Steve168
Congratulations on your success and I wish you many more years of similar returns.
Anyway I am trying to stay cool after huge gains lately and taking some chips off the table.
I've had results similar to yours over the last several years (after the changes implemented after a devastating 2000 through July) and I understand what you're saying. For me, too, it is about exercising discipline in remaining objective and dispassionate. There is a saying "If you like what you're getting, keep doing what you're doing." I have a tendency to "tinker" but I believe I have learned enough discipline to really think through any modifications and, perhaps, paper-trade the ideas before implementation.
Another factor that is continuing to give me some opportunity for personal growth is fighting the tendency to calcify my reasoning. The market and its psychology is always evolving, yet I get fearful of the successes and don't want to jeopardize it, so I have a tendency to want to not look at change.
Balancing the "tinkering" and the "calcification" are the greatest current challenges (that and trying to find a good, reasonably priced source for mass download of raw financial data).
Perhaps, with your system being heavily influenced by TA this won't apply to you, but for me, I have discovered that in reviewing my trades for the last year or two that even though I've had some remarkable success, I was leaving a lot of gains on the table. I have sold too early and many times have missed a doubling (or more) from where I sold. I'm not sure whether I'll change anything about my style in light of this insight or not, but I thought I'd share it with you.
Again, well done and many more years of continued success!
TimbaBear |
