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Is trend following easy?
We have a slow trend following system in our mentorship program, nifty buy signal was triggered on 01.10.20 at 11417 from there NF went all the way to make a high of 12000 which meant a profit of 550 points.
1/n
We have a slow trend following system in our mentorship program, nifty buy signal was triggered on 01.10.20 at 11417 from there NF went all the way to make a high of 12000 which meant a profit of 550 points.
1/n
2/n
From the high of 12000 it made a low of 11535, our stop was 11605 on closing basis, though it did go below the SL rate but never closed below the same.
The thought of booking profit when you get a 550 points move is too hard to resist & more frustrating
From the high of 12000 it made a low of 11535, our stop was 11605 on closing basis, though it did go below the SL rate but never closed below the same.
The thought of booking profit when you get a 550 points move is too hard to resist & more frustrating
3/n
is seeing all the profit melt at one point of time is all the more devastating. Can you handle it? in hindsight everything looks picture perfect but it lacks emotion. And yes you trade in live markets & you can't detach the emotion come what may.
is seeing all the profit melt at one point of time is all the more devastating. Can you handle it? in hindsight everything looks picture perfect but it lacks emotion. And yes you trade in live markets & you can't detach the emotion come what may.
4/n
Yes the trade could have triggered my SL also, but it didn't & the same trade is currently on & as of today's close the profit is over 1300+ points with the SL at close below 12387, out of our 40 mentees only 12% follow this system,
Yes the trade could have triggered my SL also, but it didn't & the same trade is currently on & as of today's close the profit is over 1300+ points with the SL at close below 12387, out of our 40 mentees only 12% follow this system,
5/n
reason being you have to follow a trading system which suits your personality. This system has generated 11 trades in the current calendar year & the profit is over 3 lakhs on a single lot basis, btw this system has more losing trade over 60% ,
reason being you have to follow a trading system which suits your personality. This system has generated 11 trades in the current calendar year & the profit is over 3 lakhs on a single lot basis, btw this system has more losing trade over 60% ,
6/n
but our winners far far outsize the losers, because trading is not about being right.
Similarly a faster contra based trend following system triggered a buy signal at 11807, currently trailing with a stop of 12482.
but our winners far far outsize the losers, because trading is not about being right.
Similarly a faster contra based trend following system triggered a buy signal at 11807, currently trailing with a stop of 12482.
7/n
This system has generated 36 trades, profit of 4.15L+ for the current calendar year & is followed by over 80% of our mentees.
Moral of the story choose a system which suits your personality rather than being swayed by the picture perfect hindsight chart or the profit.
This system has generated 36 trades, profit of 4.15L+ for the current calendar year & is followed by over 80% of our mentees.
Moral of the story choose a system which suits your personality rather than being swayed by the picture perfect hindsight chart or the profit.
8/n
You need to ask you self whether you would be able to handle the volatility or not. Most important every trading system goes through a losing phase, so stop your search for a holy grail system.
You need to ask you self whether you would be able to handle the volatility or not. Most important every trading system goes through a losing phase, so stop your search for a holy grail system.
9/9
Losses are a part of this business, you can only reduce the error level but can never eliminate it.
#TradingMentorshipProgram
DM for details
Losses are a part of this business, you can only reduce the error level but can never eliminate it.
#TradingMentorshipProgram
DM for details
