was able to improve the rate of profitable trades to 50-70%, before 30-45% . Negative days are reduced to 1 per week. Although there are disadvantages, profitable deals now 30-60 Cents, before 50-100 Cents. It is necessary to increase the profit by cents and the number of transactions, withholding % profitable deals. P.S. Everything goes according to plan. Training is still on the way, not much time left, hurry up.
When the Russians proved, that you can go into outer space. NASA began to train its astronauts. The main problem of being in zero gravity is to understand, where is the top, where through. Then each applicant got glasses, which they had to wear 24h. These glasses changed the image in reverse.. Began to observe, how the power of habit works. Applicants wore glasses from 21 to 25 days. And all of them had their brains adapted and flipped the picture., without hesitation. They saw, for example, inverted glass, and the brain, flipped it back, and everything was fine. Complicated the experiment and decided after 14 days take off glasses for a day. Total for 1 day, and then put on inverted glasses again. It would seem that, one day difference, this day will push addiction to 1 day, well maybe on 2. Not, added again 21-25. I.E.. 1 the day of skipping habit formation reset everything completely and had to start over. This is how our brain works and it is useless to fight it. From 21 days at least.
Experimenting with my trade for about two weeks, by the number of transactions, position size,time,trading styles. Position size : Small positions – you start to think less about the deal, more risk. As a result, not very good performance Average positions – Most comfortable so far, deliberate deals and focus on them. Good profit, with small negative trades that do not strain Large positions – Tangible profit, but also big disadvantages. Need more precision, to do them, too few attempts at mistakes. It is not always possible to incubate large movements.. Once a day you can do, but you can't always trade them.
I have already described the system of double limits for the day, she very hard teaches not to go beyond the second limit and stop on time. This is a very good technique at first., but when you have been trading for a long time and follow all the rules, skipping a day during the reporting season is not very beneficial for your wallet. Therefore, I came up with an alternative : You also have a day 2 limit First conditional, if you enter for it, then you no longer trade today. If you enter for the second, then the next day you reduce your average position and the daily limit DOUBLE, and so every day if you go beyond it. If a day with a reduced limit closed in a normal plus, you return it to the original one again It seems that everything is simple, can you have some additions ???
From the new week I introduce myself new rules to supplement the old ones, I have already voiced them and were intended for beginners, to make them think. The more you trade , the more you break the rules in trading, we must exclude this. Initially given 3 transactions for the first half of the day If CPS (number of cents per 1 share) less 20, then I cannot open new trades for an hour or two, depending on the market and time If the CPS is greater 20 then you can do more 3 deals and so on. Maximum open trades can be held 3, in very rare cases if there is a very good deal, you can open another one provided, what a stop by 1-2 open deals to be at zero or plus.
I looked here the statistics of my best month and understood what I should strive for. The ratio of closed pluses to closed minuses 2,8. From 10 positive deals were 5 . It's strange that at lunchtime % winning trades was very great, I should try to bargain at lunch.