Discussion in 'Wall St. News' started by joesan, May 14, 2007.
A disaster for overnight systems.
:eek: :eek: :eek: :eek: :eek:
markets continue to reach new highs. The Dow is going for records tomorrow. Should be there by 9:30am tomorrow morning.
I got beaten because of the dropping last friday, managed to hold some long positions overnight and recovered a bit. It is nightmare, never holding this shit overnight again
Very bad day for me as well because actually HSI spent all day consolidating in a triangle with no profitable moves (for my method at least).
Yes indeed, not a good day for both swing and intraday traders.
It is a bad day
I try to figure out what is wrong with my system
Take it easy. Just one of those common bad days.
Agreed. At first I also got frustrated cause according to Murphy's laws this day happened to be exactly my first real money trading day for this method which now shows pretty nice drawdown , but now I just calmed down and just accepted this bad day as a bad day.
After all the worse it was today (pure triangle) the more chances for good days after.
I know the profit of intraday system has much relationship with
today's range is not small
but my trend following system failed
I don't know why
Does someone know why it failed?
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