Search results

Yes, back to old habits i'm afraid. Main mistake is I am just doing too much discretionary trading. I basically got caught long silver, gold and crude on Friday and didn't cut and run. The problem is because I work full time I don't have enough time to adequately plan out and think...

Well, all I can say is, easy come, easy go.... Terrible week....first truly bad week since the debacle in May. Here are this weeks stats: Weekly Gain: -4.5% YTD Gain: 58% % drawdown: -4.5% The situation is actually worse than the picture above paints, as I was up several...

Gold is severely undervalued. You just have to be able to look beyond the end of your nose to see it.

I hear you...i have not been trading CL as much since it broke out above 85 and really 77 before that. I just don't do well in these hard core trending markets...i do better when there is more of an ebb and flow. Too bad since catching these crazy trends is obviously the easier way to...

yes, i saw that...i just "bought the dip" across several markets, including crude. we'll see...that play has been paying dividends for me for the last few weeks. my luck will run out eventually. but thats ok.

i pop back in after being away for a couple of days and i can't figure out whats going on here? :eek:

Nodoji -- yes ive been reading your stuff and see that you've gotten pretty good with letting winners run...i just need to follow your example! SpecialK - this aspect of my system is pretty mechanical i have been taking profits when i really shouldn't be. But, for my discretionary swing...

You actually raise a great point...the core of my system is basically a mid/long term trend following system that uses ETFs. I have backtested it, but only broadly for about 8 years (which isn't a lot of time), but I have validated it against about 30 years of SP500 index data. Anyway, I...

First, here are this weeks stats: Weekly Gain: +9.1% YTD Gain: 73.5% % drawdown: 0% (!!!) This has been an extremely momentous week for me. I've accomplished what I really felt to be impossible, which is that I've managed to pull myself out of drawdown in this calendar year...

Its interesting to note that had i not blown up on those two days in May, I would now be up close to 140% with very low volatility and 85%+ winning weeks. Not a lucky bull run or trend following in a hot market, but hard core grind it out countertrend mean-reversion scalping. A lot of it in...

Ha! Its funny, same experience almost to a T! I am not so convinced about the "no average down" rule....or, at least, after 10 months and thousands of trades, I believe that scaling in, and particularly doing so when averaging down, is a profitable strategy. The issue, however, is that by...

All i can say is DAMN. I guess much like being an addict, one is never really cured, only in remission. First, here are this weeks stats: Weekly Gain: -0.5% YTD Gain: 46.5% % drawdown: 6.3% From the stats, it would seem an unremarkable week. But the fact is I was...

\ i need me one of them

Had a good week this week. All of my discretionary trading was really strong, and I ended the week up in spite of a a big draw down in my core long position (which halved my gains). Weekly Gain: 1.8% YTD Gain: 48% % drawdown: 5.8% It is starting to seem really possible...

yeah, im with you...i'll be renting for the foreseeable future. my only concern is whether or not the fed is going to be successful in trying to create inflation, and if they will be too successful at it as many fear. in that case, owning a home is a pretty good hedge

which numbers

Things are chugging along quite well...i suppose everyone is doing well with QE2 and all. Anyway, still ahead of my goals at the moment and will stay the course through year end. Not trying to swing for homeruns, just trying to get singles consistently. YTD Gain: 43% % till out of...

very complicated i say its all about buying dips here ;)

I made a similar mistake in May that cost me $100k in two days...i agree about moving on, but for me it was necessary to take two weeks off to disconnect from the anger & revenge, to reconsider my approach, and to recommit in a very serious way to risk controls. If i had not taken that two...

Update for this week...things are going pretty well, i had another up week and am now up 33% on the year. I am in a drawdown based on my current equity levels of about 10% (from May). I am positioned 50% long, 25% in TLT, and 25% in cash at the moment....looking for the highs at...