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Does anyone
here have any tips or techniques to extract data specifically
concerning their losing trades and, say, dump it to a
spreadsheet for profiling and analysis?
Just a suggestion but in the analysis of many systems over more than forty
years of trading I have found that the problem with a system is more likely
to be found in an analysis of the winning trades. A good trader will
maintain very strict control of the losing trades and the variation of the
losers should be very small. However we have very little control over the
winning trades. Common problems are:
1. Not enough winning trades and too many losers. Solution is to use wider
stops and increase your winning percentage.
2. You may also be eliminating some winning trades by having entry
conditions that are too stringent. The solution is to reduce the number of
conditions needed for entry so that there will be more trades and the system
will be more robust because it has been simplified.
3. Your winning trades may not be large enough to offset losses and produce
a profit. The solution is to try and let your profits run if you are
following a trend or to take the profits before they turn into losses if you
are trading short term or countertrend.
Losing trades are seldom the root of the problem with a system. We can
control those very easily. Its the winners that I have a problem with. How
do you make a small winner into a big winner? That is hard to do.
Chuck LeBeau
www.traderclub.com
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