A system is a tool made for exploiting an edge in an efficient manner, without a system an edge is useless, since you need the proper methodology to implement your edge. ...
Ouch. Sorry to hear of your loss. Biotech really bugs me out, because it does that. I used to play them the most, til I got my fingers burned off. Now I keep my little bloody stumps in slightly less volatile sectors. While I love to gamble, I'm really a very sore loser.
Agreed. Also, in regards to swingtrading, why not have a stop already in place once you entered the position. Especially with the crazy biotechs. I started putting in 10%/key support stops and I am glad I did it cause sometimes Im not around to see what's going on. Saved me some big losses.
Hey VP... I thought you an momoney had disappeared off the face of ET where have you been the past three months? somewhere warm
VP, what if vols go against you before you unload the paper? Just teasing. How's making markets treating you these days? Won't be too pretty come January. Good to hear from you.
Interesting thread, to say the least ! My intention was to share an experience on a trade which turned out as a loss. I just would like to thank those who gave me some advice and those who thanked me for sharing. For some others, I just hope that they trade better than they read ! I 'll see you all on another thread.