The ACD Method

anybody make money this morning? i sold a losing position and bought some XIV. also, legged into a put spread. the Spy Aug 28 170s were trading $3!!!! so i had to get me some of that.

wish i could have done more, but just didn't have the time before the big rally.
 
could be used as a good argument against using stop limit orders
I never use stop limits to exit...I've been around too long and have seen what can happen. BTW, I just finished going through the entire thread and started reading Fisher's book. I hope to contribute in the future. Thanks Mav (and other contributors, but mostly Mav) for the best thread on ET.
 
Max, STPP has 1/3rd the volatility of SPY with 3 times the return. Or put a different way, for each unit of risk in terms of SPY, it earns 9 times the return of the SPY. In fact, the volatility of his own currency has been more volatile then both STPP and SPY. But I know most of the public doesn't understand this. BTW, there are some decent long/short type mutual funds out there that do a decent job navigating the few corrections we do have.


Just wanted to bring this back up since I randomly posted about it earlier.
 
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