it appears that the topping has ( finally ) started. making final entry in YM @ 11610 short. average entry price 11555 surfer
surfer what happened to your neo gann system that used to try to catch breakouts from a channel up or down. did you give up on that because of too many whipsaws?
hey vhehn, yes, it was getting whipsawed--however, its still part of the arsenal--too bad i was not using it on this run up!! surfer
Surf , at the moment you're pissing into the wind. Dly,wkly,mnthly trends are all UP. At what point are u wrong, cut n run or reverse?
These blanket statements of "losers average losers" and the like really make me sit back and laugh. These statements take nothing about position sizing with relation to portfolio size etc. into account. The statements by themselves mean nothing, absolutely nothing. I average losers quite often, but I never overextend and that is the key. Now, if you commit a huge amount of portfolio size and then average in, then that would make you a loser. That is something that I don't do. I have been averaging losers for 25 and a half years and I am still here.
yeah, it goes higher and higher, and any indicator that measures divergence goes lower and lower ... when it blows, it's gonna blow hard! damn, wish i had the stones (and the loot, and the knowledge) to manage money like this Later, Jimmy
New top again @ 11642. Time to get the calculator out again. Short @ 11508 Short @ 11532 Short @ 11572 Short @ 11610 How many contracts per execution? Yes, this is the way "Professional Traders" do it! I'm impressed.