Friday, June 1, 2012

All systems go...

CCI moves to a buy signal. With JTrader on a buy signal as well, I've taken a large long position in TNA. I've been waiting for a move down to the 200-day and now that it's here, it's time to execute the plan. Fear is not an option.... Good luck to all.

Look for a weekend update. ;)


  1. Well said, JT. "Fear is (indeed) not an option."

    Heeding the model, with apropos Risk Mgt. is the only option, in following a Model.

    Good luck.

  2. Well I bought some shares at 43.03 to try recouping my losses from my last attempt at ETF's. We shall see how this pans out... :)

  3. The odds of an up day of substantial size is low, for Monday. I bot back the last of my stuff I sold a few days back and will be dip-buying and watching for other system buy signals to kick in on Monday. Still staying on the long side for all trades.

    Algyros, about your post the other day on people not being able to follow a system because it was "devilishly hard" and making "ad hoc decisions": it's not that polarized. There are many people, like me, who have more than one system going at a time, and/or they leave room for the occasional oh-shit (which happens once or twice a year for every system, on average). This decision to override signals with human input comes from (many) years of experience. For me, I am not one to take ALL my money and put it in JUST ONE SYSTEM -- I prefer the smoother ride given by scaling in/out. And this is especially true for systems that I do not have all the details on how they are constructed. Heck, even the creator of the J-Trader system, J himself, sidesteps signals when his intuition/experience say to over-ride the system signals. I doubt that decision he made was "ad-hoc". No one is perfect, nor is any system! So we trade accordingly. It has little to do w/the "devilish difficulty" in following a system.

  4. JKH,
    If you know what you're doing, and if you have the track record to prove it, then you're probably one of the ten percent who actually make money trading. My point was that for the majority of people, the 90%, discretionary trading will lose them money in the long term.

    Again, you sound like you know what you're doing, so, if your long-term record is better than that of the systems you use, then I applaud your choices. But most people aren't like you. And, frankly, if you don't share your other systems with the people on this blog, and I mean on a consistent basis, I don't see the use of talking about them.

    And, I agree about "black box" systems. I trust J, but in general I have an adversion to system whose innards I know little about.


    1. Alex, I agree w/you about consistency -- and thought I was pretty consistent in my blog posts.