Sometimes RTM just does not work for me

[shortie]

gave back a month worth of gains today. it is all part of the game i suppose...

back to work tomorrow

 

[Mike805]

Find a way to hedge with futures when these large vola days happen.

Tommorrow might be a nice RTM day... one never knows though.

 

[empee]

hmm.. with a name like "shortie" how did you lose money on a -35 ES day?

 

[DarthSidious]

Quote from empee:hmm.. with a name like "shortie" how did you lose money on a -35 ES day?

LOL what he said

 

[shortie]

Quote from Mike805:

Find a way to hedge with futures when these large vola days happen.

Tommorrow might be a nice RTM day... one never knows though.

have not found a good way to hedge that would consistently work for me. maybe some day...
i suspect that all my previous attempts at hedging just cut into my profits. so in my hands: hedging = smoother equity curve, but less profit. i try not to hedge too much and get a kick in the face on days like today.

at least i exited everything according to my rules instead of carrying an overleveraged position overnight hoping for a rebound. it feels shitty losing, but feels good that i stuck to the rules. i won't be upset if tomorrow we gap up, sticking to the plan was the right thing to do.

so you guys think i should change my handle? how about big_swinging_dick?

 

[shortie]

got 1/3 back. had to swing big. incredible market.

 

[saliva]

RTM works best in a tightly rangebound market. We are technically in a trending market now.