Saturday, September 16, 2006

That Was a Bad Call

Why do I keep trying to trade against the model? It doesn't make sense. I don't understand why I am doing it. But for some reason it is very hard to stick with what the model says to do. Currently, it is long through Monday's close at least.

2 comments:

D TradeIdeas said...

You may need another model, that doesnt't perform as well under backtesting, to show why the model you are using is superior. It's interesting to see a fellow trader share the hardships of maintaining discipline.

mOOm said...

I hope that my confessions of my mistakes will help make me a better trader and if it helps other people put their difficulties with trading in perspective or learn from my mistakes that will be good too.

I have my earlier models and other techniques and know they don't work as well as this one and I understand roughly why. So it all comes down to psychology. I am just in the process of training myself to trade this model consistently.