Dear all,
Many came in to this thread and started trading this method...don't know how many are trading this method!!!!any one trading this method since long @least for 3 months continuesly without deviating rules?please share your experience....I think very rarely one traded like above ..
One must need to trade any method(tested ones)for long time which only give you the consistency which need gud discipline and patience.... I seen many started this method and then later left searching other one ...system hoping
Many came in to this thread and started trading this method...don't know how many are trading this method!!!!any one trading this method since long @least for 3 months continuesly without deviating rules?please share your experience....I think very rarely one traded like above ..
One must need to trade any method(tested ones)for long time which only give you the consistency which need gud discipline and patience.... I seen many started this method and then later left searching other one ...system hoping
- Learning the marking of structural pivots without any errors.
- Identifying the structure with minor pivots, visual pivots, minor trend, visual trend sideways etc.
- Learning the defined entries, SL and executing the same in real time account without any errors.
- All the above took 6 months for me to do this in live without errors... over these period I have not loss any and I not made any profits too..
- Then I realized that I need to reduce my losses small ... I started working on that and defined some rules to scratch a trade if not goes in my favor.
- Trade management is where I was weak that time, due to that I closed good trades earlier...So I started using PPB for my psychological comfort, and learning the trade management in the meantime..I did many back tests daily to learn trade management, whenever boring then I kill time by doing bactests .
- All these took 10-12 months overall ... I take entry right, scratch if goes wrong as per my rule, did PPB as per rule, exits as per rule... I have gained good confidence over this period. Vjay bro has supported me full extent in this period of time...
- Then I increased my trade size , where my problem starts , I got hit , seeing big losses than usual , mind collapse , I started doubting the system , doubting the entries , doubting the trades I ended up in huge loss in that month by missing good trades . vjay bro clearly pointed out my mistake that I started doubting the system, ..
- Luckily I found out my issue so earlier, that my problem is I’m not comfortable in taking counter trades so that I decided to take only trend trade with defined entries and exits.
- In the same period of time I got an opportunity to meet a legend trader madan anna from Chennai, he hammered many things in my head that day... It’s full of trader’s psychological part and drawdown part...
- I removed all counter trade setups where I struggled and I started trading only the trend setups with derived Money management plan to my psychology with calculated DD and right trading size to capital...
- With right MM plan to my psychology so far I traded 4 months, going pretty decent, and everything is in my control. All this journey took 15 months. I not made big money but overall I gained good confidence and I understood what is trading system, what is more important than system...
- Presently Inspired from Madan anna , tried increasing the trade size, but facing operational issues like order not filling for some trades in my trading scrip (Tata steel). So decided to move NIFTY and doing backtesing in it (where I didn’t get comfortable results in first round on lower volatile periods and number of trades also high). Adding some filters to control the trade numbers and working out to get decent results to start trade in NIFTY. Hoping it take another 6-9 months to get sit on the NIFTY...
- Thanks everyone
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