Posted by keithbob on 13th of Jul 2011 at 12:18 pm
thanks for the down and dirty analysis! :-)
I exited at the top of this trade which is a completely wrong
move when you are trading a system.. but... I netted a 13% profit
on the trade. Which means I'll be tempted again, no doubt and
will probably get burned. :-)
Posted by burkmere on 13th of Jul 2011 at 12:29 pm
I actually got out Friday at the double top in the ndx...yes,
ndx..but had been scaling back in because the trade wasn't
completed yet...and I figured it would exit higher at some
point....
If only I'd have held on this morning, eh? ..lol...
But, it's a system...and either follow it or suffer or reap the
consequences of not following it!! Right?
The trade netted almost a 4% return in less than a month even
though it was 3% higher on the close on Friday. Still, that's
a 48% annualized return! We have to keep things in
perspective. It's human nature to always want more, more,
more!!
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thanks
SPY System Results since April 11th vs. the "market"
Posted by keithbob on 13th of Jul 2011 at 12:18 pm
thanks for the down and dirty analysis! :-)
I exited at the top of this trade which is a completely wrong move when you are trading a system.. but... I netted a 13% profit on the trade. Which means I'll be tempted again, no doubt and will probably get burned. :-)
In the interest of full disclosure...
Posted by burkmere on 13th of Jul 2011 at 12:29 pm
I actually got out Friday at the double top in the ndx...yes, ndx..but had been scaling back in because the trade wasn't completed yet...and I figured it would exit higher at some point....
If only I'd have held on this morning, eh? ..lol...
But, it's a system...and either follow it or suffer or reap the consequences of not following it!! Right?
The trade netted almost a 4% return in less than a month even though it was 3% higher on the close on Friday. Still, that's a 48% annualized return! We have to keep things in perspective. It's human nature to always want more, more, more!!