If your system has your shorting in an uptrend, it might need some work. I enjoy shorting at resistance confirmed by momentum divergence on stoch or MACD or whatever, but limit my losers on such traders to two losers in a row... But that fits in well with my objectives, and maybe not yours. Godo work on following your system though. If you continue to have losing days with it, then take a good look at it and what its doing for you. Systems should simply cut losses short and let profits run, but remember that you are your system. Just my two cents! Anyway I'm also looking for some people that want to do msn chat during trading hours hit me up at the_future_ismine@hotmail.com I will also do gotomeeting mid day eventually.
Nice work this week. You are clearly on a good path, not over trading and only taking the best setups.
you don't get this trading thing after a few weeks. Add 3 to 500 years to that and you will be more correct.
Nah, my learning isn't complete and yours isn't either. But I know what you mean. Statistically that works until you have a 6 sigma move that blows you out. There's a way to catch 80% of the move. But your arrogance isn't going to get you there. Your problem is accuracy, slippage, and no clue where the hell to put stops. I know your system fails under loose guidelines by how cocky you are about it I've got a good feeling your not smart enough to fix it. Show me your P&L from your system. I want #'s. PM me if you desire.
Mr Black, thanks for posting that. I've been meaning to plot your trades that posted on a chart, and review them for clues. But I haven't gotten to it yet. Will look at that this weekend. Thanks again.