I trade in opposite directions quite often. I might be long ES in in my swing account, and scalp short another instrument if the setup looks good in another account.
When you do this in different accounts, does having the accounts at different brokers provide an extra edge?. I can see the myriad possibilities now. Thanks gkramer!.
Lesson for today: There is a time to take profits and there is a time to let your winners ride. Learn to differentiate
I will do the summary at the day's end. So let's see so far in January: EMG : 4 signals, no trades, BA 0.625%, P/L 0 pt BA is batting average, when the market moves in his way even if no fill. As I mentioned earlier, his BA is getting down to 50% since the summer when he was batting 80+ %. .625 is 5/8, 2 good, 1 bad and 1 so-so. EMGi: 4 trades, W/L/BE: 1/2/1, P/L: -0.5 pt The 2 times when the positioned moved 1.5-2 pts in favour, I didn't take profits, because I don't want to mess with the target, when it is only a few pts away.Try to keep it simple, unless it moves deep in the money... After 4 signals, we are almost even. Here is my expectation/guess: 1. If he keeps the BA high with a decent fill average, the inverse system will outperform him by 3-5 times. 2. If BA is around 50% but still decent fills, the inverse system still makes 100% more than him. 3. If the BA gets low and no fills like until now, then the inverse will underperform, but it will also show that his system is pretty much unprofitable/very low return.
Been checking so much stuff, everything points to something about to take place. Not sure about stocks, but it looks like USD is about to advance, whatever the reason/s may be. TICK, VIX, TRIN, Eurodollar, EUR, GBP, YEN - all at turning points... SIFs at or hovering near previous breakdown zones.
He only had 3 very good signals. Just a note, you are wasting your time criticizing emg. the more you criticize him, you are embarrassing yourself as a fool.