Mummy Dengudu Vyeparam

Trading is a Wishing Well: How would you describe trading? In the words of motivational guru Tony Robbins, what metaphors you use to describe your Life affects the quality of your perceptions, and ultimately your Life. So it goes with trading. Some people say it’s like a dangerous animal, waiting to pounce; others think of it as rough seas, waiting to be sailed. I like to think of trading as a walk in a knee-deep wishing well full of coins –be content to consistently pick up coins here and there, and avoid the temptation to go for a chestful of coins, lest you fall and wet yourself.

JNTU Ammayulu Hostel lo Dengulata

The code for the Ghost Trader is designed more as a template than a complete trading strategy. Some trading strategies incorporate the success of the last trade signal in the calculation/determination of the next trade signal. We have tested several methodologies that only initiate new positions after a losing trade. Some traders feel that there exists a high probability of failure on the next trade signal if the last trade was closed out with a profit. This approach is much easier to trade than historically back test. It’s easy to keep track of your trades and then skip the hypothetical trades that don’t meet your criteria. In our example of waiting for a losing trade before initiating a new trade, you would simply stop trading your account after a winning trade and start paper

trading and wait until you have a loser on paper. Once a paper loser occurs, the next trade would be initiated in the real world. The code for Ghost Trader demonstrates how to keep track of simulated trades and only issue the trades that meet a certain criteria.