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I like to chart my equity also. In addition, it helps to know the stats on
your method (mechanical or not). you know, profit/loss, winning percentage
and others; that tell you how healthy your trading is. excell can be used
for this also.
best wishes
krm
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, December 01, 2000 11:09 PM
Subject: Re: [RT] When & How to Quit When Losing
> This won't help you short term, but if you keep doing it, it will change
> your behavior long term: chart your equity every day. Use Excel and come
up
> with a simple way to do it, but do it every day. In my case, I will get
> into periods where I will overtrade and lose money. Each week I print out
> my equity curve and tape it to the wall directly behind my monitor so I
> can't miss it. When I get into one of those periods, it is visually
obvious
> by looking at the downtrending green curve and the series of red bars
below
> the $0 line. I can quickly see what damage I am doing to my trading
capital
> and either stop and think about what I am doing wrong or just take a break
> from trading. When I have big draw downs, I write really mean comments to
> myself on the chart when I put it up like "YOU FREAKING MORON!!! You did
> not have to do this!!!" and circle the area of the draw down. Whenever I
> start trading badly, I look up and there is the chart staring me in the
face
> and I say to myself, "I'm headed back there. Time to try something
> different." I works for me.
>
> Kent
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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