Friday, April 13, 2012

Hold signal confirmed.

For much of the day, my system was trying to generate a "cover" signal to exit the short position. Since 3pm, this has not been the case. We are going to get a hold signal with the system expecting further downside next week. So, I will be living dangerously holding my 100% short position over the weekend. Have a happy one!

15 comments:

  1. I suppose we all are ;-)

    Thanks and have a great week-end J!!

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    1. Also glad because I can't get into USAA:
      "We are experiencing technical difficulties. Please try again later, or for immediate assistance call us at ..."

      Figures...

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  2. Thanks, guys. Best of luck to us...

    Question for all: Is the twitter feed on this page showing up for anyone? (upper left corner) Mine is blank...

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    1. It doesn't work at work because of a remote scripting security error... Oh, well.

      I just refresh your page a lot because I don't get tweets at work either...

      ;-)

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  3. The Twitter feed is fine for me. Have a good weekend, J.

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  4. Thanks, it's working again for me also. It was broken the past 24 hours.

    RMI, that's a bummer. Sounds like you'd be a perfect candidate to trade AH... following work.

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  5. Now we are headed in the right direction

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    1. We'll see, there is a lot of bullishness still out there...

      Still red, but not as red and there is more hope for more downside... we'll see what happens. Unless volume picks up, we may be floating up the rest of the day.
      We need a serious catalyst for more downside as there are a ton of "buy the dip"-ers out there...

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  6. better luck to you in the near future RMI. I know you've had some bad timing over the last couple months. here's to sticking with your guns.

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    1. Thanks! I just thought I could second guess the market and use multiple systems to get better points of entry and exit... (See OCD)

      Didn't work, so I will continue to track and see if I just need to "adjust" things.

      Will follow J on short term high return trades and be much more conservative and follow longer trend systems for my TSP.

      ;)

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  7. My suggestion, RMI, is to just follow J. Do nothing else. Don't worry about high return, low return, nothing. Don't overthink. In fact, don't think at all. Just take all his trades.

    And if you can't take all his trades because of the settlement period, then trade half of your account at a time.

    It's your money, but I've been there, and the temptation to "adjust things" is a ticket to insolvency.

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    1. Not working so well so far... I think I am jinxing his system...

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  8. You may have a point, RMI. What if I retract my advice about "adjusting things?"

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    1. Well, as of today, I have officially lost 50% of my IRA and all of my trading account.

      NOT J'S FAULT !!!

      I did much better last year, but apparently the bulls aren't giving up...

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