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To keep it simple - there is ONE trading rule to not forget:
Follow your trading plan !!!
This is by far the best money managment ;-)
To get some excellent views about that rule - please have a look at the last Webinar of Jeff Quinto here on nexusfi.com (formerly BMT).
He has put a remarkable slide to that theme which brings you to the "circle of success".
Took the time and made an effort to put the spot on my system with different rules
for every weekday in the Dax.
As you know there are different rules for every weekday - now looking back this year
it would be nice to know which weekday gave the best results so far - and which
day might be skipped.
Here are the results:
Weekday's total twittered points from January 2nd to now
Monday 239 points
Tuesday 40 points
Wednesday 352 points
Thursday 105 points
Friday 281 points
TOTAL 1027 points
Conclusion
Looking back to the efforts - I could certainly skip Tuesday's trades in the future - as for
so many trades I took in these 46 weeks to "earn" less than 1 point per week - I need to say:
Forget about!
Instead of finding a more adequate rule set for Tuesday: "ONE DAY MORE OFF!" - hehe...
That should be a good economic approach.
Looking to put most weight (in cars) on Wednesday and Friday should bring top results.