ilmscore | Analyzing April Trading Reports from Students & Myself

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
If a trader continues with a losing strategy without returning to simulator practice, they will likely experience two more months of significant losses.
"If you were with real money, definitely go back to the sim because this is not working. And you don't want to have two more months like this. No way."
Trading performance
Pending
Based on recent performance (last 30 days), the author predicts he will lose money if he trades stocks priced above $20 or below $2.
"So, you could say, Ross, don't even trade anything above $20 a share...but the last 30 days was not an exception. The last 30 days I was losing money. And stocks below $2, I also don't tend to make money on."
Trading performance
Pending
Improving trading accuracy will lead to fewer losing trades, an improved profit/loss ratio, better consistency (more green days), increased confidence, which in turn encourages bigger share sizes and greater overall profitability, creating a positive feedback loop.
"if right now you're struggling with poor accuracy, your calendar is red, the first thing to focus on is improving accuracy. Because when you improve accuracy, what happens? Your accuracy goes up. Invariably, you have what? Fewer losers...your profit loss ratio is typically going to improve...What gets better? Your calendar, your consistency...now you start getting better consistency and that makes you feel confident taking more trades and taking bigger share size. And you do all that and you're making more money. And so this becomes a positive feedback loop."
Trading improvement
Pending