So if I understand your answer to bigfish a few pages ago, you can let a position go against you until it hurts too much but also have been closing out other positions at small loss or breakeven on the assumption that you will re enter the market and win? Is that right or am I missing something here?
yes, you are correct. that has been my philosophy lately on the index trades. the oil trade is another animal. surfer
Thx for clarifying. Sound like it requires almost inhuman patience to sit through drawdowns of the kind and little income while waiting for the big wave to come. Do you complement these kinds of trades with day to day intraday trading too?
yes, the oil trade has been difficult. i am averaging into it here. the djia system trades have been succesful . yes, i intraday trade also. surfer
the nasdaq is snug as a bug within the death channel this morning. it is doubtful that the system will fire any trades in this index today. the djia is back into the channel, we are ready to execute when system fires in the DJIA. i am watching the VIX futures closely for a potential play as the election nears. still flat IBM/YEN dave g