nitro, consider you have the wrong product for mean reversion and/or your system needs tweaking if u decide to run these paper trades longer.
SPX is "relatively" mean reverting but with an upward bias. Consider around Thanksgiving ES traded 1810 and golly gee...today it is 1810 ish...but we traded almost 1750 just a few days ago. The problem is when ......eventually....we are clearly wrong we don't take measures to revaluate and close the losing trade..thus management of a trade is the "art" of trading. SPX is NOT a product you want to take a LONG term SHORT position on...period. You must set either a time or point stop. or at least roll the damn thing!!!!
Better you do a quick search on some of my posts..I truly hate to clutter his thread on OT stuff. With that said, if this thread was started by a new et member, it would have been closed by now.
sigh just an average Joe, but even I can see, nitro, that you might want to take a massive bong hit & re-think this strategy...what you're doing for entry/exit and money/risk mgt is anti-strategy. The trend is up, cause Benny & the jets said so.
And Ralph's secret whisper to Alice was "You ain't stopping at the moon Alice... you're headed all the way to Pluto" Top at 1900? 2000? 2200? OMG! Merry Christmas everyone!!! A time to smile and be happy!