Wednesday, March 7, 2012

Hold signal.

The system is expecting more upside in the short term and is not ready to bail out of this long trade yet. As I mentioned in the comments section, a similar size up-move tomorrow will likely produce a short signal. We'll see how it goes. Have a good one.

7 comments:

  1. 3/8 1141am ET: We are on track for a short signal provided we don't have a weak finish...

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  2. J,

    Really appreciate the early posts here lately. muchas gracias!

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  3. Hey J, I remember you saying that "it was the first time in a while that the 50% add actually improved the price"--

    I don't know how performance would change if you made a rule ONLY add if the price is LOWER than your original entry

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  4. The problem with that idea, Justin, is that you'll be investing 50% of your allotted capital most of the time. That will certainly result in lower profits.

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  5. Yep, that's what I've been doing this whole time up until a few days ago. You can continue to do that to keep risk levels lower, but I'm interested in more risk, more reward. :)

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