"The minute you think you have found the key to trading, I promise you the markets will change the lock." - Linda Bradford RaschkeIt is very easy to think that there is a magic set of parameters which will work best in a chosen market.
The problem is that a certain set of parameters, on a particular timeframe, may work well for a specific period of time, in specific market conditions. But as soon as you dare think "Eureka - this is it!", the markets will change character and those parameters will not work as well.
"The great thing about being a trader is that you can always do a much better job. No matter how successful you are, you know how many times you screw up. Most people, in most careers, are busy trying to cover up their mistakes. As a trader, you are forced to confront your mistakes because the numbers don't lie." - Marty Schwartz
It is about a year since I start making some changes to my own trading approach. This followed a poor run of losing trades over several months which eroded most of the gains I had made in the first part of 2014. So, did those changes work?
