Weinstein Trading and Fading

Robert, it is evident that you are struggling right now, and it may be time to reassess how and what you are trading. I suggest that you change your focus from so many stocks. Boil it down to the ones you know best, in fact, IMHO you may want to just try trading the Qs for a while. This may help your slump.



The Ever Hating To See People Suffer VIPER
 
Quote from TradeViper:

Robert, it is evident that you are struggling right now, and it may be time to reassess how and what you are trading. I suggest that you change your focus from so many stocks. Boil it down to the ones you know best, in fact, IMHO you may want to just try trading the Qs for a while. This may help your slump.



The Ever Hating To See People Suffer VIPER
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here here, would love to see you posting big profits every day Robert. All the very best to you!! (please stop fading).
 
Quote from Placebo:

here here, would love to see you posting big profits every day Robert. All the very best to you!! (please stop fading).
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We're all rooting for you Robert, but watching you consistently lose is killing us because your decisions/triggers are so wrong.

Take a second look at SNDK and you will see it was a breakout opening gapping above the previous days high and clearly breaking the downward trend line from the high set in January.

You have developed tunnel vision robert and are getting stuck on trying to predict very short term moves based on technical readings or whatever you are doing.

Just stop it. Get away from this crap you are doing.

In regards to gap openings above and below previous days high or low....

Gap ups and gap downs are the easiest trades in the book and you have it wrong. Always follow the direction of the gap and place a stop 2-4 ticks below the previous days close. If the stop is not taken out, than you know you have a winner. Ladder into the trade throughout the day if you wish. If the stops are taken out than the opening trend is not confirmed and you go the other way. The odds however are usually always in the direction of the gap move.

Use you systems and focus simple on this strategy looking for set ups. Don't rush into the trade, give it 15 -45 minutes to develop. Once you are in the trade, let it run. If you get a gift with a big move follow through than take half off keeping your stop at the entry price. Be patient. trading is like watching paint dry. It can get really boring.

This strategy alone will get you back on track.
 
Quote from yobo:

We're all rooting for you Robert, but watching you consistently lose is killing us because your decisions/triggers are so wrong.
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Yip, a lot of folks want to see you succeed Bob.

My suspicion is that the triggers are right and that is why Bob is so committed to them coming good. The success rate has been high but now more statistics are showing perhaps they are not quite so reliable.

From what I see Bob has not paid enough attention to the bigger time frame of the trigger and this has skewed his test results. My guess is a neutral or volatile market should give superior results and a trend will slowly beat Bob up.

When you have done so much work on a method and it was good for a time you are reluctant to ditch it, and I don't think he should. And I don't think it needs refinement but rather an additional qualifier. Super Strong Trends should not be counter trend traded with Bob's current set ups.
 
Like all of you I've been cringing watching Robert continue down this path. Truth is I traded very similar strategies in 07-08, and they worked great, but this style of trading DOES NOT work in this market, as witnessed by his results. The follow through just isn't there. R/R used to be great on these trades, but everything changed about midway through last year. This applies to both continuations and what I would call "momentum reversions".

All I suggest is to work on other strategies and try to adapt, or wait for some volatility to re-enter the market. I'm essentially doing both of these things while living off the gains of the past few years.
 
Quote from Dustin:

Like all of you I've been cringing watching Robert continue down this path. Truth is I traded very similar strategies in 07-08, and they worked great, but this style of trading DOES NOT work in this market, as witnessed by his results. The follow through just isn't there. R/R used to be great on these trades, but everything changed about midway through last year. This applies to both continuations and what I would call "momentum reversions".

All I suggest is to work on other strategies and try to adapt, or wait for some volatility to re-enter the market. I'm essentially doing both of these things while living off the gains of the past few years.
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very correct....what little liquidity tapered off mid last yr..and hasnt really come back since...:mad:
 
Quote from Placebo:

here here, would love to see you posting big profits every day Robert.

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be careful with what you wish.

somebody has to contribute to Robert's "big profits every day."

are u willing to donate?:D :D
 
Quote from BPtrader:

be careful with what you wish.

somebody has to contribute to Robert's "big profits every day."

are u willing to donate?:D :D
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Ha ha, looking at your posts looks like your a big contributor :p
 
Bob, I think you are too smart for your own good. Dumb it down a little. Remember you are trading against morons like me. lol You don't need an algorithm to take my money. :D
Good luck again, brother.
 
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