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.
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.
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.
2 comments:
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.
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.
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