Solid trading now

[FDtoday]

So I’ve been around IG for a while never used the forum since my mifid post now but thought I’d share a more positive post, as my IG experience is always good and some losses are tuition in my mind.

I daily trade now always small but haven’t lost much in the last 6 months using the beta new data it’s around 350 trades at 87% which is good?  My best prior to this was 10 weeks before I went rouge and killed my winning fund.  How long would you say it takes to perfect the winning formula?  Looking back I know why I bust the winning pot but for me it’s the emotional trading which always got me in the end where the last 6 months I’ve fixed that.  I mainly trade ftse / fx / oil / gold but will play with others if it works in my chart rules.

[dmedin]

There's no 'perfect winning formula'.  All the different trading strategies work equally well some of the time, which means the same as saying they are all equally effective as tossing a coin.

You killed your winning fund ... well that sucks.  Money you'll never get back.  You could have dumped it all in an S&P 500 tracker, it would have kept all its value and appreciated over time plus dividends.  So you wasted your time and your money.

I curse the day I found out about spread betting.  It was probably the beginning of one of the low points of my life.

Edited December 9, 2019 by dmedin

[FDtoday]

1 hour ago, dmedin said:

There's no 'perfect winning formula'.  All the different trading strategies work equally well some of the time, which means the same as saying they are all equally effective as tossing a coin.

You killed your winning fund ... well that sucks.  Money you'll never get back.  You could have dumped it all in an S&P 500 tracker, it would have kept all its value and appreciated over time plus dividends.  So you wasted your time and your money.

I curse the day I found out about spread betting.  It was probably the beginning of one of the low points of my life.

Not now no, previously killed it it’s all learning but I can agree with you overall spread betting vs a sensible blended portfolio would be worse off, especially if you add in time to manage it.  I’m not sure I curse it as yet time will tell if I lose the winning fund this time I will quit for good and try something else or just try and avoid all together.  
 

I think you can out perform a coin toss but that said it depends on the emotional side as if greed creeps in then all goes to pot.

[Caseynotes]

10 hours ago, dmedin said:

You killed your winning fund ... well that sucks.  Money you'll never get back.  You could have dumped it all in an S&P 500 tracker, it would have kept all its value and appreciated over time plus dividends.  So you wasted your time and your money.

Difficult to know the future though isn't it, there are people here who back in early 2016 proudly crowed that they had cashed in all their equities and were going to make a mint shorting the imminent market crash, and they're still shorting, ... any day now just you wait.

[dmedin]

29 minutes ago, Caseynotes said:

Difficult to know the future though isn't it, there are people here who back in early 2016 proudly crowed that they had cashed in all their equities and were going to make a mint shorting the imminent market crash, and they're still shorting, ... any day now just you wait.

That's dumb.

When your S&P 500 ETF price tanks, that's just an excuse to buy more.  Because it will eventually go back up again.  That's the closest thing to certainty in markets that you can possibly get.