A 70k bet that I can't make a 50% gain in 2009

[geez]

Quote from geez:

6/2/09:

10:33 1200 BRCM SHORT 26.33
STOP 26.48
TGT 26.03

10:45 1200 BRCM EXIT 26.49
P/L -204.35

 

[DblArrow]

Quote from traderyin:

Huge short bias today. Took a huge gamble running in front of the home sale data, geez.

Hope you don't mind geez.

Why is following your system irregardless of news a "huge gamble"? System says take a trade - do it. I would think that if nothing else, folks would learn the value of trusting in and taking system signals - if you don't trust your system that is altogether a different matter. geez has shown multiple times that you take the system trades and let the stop and target sort out the winners and losers.

 

[ddlee]

what traderyin is saying is that you run the risk of huge negative slippage ahead of a number regardless of stop locations.

 

[geez]

6/02/09:


11:29 1000 RIG SHORT 83.24
STOP 83.44
TGT 82.86

 

[geez]

Quote from geez:

6/02/09:


11:29 1000 RIG SHORT 83.24
STOP 83.44
TGT 82.86

11:38 1000 RIG EXIT 82.84
P/L +401.15

 

[geez]

6/02/09:

2:01 1200 TNA BUY 31.39
STOP 31.24
TGT 31.69

 

[geez]

6/02/09:


2:26 1200 KLAC SHORT 27.94
STOP 28.09
TGT 27.64

 

[geez]

6/2/09:

2:42 1000 TNA BUY 31.58
STOP 31.38
TGT 31.98

 

[geez]

Quote from geez:

6/2/09:

2:42 1000 TNA BUY 31.58
STOP 31.38
TGT 31.98

2:59 1000 TNA EXIT 31.38
P/L -210.54

 

[geez]

Quote from geez:

6/02/09:

2:01 1200 TNA BUY 31.39
STOP 31.24
TGT 31.69

LATE POST:

1200 TNA EXIT 31.23
P/L -203.72