I Got this one wrong guys.....

systematictrader said:
Macd is derived from moving averages hence its name Moving Average Cross ........ assuming same lengths are used,, main difference is macd tends to be ahead and more active but that same advantage can be a disadvantage when the market is trending heavily such as upwards gave bunch of signals that were failed signals,, but macd being a momentum/trend following indictor is one of the few that wont keep you wrong for too long,,, its useless if max or whoever uses it doesn't use it systematically in the sense of either in all the time long/short or not in at all or at least uses one sides of its signal and never overrides it,, for your second point yes thats available but once again if the person didnt use it from before those statistics are useless, in matter fact you can get those results mostly visually,, the thing gives no more than 20 signz in the whole year so visually u get a clear idea of its performance,,, daily chart S&P 500
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No chart and no stats from you...thanks anyway.

wrbtrader
 
systematictrader said:
Dont get emotional over a typo :) point is its a hybrid version of moving averages crosses
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lovethetrade said:
The biggest lesson is when you get a strong reversal signal, take the loss and move into the trade in the opposite direction. You will cover your loss, make a profit and then be ready for the next short.

It's a much better situation to be in than holding on to a losing trade and waiting for it to come back down. This is such a common scenario that it's worth spending time on it so it becomes 2nd nature.
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Double up in the correct direction after taking the loss and the monies lost are back in short order in the account and soon in a handsome profit.

If a trader is gonna average down like I do then it is imperative that he knows exactly where he will jettison his position for a loss. He must identify where his original premise is likely wrong. And if the market take price there he must exit.
 
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Max E. said:
No other way to describe it. :(

I fucked up.... I am willing to admit it.... I really blew it here...

I thought there was NO CHANCE the market could go up and i was wrong.... dead wrong.... to the tune of a quarter million bucks.... bad call on my part, but I'm willing to admit my mistake. Good Luck!!!!
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My trading friend once told me one trade does not define your career - he meant winning - I think this applies to losing - do not make this one error define who you are in trading - best trades going forward
 
dozu888 said:
I have explained everything, in detail, play by play, thru the past couple of months.

losing money is painful.... but losing money due to stupidity and without learning a lesson, that is the worst and may very well be the end of your career in stocks.

do yourself a favor... study.
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Do yourself a favor....do not take advice Dozu888.
 
systematictrader said:
u really dont have a chart with macd on it??
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The issue is that you stated the following...

You need to add MACD on your daily chart can save u from a lot of trouble
Specially with breakouts and flags/pennants which are too common these days with no clear indication on continuation
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To be able to make that statement, you then must have statistical information, backtest results, example trades or anything in that specific situation as Max to be able to state such.

I'm just trying to get you to post the info to support your statement about MACD would have saved him a lot of trouble.

The fact that you seem to have no info (not even a chart example of that particular situation nor statistical data that Max trade involved...I will no longer bother you about this further...carry on.

wrbtrader
 
wrbtrader said:
The issue is that you stated the following...



To be able to make that statement, you then must have statistical information, backtest results, example trades or anything in that specific situation as Max to be able to state such.

I'm just trying to get you to post the info to support your statement about MACD would have saved him a lot of trouble.

The fact that you seem to have no info (not even a chart example of that particular situation nor statistical data that Max trade involved...I will no longer bother you about this further...carry on.

wrbtrader
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not sure if you misunderstood what i meant in the first place

perhaps its an understanding barrier, MACD, on daily chart, there buy on sell signal, sell on sell signal, there is less than 25 trades in the whole year, dont be lazy, any one can pull up this chart,,
 
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