DJIA futures opened down about 40. Remaining short here
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surf
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- Thread starter marketsurfer
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Illogical.
Use a system whereby every 30 minutes you toss a coin, heads you go long, tails you go short.
Then (as happened last week when we had the Bernanke Selloff), you have a long red candle on a 30 minute chart, on high volume, and your next coin toss is heads. You go long when EVERYTHING is selling off, and you say that should not be any worse than using your basic cognitive ability?
Do you even realise how ridiculous that proposition is?
You looking for a considerable market crash yet you update the readers on a hold very frequently
Up or down it's a hold you say, we get it.
Why update so frequently, what am I missing ?
Update when you cover or reverse, be efficient.
He cops a lot of flak when things are not going his way.
If he gives himself a pat on the back when things do go his way, it's no big deal.
I'd trail a stop.
I disagree. You don't know if a long 30 minute candle or whatever marks the bottom or the start of a downtrend. Lets say by flipping a coin, you enter in the wrong direction--- money management would have you quickly close the position ( you forget this part) then you would flip the coin again---or you just automatically take the opposite position--- this time the trend is your friend and catch the huge down wave holding. It's exactly the same thing as guessing if any pattern will form or not and cutting losses / letting winners run.
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