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14
Nov

0

Improving A Profitable System – Edgewonk Journal Review #2

This week, we are reviewing an Edgewonk journal from a trader with a profitable trading strategy and a good track record. However, there are a few things that we need to address and some flaws in his trading that keep him from reaching his full potential. 

If you want us to review your journal, make sure to take a look here: Edgewonk’s free review service

 

A few observations based on the trader’s performance: 

  • He has long periods of good trading performance but a short period of losses can wipe out a significant portion of his winners
  • He should learn to cope with losses more effectively to smoothen his equity graph 
  • He has a few significant outliers in his losses. He needs to address cutting those losses early on to protect his performance
  • His winners are relatively small, compared to his losers. He can look into letting winners run longer or cutting losses earlier
  • For that, he can utilize the Updraw or also the Alternative Strategies in Edgewonk
  • His missed trades are performing well. He should look into why he is missing out trades

 

Overall, the trader has a great performance but to improve his returns and achieve a smoother account growth, he needs to look into the few issues pointed out above. 

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