At the weekend, we summarize the results of the week and draw conclusions.
By trade. The profit was 4310 points. Postponed one deal to the next week, closed one at a loss. A loss-making transaction was made according to the principle “well, it seems possible, let me try…”, By the way, last week's moose deals were exactly the same. The challenge is now, if you do not exclude such phenomena as class, then at least, minimize them. The problem of formalizing the system was recently discussed here . Now I have worked out the following rules.
1. Shoulders. Not taken. I'm uncomfortable working with shoulders, especially in such a volatile market. History has shown, as soon as I started taking big risks, the market began to behave in an unpredictable way, increasing losses. Since I didn't get any benefit, and the volatility of the account increased, decided to abandon them. Leverage forces put feet in 300 points be in constant emotional stress, act more automatically. Under certain conditions (averaging) shoulder allowed 1 to 2.
2. Averaging. The subject of much controversy. I have highlighted certain conditions, when averaging is acceptable. Once, with limitation of loss.
3. Feet. Profit / loss ratio. There are also diametrically opposed points of view.. In my opinion, short stops are needed by marginals. I prefer to leave myself room to maneuver. With a large number of profitable trades, dogma 1к20 1 to 2,5-3 loses its meaning. In fact, this rule is more applicable to casinos and gaming systems, than to the stock market. I close in that case, when I see, that the market is really serious about going further, against my position, and this is not a banal removal of stops, or tossing a dead cat.
4. Entry strategy, Goal. It all depends on market conditions, but i don't see the point, enter into a deal, if the goal is less 1500-2000 points. Perfect deal for me, with a profit of three, up to five thousand points. If the login was successful, and managed to catch – I move my stop to breakeven. Another subject of controversy – used or short stop loss. Takeout stop losses will ruin your deposit – breakeven will give the minimum profit. I am posting an alert, in case of price reversal. If takeaway occurs, I'm waiting for a new point to restart. Let it be 3-4-5 once, but I will hook on the trade. Hourly hours are used to determine the entry zones for a trade. (sometimes 30 minutes) timeframes, I enter in 5 minutes. In Week (according to my calculations) arises from three to seven worth points (for Ri)- that's what you need to focus on. All the rest – noise, and does not deserve attention.
5. But this point is already the formalized Holy Grail.. Look for, and invert :)
