Lost half this year's profits bottomfishing... lessons learned

Discussion in 'Trading' started by KCalhoun, Apr 30, 2020.

  1. kmiklas

    kmiklas

    Parlay everything that you learned into massive gains. The rest of this year will have incredible volatility... don't forget that there's an election in November!

    I'm personally impressed at how hard you fought, and that you went for it. You came out with a black eye; far better than riding pine during this historic event. More important is that you have the brains to study the lessons that the market gave you. That's the key: never lose the lesson in any trade.
     
    #21     Apr 30, 2020
    BlueWaterSailor and KCalhoun like this.
  2. ironchef

    ironchef

    Why?

    Some interesting statistics regarding cheetah hunting:

    If you trade like a cheetah hunting, you don't need high win rate to make a good living. :finger:
     
    #22     May 1, 2020
  3. kmiklas

    kmiklas

    Perhaps cheetah hunting correspond to ULL/HFT trading? Highest speed, right? They see an opportunity, and seize their prey with an incredible burst of speed--faster than any other on earth.
     
    #23     May 1, 2020
  4. KCalhoun

    KCalhoun

    And also a rabbit duckling into safety at first sign of trouble.. tightened up trailing stops to look in profits now in TVIX SDOW FAZ TZA SRTY etc
     
    #24     May 1, 2020
    ironchef likes this.
  5. ironchef

    ironchef

    50% success is sufficient to make a good living if you select your high value targets carefully. :cool:
     
    #25     May 1, 2020
  6. deaddog

    deaddog

    I made a living with a 37% win rate. (2.5 to 1 reward to risk) risking 1% of my capital per trade. Couple of trades a week.
     
    #26     May 2, 2020
    comagnum and ironchef like this.
  7. ironchef

    ironchef

    :thumbsup::thumbsup::thumbsup:

    What instrument(s) do you trade?
     
    #27     May 2, 2020
  8. deaddog

    deaddog

    swing trade equities. when I'm bored or have to stay home I day trade leveraged index ETFs.
     
    #28     May 2, 2020
    Pkay and kmiklas like this.
  9. FriskyCat

    FriskyCat

    The graveyard of failed/failing 3x ETF's over the past few months is remarkable. Look no further than the JNUG/NUGT for a great example of how daily rebalancing in extreme volatility can kill both bull and bear side of these things, regardless of where the underlying eventually ends up. And yes, SOX or QQQ or other leading indicies, similar story, but a drip, drip, drip effect. That said, the "compress and explode" patterns on them are what I try to look for.
     
    #29     May 2, 2020
    KCalhoun likes this.
  10. KCalhoun

    KCalhoun

    I sold most of my swing trading inverses today starting premkt to lock in gains from last Thursday & Friday entries I'd held over the weekend.

    I'm trying to take action on lessons learned, great to see it paid off.

    Here's today's trades
    fdly4may.jpg
     
    #30     May 4, 2020
    ironchef and 1957may10 like this.