The system is expecting more upside in the short term and is not ready to bail out of this long trade yet. As I mentioned in the comments section, a similar size up-move tomorrow will likely produce a short signal. We'll see how it goes. Have a good one.
3/8 1141am ET: We are on track for a short signal provided we don't have a weak finish...
ReplyDeleteJ,
ReplyDeleteReally appreciate the early posts here lately. muchas gracias!
thanks
ReplyDeleteHey J, I remember you saying that "it was the first time in a while that the 50% add actually improved the price"--
ReplyDeleteI don't know how performance would change if you made a rule ONLY add if the price is LOWER than your original entry
The problem with that idea, Justin, is that you'll be investing 50% of your allotted capital most of the time. That will certainly result in lower profits.
ReplyDeleteYep, that's what I've been doing this whole time up until a few days ago. You can continue to do that to keep risk levels lower, but I'm interested in more risk, more reward. :)
ReplyDelete