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Whats your opinion on the most important aspects of a trading system
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kc8yty

Member Since Nov 19, 2017  12 posts Mike (kc8yty) Apr 13 at 23:12

Sharp ratio?
RR/DD?
Profit factor?
Expectancy ?
Stagnation?
Z score?


Or combinations

"Formal education will make you a living, self education will make you a fortune"
_high_rola_

Member Since Feb 27, 2020  1 posts _high_rola_ Apr 13 at 23:36
proper risk management will keep all those stats in line.

andrew_2

Member Since Jan 10, 2020  31 posts andrew_2 Apr 15 at 17:25
Well as for me to begin with, the most important thing in any trading strategy is that it is yours. That you created this trading strategy.

damunwa

Member Since Oct 23, 2019  5 posts PipRaider (damunwa) Apr 19 at 10:38
...in my humble opinion the exit is the most important aspect of any system because ALL systems have a kernel of credibility but lack, usually, one or a couple of key tweaks to turn them into profitable money machines. This is were experience comes to play. With experience one can know which elements to keep and which to tweak. Having spent my 10k+ hours and more in demo and live trading. I have experienced more ‘black swan’ moments than I would ever wish.

So, in the spirit of good will and wishing to give something, I offer this advice to any aspiring trader. It is worth the effort, don’t give up.

damunwa

Member Since Oct 23, 2019  5 posts PipRaider (damunwa) Apr 19 at 11:00
...there was once a mechanic who went to visit a client having problems with his very expensive 4 color printing machine. The mechanic looked at the machine, walked around it a couple of times. He took out a listening rod and listened to the machine in a couple of places. Finally he went to his bag, took out a delicate little shiny hammer. He went to a specific point at the machine and with a determined and crafted poise he struck the point with a very precise and calculated hit. Instantly the whirling machine sounds changed and there was a more melodic tone in the air. The machine started spitting out copy after copy at very precise intervals of time. The machine was fixed.
After a few discussions and suggestions from the machinists the invoice was handed to the owner. The owner looked wide-eyed at the amount to be paid. It was a bill for $1320.00.
“You were here for less than 30 mins” said the owner “How do you rate that then?”
The mechanic raised his head from the pad from which he had just written the invoice and looked at the owner.
“Well” he said.
“There’s 20 dollars an hour. And there’s 1300 dollars for my experience in knowing where to strike the hammer “
It’s the knowing where to strike the hammer that’s important in most endeavors.
In trading this is the equivalent to the knowing where to exit in trading.

The exit matters the most.

TDL1970

Member Since Apr 06, 2020  2 posts TDL1970 Apr 29 at 18:58
Risk Management.

kc8yty

Member Since Nov 19, 2017  12 posts Mike (kc8yty) May 04 at 06:00
Thank you guys!

"Formal education will make you a living, self education will make you a fortune"
divinamarine

Member Since May 15, 2020  6 posts divinamarine May 27 at 11:10
'In my veiw analyzing things and staying
 placid before taking any step. And keep on
practicing till you develop your confidence
 while performing trading activities.'

Tuxedo888

Member Since Mar 24, 2020  11 posts Tuxedo888 May 29 at 20:36

divinamarine

Stay with it.

Not Specified
TraderProHungary

Member Since Jan 06, 2020  83 posts FundsProManager (TraderProHungary) May 29 at 21:17
Risk Management/DD

Market Direction
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