The ping-pong action continues today as both models flip right back to short TNA positions. Will get a little more aggressive here with my capital and go with a 75% TZA position on the close. Good luck to all fellow bears, and have a great weekend!
J
Enjoy your weekend, J.
ReplyDeleteThanks! So far so good.
Deletethanks
ReplyDeleteZzzzzzzzzzzzzzzzzzzz.... I think that pretty much sums up my view of this mkt....
ReplyDeleteSame here, pretty much. I'm sure it could be worse. At least we were treated to some 1% swings recently.
DeleteIt will get better... it will get better... been there, done that... it always does... just a matter of time.
DeleteJ would you consider posting instructions how the J trader system works ? To help people by giving them signals is wonderful, but to give people knowledge lasts forever. We can then track your calls and actually see the signals that you call.
ReplyDeleteIn a nutshell, it tracks intra-market relationships, price action of some ETF's, volatility, volume, sentiment, market trends, OB/OS conditions, and maybe even a few more things that I can't remember. It also has the capability to change the way it generates signals based on whether the market is healthy or unhealthy.
DeleteWhat I'd like you and everyone else to know is that it's very comprehensive and robust. And yet the output is very simple to follow....one signal at 4pm. (which I try to anticipate and transmit 10 mins prior to market closing.)
For more info, you can read this page.
http://tsptradertalk.blogspot.com/2011/06/jtradersystem4.html
It's been live since autumn 2010 and internally unaltered since Christmas 2010. Here we are in 2013 and it continues to exceed my expectations. I know markets evolve and systems fail over time, but I'm thinking the JTS is robust enough to handle ~95% of all market conditions. The other 5%...well, that's what the half-stop loss was invented for.
I urge you not to do that, J. It's your system and you deserve to keep it proprietary. Plus, on a practical side, were you to share the code that you use, people would immediately start tweaking (i.e., curve-fitting) it, to the detriment of their portfolios.
ReplyDeleteAgreed. Ultimately, I'd like the results/performance to speak for themselves. I don't see a need to open it up and tear it apart when I'm feeding the signals freely to the world. One's trust in the system will come sooner or later, as long as it continues to perform.
DeleteI agree with Algyros 100%. Never share the details behind your system!! You worked hard to develop it, plus its good enough that your sharing the results, which we appreciate it!!
ReplyDeleteThanks, Michael.
ReplyDeleteI don't agree, I want the secrets...
ReplyDelete;-)