Unique swing trading signals and stock market commentary.
Any thoughts about today?
I was thinking about hedging today and I guess I should have. TNA has been on fire.What is the performance of your system with counter-trend trades? The last couple have been against the current flow and haven't gone so well......
Its a hold signal... sucks to be short today.
What most scares me is that counter-trend trades don't have a stop loss (by definition).
Today is a decent example of why I don't have counter trend stops. Fairly easy to get a buy signal which kills the short position naturally. And it's a better price than what we would've gotten EOD yesterday. 62.68 vs ~ 61Bummed we got hammered on the short position.