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Accounting in August 2023 returns of 5.9% , Super Straddle gave a return of 54% last year with a maximum drawdown of 10%. This algorithm was a favorite choice of many traders and was chosen by the maximum number of people amongst all the 4 algorithms because of its consistent returns with moderate risk.
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Delta Neutral gave the second highest return last year with maximum drawdown kept as 5%
Some months were good for the system. In the volatile months, system closed in a break even or gave a minor negative return.
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Index Futures has given the highest return amongst all the Algorithms in past one year. If we add up August month returns (10%) the total returns come out to be 182% . Proved out to be a great strategy for risky players.
Important note : Anyone subscribing to any of the strategy is suggested to keep the system on paper trading mode for the first few days or months while building confidence before deploying real capital.
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Starting out in trading can be overwhelming with the abundance of strategies available.
Every trader claims they have their own version of the holy grail.
When I was starting out, I wish I had this advice.
One of the biggest challenges in achieving consistency is giving up just before making a positive turn in performance. Traders often see immediate results when learning a new skill but the pace of improvement slows down over time.
As traders seek more progress, they may look for different strategies.
It’s essential to understand the reasons behind this decision such as lack of success, unclear context or personal preference.
However changing strategies means resetting the experience clock.
Each time a new strategy is adopted, traders start from scratch, learning from mistakes, optimizing plans and understanding its nuances.
Unfortunately, constantly changing systems can make the trading journey more challenging.
Recognizing that experience accumulates over time and sticking with one strategy can unlock hidden potential is crucial.
Instead of jumping from strategy to strategy, consider finding a credible mentor with experience and a positive approach. Their guidance can provide valuable insights and help you stay on track.
Turn off the noise.
Avoid the distractions of social media and excessive trading resources. Instead, double down on improving your current plan. Deepen your understanding and refine your skills.
While everyone seeks the elusive golden nugget, remember that it might already be within your current strategy. Take the time to explore its full potential and adapt it to your own style and preferences.
Wishing you a happy ganesh chaturthi 😇
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Let’s talk about patience.
Traders who lack patience will suffer from :
Impulsive decisions
Extra stress
Wasted emotional energy and will power.
A lot of time we blame simple problems like exiting a trade early, entering a trade early or even picking a bad trading setup due to lack of our patience.
Did you exit the trade because of a lack of patience or did you exit the trade because you didn’t know what action you needed to take next?
Did you enter the trade due to lack of patience or did you enter because you didn’t know what you were looking for?
We usually don’t suffer from a lack of patience but instead we suffer from knowing what action we need to take next.
If you understand this simple lesson you will now see your “lack of patience” as a signal for a problem that needs to be addressed.
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Studies show that people who visualize the process of doing something are known to perform better in what they are doing.
Start to visualize the trade before you pull the trigger.
You should try to outline the obstacles for this particular trade.
And also develop - If this happens, I will do this statement.
By visualizing the trade it will allow you to become aware of all obstacles that could arise.
By becoming aware of these obstacles, you can build a clear plan for all scenarios.
This will allow you to focus on reacting when the moment arises.
Start developing clarity behind what you are looking for.
This is how the high performance individuals (best traders) trade : by visualizing the process.
Wishing you a great trading day ahead!!
