David Clyne

Father, husband, farmer, futures trader (classical charting).
Student of Edwards & Magee, Schabacker and Peter Brandt 📚
English / Bislama 🇻🇺

[David Clyne @DavidClyne9]

2024 Trading Metrics (including all costs)

- Profit Factor: 1.72
- Win Rate: 44%
- Mean Basis Point Loss: 23
- Mean Basis Point Win: 90
- Total Trades: 91 (1.7 / week)

Very proud of these results, my risk management really tightened up mid-year when I started to prioritise reducing my average BP loss (thanks always goes to Peter Brandt and his Monte Carlo analysis).

Still, I know it was a very good year for trading with many strong trends occurring across uncorrelated markets. I'm aware this kind of environment may not occur again for a long time, so I ask myself how will I go when various markets chop sideways all year?

The answer is that the markets giveth and taketh away, that trading is a long term slog and that if I followed my strategy and wouldn't have changed anything in retrospect, then that is also something to be very proud of.

I'm ready for 2025 and I'm very much looking forward to the discussions with @factor_members. For me, joining The Factor was where my trading went from luck (and mostly self-sabotage) to a carefully managed grind. I really don't know what I would have done without it, probably still still using dark mode with many colourful indicators and copy-trading I suspect.

These are the things I will be doing differently this year:

- A new rule will be followed as to what constitutes a 50% and a 100% trade (no longer will pattern duration be the deciding factor)
- Minor currency pairs are to be avoided at all costs. AUD/DKK et al. made up 30% of my gross loses and excluding all of them would have resulted in a PF of 2.43! This is low hanging fruit.
- Increasing my nominal trading capital by 10% (i.e. the ROI I made this year)

That's it. The battle against myself is ongoing and goes without saying. My skill in talking myself out of a trade is very strong. At least now I know that, more often than not, this is usually a good sign, but sometimes I still cave in.

As Peter Brandt says, "he conquers who conquers himself" and never shall one understand that more than in trading.

[David Clyne @DavidClyne9]

@factor_members Thank you, I might lean into this one a little, given who it belongs to.

[David Clyne @DavidClyne9]

@McClellanOsc We homeschool and teach cursive ✒️🤷

[David Clyne @DavidClyne9]

@factor_members Yet an incredible PF!

[David Clyne @DavidClyne9]

@factor_members Great article, thanks Peter!

[David Clyne @DavidClyne9]

@kamfongchun @factor_members Haha love it @kamfongchun 😁👏 thank you 🐱🐈

[David Clyne @DavidClyne9]

@factor_members 98K for me. Sentiment was so negative on a double SPF. Stops at BE

[David Clyne @DavidClyne9]

@winstonpeters Thank goodness, well done 👏 💪 and let's be absolutely honest, change "potentially damaging drugs" to "significantly damaging drugs", you change "stop" nature 🤦‍♂️

[David Clyne @DavidClyne9]

@KimDotcom @aniobrien definitely 💪

[David Clyne @DavidClyne9]

@winstonpeters Are you serious, when did NZ First become the fun police?!?

[David Clyne @DavidClyne9]

@winstonpeters Sincerely well done 👍👏 still homeschooling our kids though

[David Clyne @DavidClyne9]

@aniobrien When has more government been good ever in history? It's a parent's job to protect their own children.

[David Clyne @DavidClyne9]

@Ramblin_Rebel13 @factor_members Hope so, went long on that last dip below the ema's. Small position but had to fade the "dollar debasement gold trade" I was hearing people talk about.

[David Clyne @DavidClyne9]

@factor_members Wow 😳 thanks for the insight

[David Clyne @DavidClyne9]

@factor_members My father sent me this from Martin Place in Sydney last week. People were queueing for several days to buy gold 🪙

[David Clyne @DavidClyne9]

@factor_members Is volume ever an indicator you use with it Peter?

[David Clyne @DavidClyne9]

@factor_members Great way to think about them, offsetting the losers, thanks Peter

[David Clyne @DavidClyne9]

@factor_members You're an incredible grinder Peter, keep moving and keep believing. Don't let the docs tell you what you can achieve 💪

[David Clyne @DavidClyne9]

@factor_members I've said it before Peter, your passion is a large part of your edge. I hope you write about it in your next book, trading gives you a lot of joy.

[David Clyne @DavidClyne9]

Wow Peter, thank you 🤝 Lovely to hear yours and Mona's story, what a photo too 😎 I've been trading quietly this year, having to homeschool my three children and keep on top of my sister's cancer treatment has taken up a lot of my mental resources. One thing I've noticed reading all your posts (I always have time to do that) is that, without the joy you have trading markets Peter, the endless fascination with how they function, I don't think you could have achieved what you have. Trading because one loves the challenge of managing one's EQ, because one needs the intellectual stimulation and because one enjoys firm self-discipline for me is the edge. One will do anything to succeed if that joy is present. This is something that perhaps doesn't get as much focus as the technical side of trading but is fundamental to it. Thank you so much for sharing your stories here. God bless 🤝🙏

[David Clyne @DavidClyne9]

I don't want any bureaucrat elected or unelected knowing where and when I use my own private vehicle. Especially when it's to fulfill some insidious sustainability goals that none of us voted for 😡 More government has always caused more problems, frighteningly more problems! #history