robster970
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So this thread might be an epic fail but in an attempt to tease out some interesting trading related stuff from some of those who have been around here too long, what is the last thing you learnt that had a practical and useful effect on your profitability?
As an example, I will give you my most recent one from about 6.30am this morning to do with stop placement.
So I got stopped out when ES hit yesterday's RTH low around 6.30am this morning - a stop that through habit I place about 1pt below/above the level I decide determines I am definitely wrong.
I took a look at the activity later on about 9am and realised it had rattled around and just pinged me out before doing an about turn. I took from this that my stop placement needs to incorporate current levels of volatility rather than something a bit more static. Ironically exits for me are vol based so I'm surprised I've got away with a non-vol adjusted stop loss for this long. A bit of modelling on losers for the last 18 months showed this would have made an interesting difference.
So that's my recent epiphany today. What's yours?
As an example, I will give you my most recent one from about 6.30am this morning to do with stop placement.
So I got stopped out when ES hit yesterday's RTH low around 6.30am this morning - a stop that through habit I place about 1pt below/above the level I decide determines I am definitely wrong.
I took a look at the activity later on about 9am and realised it had rattled around and just pinged me out before doing an about turn. I took from this that my stop placement needs to incorporate current levels of volatility rather than something a bit more static. Ironically exits for me are vol based so I'm surprised I've got away with a non-vol adjusted stop loss for this long. A bit of modelling on losers for the last 18 months showed this would have made an interesting difference.
So that's my recent epiphany today. What's yours?
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