A 40-year stock trader and mathematician who had a 366% return shares her 4 biggest tips, plus the winning strategy she learned from her worst mistake
. Within three weeks, they had lost $75,000 of it. In 1980, that was a lot of money, she said.
It's safe to say, Harris didn't do as poorly as her ex-money managers. In 1994, she became the top-ranked commodity trading advisor among the top 100 profitable CTAs managing under $10 million. She had a 365.5% return under the registered name Roark International, according to Stark Research. for 42 years and has created her own indicator called SunnyBands.
The sobering experience brought her to a realization that would help her craft a winning approach. If she had been zoomed in looking at shorter-term charts, like the 5-minute chart rather than the daily, she'd have seen price slowing and rolling over, which is an indicator in the futures market that measures investors' willingness to keep betting. This is one of the signals now factored into her SunnyBands indicator.
On average, Harris says the general rule is to test your strategy with at least 30 trades. But from her personal experience, she recommends a minimum of 100 trades before you can really determine if it will work overtime. You must also test your approach in a down, up, and sideways market for it to check out, she added.
A big mistake a lot of traders make is they revenge trade, which is when you start over-trading after a loss in an attempt to make a comeback or regain losses, she said.
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