Hey all of you out there trading dipbuyers...
I trade a dipbuyer system on US stocks...and here are the YTD results...
I was up 27% for the year until several days ago... Now I'm up 7%! That's one hefty drawdown for a few days work (this week I lost 49,000$...).
My main problems this year(which caused drawdowns 10-20%)are:
1) February-March correction and subprime mortgage breakdown
I had lot's of positions like AHM,RAS,NFI,NEW...(for e.g. I rode new century(NEW) down from 18$ to 6$ and than sold it contrary to system signals) ---> Drawdown in march +25% ! (took me 3 months to get back on track)
2) Utility sector correction in June which resulted in +15% drawdown --- But I quickly got out of that drawdown...
3) July another subprime related correction ---> Current drawdown around 15% (should be around 25% but I blocked trades like AHM,NCT,RAS and CFC this time around! ).
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What I'd like to know is how you who trade dipbuyers performed this year and how you got through the periods I mentioned above.
P.S. If today markets rebound from yesterday's selloff I should cover at least 30-50% of drawdown, and so far the index futures look good...so maybe YTD performance is a bit misleading...
I trade a dipbuyer system on US stocks...and here are the YTD results...
I was up 27% for the year until several days ago... Now I'm up 7%! That's one hefty drawdown for a few days work (this week I lost 49,000$...).
My main problems this year(which caused drawdowns 10-20%)are:
1) February-March correction and subprime mortgage breakdown
I had lot's of positions like AHM,RAS,NFI,NEW...(for e.g. I rode new century(NEW) down from 18$ to 6$ and than sold it contrary to system signals) ---> Drawdown in march +25% ! (took me 3 months to get back on track)
2) Utility sector correction in June which resulted in +15% drawdown --- But I quickly got out of that drawdown...
3) July another subprime related correction ---> Current drawdown around 15% (should be around 25% but I blocked trades like AHM,NCT,RAS and CFC this time around! ).
---------------------
What I'd like to know is how you who trade dipbuyers performed this year and how you got through the periods I mentioned above.
P.S. If today markets rebound from yesterday's selloff I should cover at least 30-50% of drawdown, and so far the index futures look good...so maybe YTD performance is a bit misleading...
