Using Losing Trades as an Indicator

Discussion in 'Technical Analysis' started by Redneck, Aug 22, 2023.

  1. Redneck

    Redneck

    By his own admission he's a novice


    He stick with this - they'll come a time when he thinks to himself - I got this / I know what I'm doing...

    You and I both know how that gonna go


    Why I said always have a novice's mind set (assume you don't know anything)

    I try to do no harm - first and foremost

    RN
     
    #41     Aug 30, 2023
  2. tomorton

    tomorton

    We have to see losing trades as failures, errors, mistakes, carelessness. This is primary school thinking.

    As long as you follow a consistently profitable strategy, there are no mistakes in what you do.

    We only learn as much from losers as we do from winners. But also recognise that we must learn from the non-trades / the cancelled entry orders / the slightly less than perfect TA that means we never put an order on etc.
     
    #42     Sep 7, 2023
  3. deaddog

    deaddog

    If you follow your strategy, take your losses as planned, a losing trade is a good trade with a bad outcome.
    You can't win them all.
    It's quite possible to lose more than 50% of your trades and still make money.
     
    #43     Sep 7, 2023
    tomorton likes this.
  4. ironchef

    ironchef

    Very thoughtful post.

    Thank you.
     
    #44     Sep 11, 2023