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Profit / loss analysis and trading talks
Mar 13, 2024 at 11:51
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
會員從Jan 11, 2023開始
11帖子
Mar 14, 2024 at 20:32
I placed a buy because I expected the resistance level to break through around 1.05410.But this did not happen and the market began to reverse. Fortunately I caught sl.
Perhaps this saved me from big losses.
Marcellus, what do you think I should change in my trading approach and not make this mistake again? Can a pending order be a solution in such a situation?
Perhaps this saved me from big losses.
Marcellus, what do you think I should change in my trading approach and not make this mistake again? Can a pending order be a solution in such a situation?
附件:
會員從May 19, 2020開始
321帖子
Mar 15, 2024 at 12:14
Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
@Marcellus8610
Mar 18, 2024 at 19:49
MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
會員從Jan 11, 2023開始
11帖子
Mar 19, 2024 at 12:24
Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I wanted to ask this too. I hope Marcellus will reveal some info for us.
會員從Jan 11, 2023開始
11帖子
Mar 19, 2024 at 12:26
By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.
會員從Aug 19, 2021開始
203帖子
Mar 20, 2024 at 09:36
Luigi_gi223 posted:
By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.
Oh I suppose you are under stress and against this background you are exaggerating.
會員從May 19, 2020開始
321帖子
Mar 20, 2024 at 11:03
Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.
@Marcellus8610
會員從May 19, 2020開始
321帖子
Mar 20, 2024 at 11:04
Further, the algorithm or some stages can be repeated until the moment when I am sure that the trading system is ready for the next trading session.
@Marcellus8610
會員從Feb 28, 2024開始
2帖子
Mar 21, 2024 at 12:20
MarcellusLux posted:Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.
thank you for explaining
會員從May 19, 2020開始
321帖子
Mar 22, 2024 at 12:01
Luigi_gi223 posted:
By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.
You shouldn't overdo it, all in good time and advance expectations can only destroy your trading plan. Try to move on to searching and assessing possible scenarios and risks instead of false expectations.
@Marcellus8610
Mar 24, 2024 at 17:47
MarcellusLux posted:
Please remember that mutual respect is important. All participants who do not adhere to it will be prohibited.
Profit/loss analysis involves evaluating the financial outcomes of trades or investment decisions. It assesses the profitability of individual trades, trading strategies, or overall investment portfolios by comparing realized gains or losses against initial investment or capital. This analysis provides insights into the effectiveness of trading strategies, risk management practices, and helps traders and investors make informed decisions to improve performance over time.
會員從Aug 19, 2021開始
203帖子
Mar 26, 2024 at 18:00
Oh I opened a sell position at the level of 1.08344 for the EURUSD. Based on the charts and signals I got. I see a breakdown of the support level of 1.08380 and expect that the market will continue to sell in the short term. For now, I don’t see any point in opening an order for the long term.
What are your thoughts?
What are your thoughts?
附件:
Mar 27, 2024 at 13:09
MarcellusLux posted:Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.
Thanks for the clarification! Could you specify which psychological factors, in your opinion, most affect trading outcomes?
會員從May 19, 2020開始
321帖子
Apr 02, 2024 at 01:25
WhiteWitcher posted:
Oh I opened a sell position at the level of 1.08344 for the EURUSD. Based on the charts and signals I got. I see a breakdown of the support level of 1.08380 and expect that the market will continue to sell in the short term. For now, I don’t see any point in opening an order for the long term.
What are your thoughts?
The idea is good and indeed on the short-term 30-minute chart I noted the MACD sell signal. At the same time, you correctly noted the importance of the level 1.08380. But if I traded, I would consider the prospect of movement more broadly. For example, in this situation, after testing the EMA 100 on the four-hour chart, the price actually began to fall until now and you could improve your analysis by also looking at the long term. The fall was confirmed by the MACD crossing the signal line on the four-hour chart after breaking through 1.08000 on Thursday.
@Marcellus8610
會員從May 19, 2020開始
321帖子
Apr 02, 2024 at 01:25
At the moment I am interested in the situation with EUR/USD, but I will consider a possible entry into the market after breaking through the level of 1.07200 and further confirmation below the support of 1.06870.
@Marcellus8610
Apr 03, 2024 at 09:37
MarcellusLux posted:
EUR/USD
The trading analysis for today will consist of two parts (profit and loss). And I’ll start with a trade that was closed by stop loss on Wednesday EUR/USD with the drawdown of 1.26%.
My analysis and subsequent expectations were based on the fact that I saw a high probability of reaching the 1.10000 double top level in the coming hours and accordingly focused on short-term profits. It is important to note that this conclusion came true for now. When I entered the market, I understood the risk associated with the likely formation of a correction in a narrowing channel and therefore secured the trade with a stop loss. But unfortunately, I did not take into account the possibility of the 1.09870 level pressure, which turned out to be a key resistance. The opening of the trade was also justified by the fact that there was an increase after the correctional wave to the level of 1.09700. I believed that support would contribute to further growth. But I neglected the short-term MACD indicators, which could have confirmed a further decline, instead I paid attention first to the four-hour MACD and a clear buy signal. An inaccuracy that was decisive.
https://www.myfxbook.com/files/MarcellusLux/Eur_usd_trade_analysis_Dec_22_%28h78hgc%29.png
Can you explain how to draw similar charts and construct price outlook? Is there any theory apart from intuition?
Apr 04, 2024 at 14:38
MarcellusLux posted:Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.
Very informative, thanks. What do you consider to be the key efficiency criteria when analyzing your trades?
會員從May 19, 2020開始
321帖子
Apr 04, 2024 at 23:03
Oscar555 posted:MarcellusLux posted:Oscar555 posted:MarcellusLux posted:Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?
The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.
What criteria do you pay attention to?
I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.
Thanks for the clarification! Could you specify which psychological factors, in your opinion, most affect trading outcomes?
Trading process can be influenced by the psychological state and each trader may have different reasons for destabilization. But basically I would note the following factors:
- fatigue from trading. Any trader knows that trading can be exhausting, which leads to the reducing of the mental resources.
- hesitation. It may be the result of temper or a feeling of insecurity acquired during trading after the past losses.
- over self-confidence. The situation is similar to hesitation but can be achieved through several, often random, profits.
- greed and anger. This is one of the most common problems for beginners, but it is also the simplest in my opinion, since it disappears with experience.
@Marcellus8610
