Thanks for sharing Peter. A thoughtful analysis. If you did ~0 with MR you did great this year. General market is down ~18%. Capital preservation for the better conditions is the second most important goal after making money. I don't trade Canadian markets. Tested them on the early release of Norgate EOD for Canada and didn't seem appealing. Liquidy is much lower as well.
Closed SPY short after-hours. I think it's wise to wait for the news tomorrow AM and see where price takes us on that instrument. Occasionally price will run favourably for a position ahead of news giving a lower risk posture, but that didn't happen here hense stepping out of it.
Out of volatility in a pre-market, didn't behave right. Just before the news. More long stocks. Inflation data is much better than everyone expected, we're going up into Christmas. Fed is unlikely suprise anyone tomorrow but will see. Edit: Got stopped out of short bonds. 95% long equities into this swing. As you can see, I'm usually out fast if anticipated move doesn't play out. This is very important if picking pivotal points with high R:R. Win rate on entries is very low, but when things start moving it pays off. Notably - win rate on a thematic plays themselves been very high for me, around 90%, but might be in/out a lot building a position.
Almost every day this come to mind, especially when I think of being stubborn with a position: And this is a rule to live by trading discretionary: It was all very well not to lose your bear position in a bear market, but that at all times the tape should be read to determine the propitiousness of the time for operating. If you begin right you will not see your profitable position seriously menaced; and then you will find no trouble in sitting tight. Done for a day. Will go for a hike now.
%% Good SPY downtrend with mo lines + trend line; 200 dma is still a signal on downtrend...................................................... Saint Nick rally still could happen, but not likely with 2 hours into FRI + down bound again[Edit=strange year DIA almost never beats SPY,YTD; DIA making higher lows on weekly candles]
This is the end of this journal and I will request to lock it. Thank you everyone for your kind words over the years. This is my new journal and I am currently 1mil short in equities.