By: ShortMeTina
The time frame you decide to use should be based on your own personal preference. My suggestion would be to analyze your performance more frequently (weekly) if you tend to place a lot of trades, less frequently (monthly, quarterly, annually) if you’re not active in the markets. Personally, I tend to look at my performance on a monthly basis. Don’t get caught up with what time frame is necessarily best at this juncture, I would just be concerned with doing it and remaining consistent with the process.
Comments
If you’ve visited my website, shortmetina.com you’ll realize that I’ve been trading the markets for over a decade. Like most traders, I blew up a few accounts. Lost tons of money in hefty tuition fees and came very close to giving up on the markets because it seemed so random.
After some years, the markets became less noisy and things started to make sense. I saw some successes but I truly believe, I arrived as a trader after reading Edwin Lefevre’s Reminiscences of a Stock Operator. I can go on and on about this book but it would only serve as a spoiler for my readers. Before quoting ten "spot-on" quotes from the book, I will leave you with this interesting fact. Although the book was first published in 1923, it remains very relevant in todays trading climate. There is nothing new on Wall Street. Enjoy Speculators. By: ShortMeTina
Why is it so hard for us to do nothing? Does it make us feel less productive if we do nothing? Do we feel stagnated? How about stuck? How about arrested in our development? I want to know because some folks are always needin' to be in the Markets and I can't seem to figure out why. Why yes, a purposeful play on grammar but I hope the message is clear. That is, folks tend to equate constant trading with trading success. And it’s the furthest from the truth. Super active traders know this! Through the reality of their PnL’s (profit and loss), they are losing money. By: ShortMeTina
Updated: 3/14/2018 In the markets, you MUST be governed by rules. I am presenting you some of mine; I encourage you to develop your own. Trust this and trust the process. Reject the teachings of others... ...in ShortMeTina we trust. First off, I want to thank you all for what I will consider a successful first week. ShortMeTina’s page stats indicated we had over 1,000 unique visitors since going live a week ago. I am humbled and more importantly, I truly appreciate the support. The overall goal of ShortMeTina is to build a powerhouse of knowledgeable speculators right from Main Street. Now that's out the way, I want to speak on a few key points. The topic I want to touch on today is appropriate sizing for individuals that are having a hard time showing consistent profits. If you’re constantly losing money or you make money today to then give it all back tomorrow, this blog post is for you. |
Get our FREE watchlist delivered to your inbox every week!
Our Top Blogs
|