Yeah if I knew when I was down 100 that I was certain to make 267 points for a 167 point profit. A 100 point drawdown is not how I want to live my life.....the stress simply isnt worth it to make a minimal profit.
I think you need to put that 100 point drawdown into perspective. It's less than a 1% move. We're only talking $500 per contract.
ok, Ive got my results.... my live calls for YM (I started posting them in late '05) have shown these results (all calls have been made live on ET under my current ID and a previous one): 22 total trades: 18 wins for 1091 pts 3 losses for 70 pts -90% of trades were closed out in less than 24 hours -win percentage of 81.2% -average points per win 60.6 pts one trade was never closed out for some reason.I must have forgot that I had posted it.Anyway, those are the results.Anyone can look up the calls by doing a search under my name. blackguard
to my fans: nothing has really changed: still short AAPL @127.25 still short LEND @ 13.61 still long IBKR from 26.10 Im really suffering on AAPL and will probably throw in the towel if it doesn't drop after next weeks earnings report. As you all know, Im long term in IBKR and still see 50 by spring of next year. I wont be posting anymore stock trades,these things just move too slow for me and besides that my trading system isn't made for these.Ill be focusing on the YM contract exclusively. Speaking of which,I may be posting a trade next week. blackguard
Quote from islands111: my live calls for YM (I started posting them in late '05) have shown these results (all calls have been made live on ET under my current ID and a previous one): 22 total trades: 18 wins for 1091 pts 3 losses for 70 pts -90% of trades were closed out in less than 24 hours -win percentage of 81.2% -average points per win 60.6 pts Buy & Hold Dow (using Cash Index) from late 2005 (using 1st week of Sept as baseline: - 10,447) to present (13,851): 1 Win for 3,404 0 losses for 0 points Win percentage of 100% average points per win 3,404 one trade was never closed out for some reason.I must have forgot that I had posted it.Anyway, those are the results.Anyone can look up the calls by doing a search under my name. nice discipline on your part. And which of your aliases should we look under??? blackguard
ok, as promised here is a YM trade long Sept 07 YM 13641 1129AM EST possibly holding into tomorrow blackguard
update.... still long YM from yesterday 13640 ish.very bullish as of now.my system shows at least DJI 15000 before this time next year.I've never seen '15000' and 'DOW' in the same sentence on ET. Well, let me be a forerunner. This is my last post under this ID. blackguard
"last post" was a glimmer of hope until I read the rest of the sentence. Can a leopard really change its spots? Just so this post is remotely constructive, attached is a chart of LEND. Aren't you tad late to the party?
That is one WHOLE year away. The Sept rollover is only 2 months ahead... Blackguard, you really need to learn to use stop losses...