Monday, April 16, 2012

Holding shorts.

4:05pm: Hold signal was confirmed. Have a good one.

~~~~~~~~~~~~~~

If SPY closes 137.27 or higher, the system produces a cover signal. That kills the current short position on the close and sends the system to the sidelines. If we finish lower than 137.27, then we stay 100% short.

Good evening!
Posted by at

17 comments:

  1. Bob LincolnApril 16, 2012 at 4:04 PM

    um, strange day indeed

    ReplyDelete
  2. Bob LincolnApril 16, 2012 at 4:06 PM

    and thank for the update J

    ReplyDelete
  3. JamesApril 16, 2012 at 4:07 PM

    Yeah? Glad I wasn't watching. :)

    Then again, doing chores around the house all day is nothing to write home about.

    ReplyDelete
  4. JamesApril 16, 2012 at 4:09 PM

    And, my pleasure. Thanks for visiting.

    ReplyDelete
  5. AlgyrosApril 17, 2012 at 9:32 AM

    J,

    Is the stoploss rule only when going from a healthy to an unhealthy market.

    In other words, is the inverse also true: If we're short and the market flips from "unhealthy" to "healthy," is there a 50% stoploss? If not, what do you think about adding such a rule?

    Alex

    ReplyDelete
    Replies
    1. JamesApril 18, 2012 at 8:56 AM

      Alex, stops occur in both directions. We could get stopped here but only if we flip to healthy mode which could come as early as 4/19. No sooner. Thx.

      Delete
  6. RealMoneyIssuesApril 17, 2012 at 9:34 AM

    I think I brought my jinx to J's system... dang...

    ReplyDelete
  7. RealMoneyIssuesApril 17, 2012 at 11:09 AM

    Any chance of saving this trade?

    ReplyDelete
  8. David JohnsonApril 17, 2012 at 1:18 PM

    i think this meticulously studious and supremely articulated system is proving what we knew all along: the market is unpredictable. I'm sorry for those who've committed their real money and lost it.

    ReplyDelete
  9. jaws57April 17, 2012 at 1:45 PM

    I got stopped out. I use several different trading systems so this loss is muted. Trading your whole account or even half is risky and most likely stressful. Use stops, "live to trade another day" is what I keep hearing over and over.

    ReplyDelete
    Replies
    1. RealMoneyIssuesApril 17, 2012 at 3:47 PM

      I tried using multiple systems... didn't work...
      J's was, so now I am doing one system.

      Glad yours is working for you...

      Delete
  10. AlgyrosApril 17, 2012 at 1:45 PM

    FWIW, there's some pretty pronouced MACD divergence on the 5 minute SPX chart, so we should see a retreat some time soon.

    ReplyDelete
  11. AlgyrosApril 17, 2012 at 1:56 PM

    Jaws57, I agree that trading several different ways, that is, diversifying your portfolio is prudent. I also agree that putting all your eggs in J's system, or any other, is risky.

    However, when you say you got stopped out, that means to me that you're not trading J's system; you're using it as one input in your discretionary trading.

    ReplyDelete
    Replies
    1. JamesApril 18, 2012 at 8:59 AM

      Agreed. My system has not been stopped out yet. Its still a bit premature to give up on this short trade.

      Delete
    2. jaws57April 18, 2012 at 10:30 AM

      You're right I am not using J's system fully, call it J-Trader-Lite. I always use stops. This both saves me and hurts me by missing some good trades. But after learning the hard way, this is what I do. I will have to look at the drawdowns again maybe my stop is too tight.

      Delete
  12. samirApril 17, 2012 at 3:43 PM

    This comment has been removed by the author.

    ReplyDelete

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