For longer term investments, moving average systems appear to
work to keep you in major trends. I've not done any
backtesting, but Ditch's EMATS system gives every appearance of
being successful. And there's also Matt's 401K system.
Both of these, and others (such as Ditch's 54/108 daily EMA
crosses or simple 13/34 weekly EMA crosses) take the emotion out of
investing and prevent one from losing a bundle calling tops and
bottoms.
At the other end of the spectrum, trading individual stocks or
using the mechanical systems are both ways to keep yourself from
substituting hope for reality. And the new mechanical systems
certainly seem to hold a lot of promise.
I feel your pain Marketguy. I too have a few short
positions from a month an a half ago - no stops in place because I
was sure that 'devastating Wave C' was underway. Got out of
most of my shorts at the end of March when I couldn't take the heat
anymore and have just been playing stuff off the
watchlist.
One day I will make back those losses, one trade at a
time. I got schooled by the market and am 'paying
tuition'. The absolute hardest part of trading for me is
keeping the emotion out it, something I struggle with daily.
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For longer term investments, moving
Well...
Posted by algyros on 14th of Apr 2010 at 06:45 pm
For longer term investments, moving average systems appear to work to keep you in major trends. I've not done any backtesting, but Ditch's EMATS system gives every appearance of being successful. And there's also Matt's 401K system. Both of these, and others (such as Ditch's 54/108 daily EMA crosses or simple 13/34 weekly EMA crosses) take the emotion out of investing and prevent one from losing a bundle calling tops and bottoms.
At the other end of the spectrum, trading individual stocks or using the mechanical systems are both ways to keep yourself from substituting hope for reality. And the new mechanical systems certainly seem to hold a lot of promise.
Chin up, Marketguy. And good luck to you.
I feel your pain Marketguy.
Posted by pebs on 14th of Apr 2010 at 07:25 pm
I feel your pain Marketguy. I too have a few short positions from a month an a half ago - no stops in place because I was sure that 'devastating Wave C' was underway. Got out of most of my shorts at the end of March when I couldn't take the heat anymore and have just been playing stuff off the watchlist.
One day I will make back those losses, one trade at a time. I got schooled by the market and am 'paying tuition'. The absolute hardest part of trading for me is keeping the emotion out it, something I struggle with daily.