our system is still remaining short here in the DJIA despite the adverse excursion this morning. short oil, short dow here. closed euro trade at a loss.
surfer
surfer
The Surf Report
- Thread starter marketsurfer
- Start date
- Status
what are you seeing that would allow you to let this dow short go against you?
my studies indicate that the high is in in the DJIA. i am giving this one till 10605 before i bail.
surfer
The price of conviction.
Back in the good old days, I knew a guy who used a system that caught upmoves like this.....
Back in the good old days, I knew a guy who used a system that caught upmoves like this.....
Quote from marketsurfer:
my studies indicate that the high is in in the DJIA. i am giving this one till 10605 before i bail.
surfer
ok, your point is taken.
short DJIA. confidence reigns here. will take loss @ 10605
surfer
surfer
Deep red & 11 points from your stop but your supremely confident??
our stops were approached today in the DJIA. my research is still indicating that the top is in in the DOW. our mechanical system, ofcourse, would have closed the trade near breakeven when price went back up into the channel--however,other research is still clearly indicating that the top is in, hence i circumvented the system this time. it is important to note, that even though the trade is negative right now, our risk management program has not been violated. risk tolerance is based directly on the size of the trade, it is impossible for any one trade to push the accounts into the danger zone regardless of what occurs. with this in mind, taking outside risks like this trade, still fit into the entire scheme of the trading operation. hope this makes sense.
surferrrrrr
surferrrrrr
Why does it have to make sense?
The bottom line is your own portfolio size, whatever your bottom line is.
Only you can truly answer the question if you are on course with your own trading goals.
The bottom line is your own portfolio size, whatever your bottom line is.
Only you can truly answer the question if you are on course with your own trading goals.
Quote from marketsurfer:
our stops were approached today in the DJIA. my research is still indicating that the top is in in the DOW. our mechanical system, ofcourse, would have closed the trade near breakeven when price went back up into the channel--however,other research is still clearly indicating that the top is in, hence i circumvented the system this time. it is important to note, that even though the trade is negative right now, our risk management program has not been violated. risk tolerance is based directly on the size of the trade, it is impossible for any one trade to push the accounts into the danger zone regardless of what occurs. with this in mind, taking outside risks like this trade, still fit into the entire scheme of the trading operation. hope this makes sense.
surferrrrrr
Lose the "reasearch" and go back to basics surf.
Become a simple trader again, find yourself.
You are lost, and listening to the wrong people.
Seriously, think deeply on this. More is not always more.
Become a simple trader again, find yourself.
You are lost, and listening to the wrong people.
Seriously, think deeply on this. More is not always more.
- Status