Chessmans Journal

[chessman]

Stopped out of the long position. Went long on the break of 446.40 level. Looking for a point tomorrow Friday to dump 1/2 the position.


Notes to self:

System performance wise, this has been one of the worst weeks in the past 2 months. However in the past this has been a good time to increase size.



"These days people are showing a lot of concern that markets are different and trend following methods no longer work.

I recall, in the old days, people showing a lot of concern that markets are different and trend following methods no longer work. " -- Ed Seykota

 

[chessman]

Closing out 1/2 a position here.

B 447.10 S 454.80

Moved the stop up to 450 for rest.

To all my friends, Good Luck Trading.

A special note to my day trader friend in San Francisco, as you can see swing trading does work ! You just have to get over your fear of holding positions overnight ! There will be times when do to overnight action you will see the dow open 60 points against you, but if you stick with the system, your account will make a new equity high within two weeks.

Russell, Tnotes are two excellent swing trading vehicles.