Several good habits to improve the profitability of your trading account: 1: Confirm signal adding method This method works great for me.
Several good habits to improve the profitability of your trading account: 1: Confirm signal adding method This method works great for me. I found that once the market starts to move in a favorable direction for the position, the probability of the transaction
Several good habits to improve the profitability of your trading account: 1: Confirm signal adding method This method works great for me. I found that once the market starts to move in a favorable direction for the position, the probability of the transaction eventually becoming profitable increases significantly. When opening a position, place only half of the planned position; If the price hits the stop-loss level, you will only lose half of the original position; If the market goes as I expect, I will increase my position exponentially. In this way, the profits of profitable orders can be enlarged and the losses of losing orders can be narrowed. 2: Abandon market orders This is not just done to save on fees. After reviewing all the profitable orders, I found that there will be varying degrees of floating losses after each order is opened. This shows that placing a limit order can get a better entry price, and the average entry cost of all profitable orders could be lower, but you just need to be patient enough to wait for the price. 3: Relax the stop loss effective range No longer insist on accurately grasping the reversal turning point and setting the stop loss at the turning point, but place the stop loss position at a farther high and low fluctuation point. I still have clear criteria for judging when the transaction logic is invalid. The greater fault tolerance means that I don’t have to open positions frequently for the same trading logic over and over again. 4: Pay attention to the transaction process and take the loss results lightly This was the first change I implemented but had the greatest overall effect. I no longer simply define: making money = good trading, losing money = bad trading, and instead focus on whether I strictly implement the entire set of trading rules. Continuously record the operation process of each transaction, and the subsequent optimization of the trading system will be much clearer.