OOOOOOUCH!!!! Great point damir. Unfortunately damir is right!!!!! (although phantom also is right about fading on today---- that's besides the point) DUDE! If you don't post - you don't comment. PERIOD!!! EVEN IF WHAT YOU SAY IS RIGHT ------YOU ARE STILL WRONG IF YOU DON'T POST!!! YOU GOTTA RESPECT ANOTHER MANS JOURNAL!!! ESPECIALLY A DUDE LIKE damir who has a few hundred entries under his belt!!! Tough medicine to swallow but TRUE. I personally don't agree with damir strategy on today but you cant cut the man down based on one day or even 10-days of trading. You gotta look at the overall BIG picture. Hang tight damir.
I thought I'd comment on this statement. Days like today prove nothing other than IF you got short near the opening, and IF you held it all day long, THEN you end up with a nice profit. What days like today do not show however is how many OTHER days you got short near the opening, and it went the other way. Nor does it show all the other days that simply whip back and forth. I've been watching Damir trade from a distance, and I must say that I think he does a pretty good job. A day like today takes him out to the woodshed, and I'm sure that if he had known in advance he would not have been a buyer. He's posting his trades real time though...you got to hand it to him on that. And most of them are profitable. And it appears that over time he's very profitable, reduced even by days like today. I think he's got an important point....post YOUR trend following trades...let's see them over time. OldTrader
and you have no idea how upset i am i didn't take Grasso's call last night. lots of ways to approach the market, only thing you can count on, no matter what you do the market will collect its pound of flesh every now and then. this is the first september for the NoiseBox. there is no way for me to calibrate it to the type of trader i am without going through the process of dealing with this kind of month.
I like the way you trade, although I obviously don't have a clue how NoiseBox works. I like to view the day with an eye toward the underlying stocks and sectors, trin, tick, A/D, etc. These give me a bias typically...but I like to fade moves against that bias. Perhaps something like that combined with your NoiseBox would help. My personal feeling is that the month isn't consistent. OldTrader