Wrong. Obviously by long run i mean a run of trades.
A single trade, a group of trades too, will give close to random returns. Law of large numbers applies to edges. Or are you saying that you make money every day ?
Different people trade differently. My guess is perhaps you have some discretion in your trading ?
While i do try to adapt and improve from time to time i have systems with what you would call ‘rigid logic’ making money for quite some time. Essence of those systems is largely same and i might tweak them as needed, but with years in between.
Markets rewards different type of people doing different things.
I think there’s been a misread. You’re pulling ‘long run’ out of context and layering assumptions on top of it.
When I said there’s no ‘long run’ in intraday trading, I wasn’t referring to outcomes over many trades or expectancy curves. I meant the moment-to-moment decisiveness required ,which, by nature, is binary.
You’re either decisive in execution or you’re not. there’s no gradient of ‘more or less’ decisive in real time.
Tying decisiveness to outcome metrics like win/loss expectancy over a short trial is not only misleading but dangerous. The market rewards clarity of action, not reflective stats mid-flow.
Years in between?
my comment on ‘rigid logic’ wasn’t about systems that remain consistent - it was about rigidity in execution mindset during live trades.
Even rule-based systems require adaptability in how they’re executed in real time, especially under shifting conditions, volatility spikes, or when setups evolve subtly. That’s where discretion creeps in, whether we admit it or not.
This is only a question for discretionary execution, and it can be a struggle ( for amateurs atleast).
Systematic, unless you are meddling and don’t trust your system, there is nothing to do day to day.
No decision to make, its been made already. We still might need to decide on things and changes from time to time, but not under real time pressure.
Pretty stupid to do that, considering short term is basically noise. Dunno where this came from.
Not really, i have rules sure, but a simple stop is enough too. Things average out.
Yes discretion will be there for systematic traders when designing a system, guided by how market works (and noise … ). Buts that’s about it. Nothing to do in realtime if you don’t have twitchy fingers.
I feel that moment to moment market movement is largely random, and responding to it is just a recipe for increasing stress. Obviously some will disagree and will feel that they can derive an edge via their short term market reading / adaptability.
Different people trade differently, generally we don’t have absolute rules that every one has to follow.
I know of a good trader who trades a system (not in India) without trade level stops and it make sense for his system. Risk is managed in other ways. Just as a n example…
True, and I am not even an amaeteur (wrt results and experience). But I feel it is tougher to let systems run overnight when events are on the horizon (I am always CTM). For sure I have missed out on plenty of monies due to such, my systems are automated, but I have the stop switch in my hands
Maybe if I reduce my size (I am already not that agressive, my margin usage is only around 60%), i’td be easier to just let go…
For now i only trade intraday ( hopefully this will change this year ), but yeah i can imagine that holding overnight is tougher.
My plan is to not use leverage when i get to overnight, so will only look at stocks cash to start with and hopefully this wont be an issue.
When trade size/risk/pnlVolatility is more, yes its harder to follow plan.
Over last 5 years there was only 1 instance when i quit manually. Election day last year, i had an absolute extreme profit day ( like 3x+ previous all time best in live) in a system. Absolute crazy and had to exit when market was not pushing anymore, could not refrain from meddling.
On extreme losing days, i just curse and let stops get hit. Best not to look at all, but hard to do when market is really moving.
But overall, for me, all this stuff increases stress and i have no proof that it helps. So i strongly prefer to not meddle and make things worse.
Honestly, this back-and-forth from SEBI is confusing. On one hand, they say no changes to weekly expiry, and then suddenly we’re hearing about a shift to fortnightly. If the goal is to protect retailers, then maybe start by actually talking to them.
Retail traders aren’t asking for hand-holding. We’re asking for consistency and a level playing field. Most of us understand the risks. We’re not here for guaranteed profits, we’re here for fair access. If expiry-day volatility is a concern, fine, let’s address that. But removing weekly expiries altogether feels like overreach.
Hey, you still missed my point. I wasn’t talking about profits or fancy strategies. I was pointing out how stop-loss keeps getting hit way too often while trading. Your skills or practice don’t mean much here unless you’ve got some magical powers to control things. The SEBI report clearly says JaneStreet was messing with the market, using a few stocks to target common traders. They rigged against us most of the time, and no amount of so-called wisdom can fix that. Please see the real issue; even the best traders can’t always win against this kind of manipulation handled by a powerhouse with massive cash. Let’s be real here!
