That's how system trades are. One big trap that people fall
into is that they lose on a couple system trades in a row, then
turn it off, then as fate works the next system trade is a big
winner but they miss it because they didn't do the trade, then they
turn it back on and it's a losing trade, then they turn it off and
of course miss the next winning trade again etc etc - emotional
roller coaster
Also when you see a couple whipsaws in a system, as long as the
system is still fine, that is actually useful information because
it tells you that it's due for a trend trade. The GDX system
had two whipsaws, so it was due for a trending trade
GDX
Illinois dummies
Posted by Palladin on 14th of Jan 2011 at 03:18 pm
don't get me started on that. The GDX system screwed me twice but of course decides to work when I bail out of my shorts!
not complaining, I know that's how mech systems work but it could have cooperated the first time I tried it!
That's how system trades are.
Posted by matt on 14th of Jan 2011 at 03:33 pm
That's how system trades are. One big trap that people fall into is that they lose on a couple system trades in a row, then turn it off, then as fate works the next system trade is a big winner but they miss it because they didn't do the trade, then they turn it back on and it's a losing trade, then they turn it off and of course miss the next winning trade again etc etc - emotional roller coaster
Also when you see a couple whipsaws in a system, as long as the system is still fine, that is actually useful information because it tells you that it's due for a trend trade. The GDX system had two whipsaws, so it was due for a trending trade
emotional? who are you calling
Posted by Palladin on 14th of Jan 2011 at 03:49 pm
emotional? who are you calling emotional!...
good points. no worries as I got out at my sweet spot but should have given the system the benfit of the doubt