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It sounds like previously you were losing money because your frequent trading generated a lot of transaction costs. Now you trade less frequently, you have removed a lot of drag on your returns.

Essentially, all I am saying is that if your trading were completely random (and buying based on "broad stroke feeling" and "gut" and "feel to your bone" is essentially random) you would expect to do better the less you trade.

Which is exactly what you are seeing.

It was more exiting at a lower price than I paid that was doing the damage. The problem was, in my view, that I was trying to apply logic to an sentiment market. This won't work on the very short term time scale without some kind of knowledge advantage. Or perhaps I was simply not good at it!


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