Conservative Numbers
К оглавлению1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1617 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67
68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84
85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101
102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118
119 120 121 122 123 124 125 126 127
Even though you have a potential of three to nine trades a day, that
does not mean you have to take every trade. "Every day is not a
trading day" from a reward-to-risk standpoint. You want to take the
trade that gives you the best signals and the highest profit potential.
Some days are obviously better than others. There will be days
when you are not at your best physically or emotionally. Despite
your desire to trade, do your trading account a favor and don't
trade on days when you are not 100 percent ready. The figures in
Table 3.1 make the assumption that you have only three highprobability
trades per time cycle, and they reflect only the buy entry.
Looking at the numbers, you can determine that a day trader should
have 15 high-probability, high-profitability buying trades a week, a
Table 3.1 Conservative trades
Per Day Per Week Per Month Per Year
Day trader
Microtrend trader
Position trader
153
60
123
720
144
36
microtrend trader 3 trades per week, and a position trader 3 trades a
month. Compare this to your own trading record and results. If you
are exceeding the monthly and annual conservative numbers, you
may be pushing your trading, and your results will more than likely
reflect that fact with a high ratio of losses.
Multiply these numbers to reflect both sides of the trade, the
buy and the sell. For example, if you made three trades in a day and
sold at the end of the day, you would have made six trades (3 x 2 =
6). Most successful short-term traders trade within these conservative
numerical ranges. If you are trading less than the conservative
numbers, you probably have poor performance. You are being too
cautious and may be afraid of losing. That's okay if you are a beginner,
but after you have a year or two of real-time experience, you
should achieve the conservative numbers.
Even though you have a potential of three to nine trades a day, that
does not mean you have to take every trade. "Every day is not a
trading day" from a reward-to-risk standpoint. You want to take the
trade that gives you the best signals and the highest profit potential.
Some days are obviously better than others. There will be days
when you are not at your best physically or emotionally. Despite
your desire to trade, do your trading account a favor and don't
trade on days when you are not 100 percent ready. The figures in
Table 3.1 make the assumption that you have only three highprobability
trades per time cycle, and they reflect only the buy entry.
Looking at the numbers, you can determine that a day trader should
have 15 high-probability, high-profitability buying trades a week, a
Table 3.1 Conservative trades
Per Day Per Week Per Month Per Year
Day trader
Microtrend trader
Position trader
153
60
123
720
144
36
microtrend trader 3 trades per week, and a position trader 3 trades a
month. Compare this to your own trading record and results. If you
are exceeding the monthly and annual conservative numbers, you
may be pushing your trading, and your results will more than likely
reflect that fact with a high ratio of losses.
Multiply these numbers to reflect both sides of the trade, the
buy and the sell. For example, if you made three trades in a day and
sold at the end of the day, you would have made six trades (3 x 2 =
6). Most successful short-term traders trade within these conservative
numerical ranges. If you are trading less than the conservative
numbers, you probably have poor performance. You are being too
cautious and may be afraid of losing. That's okay if you are a beginner,
but after you have a year or two of real-time experience, you
should achieve the conservative numbers.