It's nice just to be in the SPY trade during this big drop, and
not have to worry about whether to go to cash, go long or short a
bounce etc. For a guy like me, the drop has been pretty easy
to stomach as I have only the SPY trade on, and it'll either be a
winner or a loser, and the likelihood of getting crushed is low, as
I scaled in w/ the Multi entry system.
Well, starting to wonder how "nice" it is now! Just
sitting back and waiting, not too happy about the actual numbers,
but still have faith in the system and in the likelihood of a
bounce.
Well, I just looked at the futures and I'm getting emotional.
Can't help it, evolution has made my nervous system respond
that way to impending disaster.
looks like we might need one - has this ever happened before in
all the backtesting? meaning, all you stats freaks out there, what
was the largest drop down from a 4th entry? Mattt says above 10.04%
- not sure exactly what it means, total drawdown of all entries
using thr 40/20/20/20 rule - I am asking about the largest drop
from the 4th entry? new record tomorrow? how long did it take to
turn around and become a profit - apparently, they all did, but
there's always a first time...? does anyone like the idea of
increasing leverage with 2,3,4 entries any more e.g. 1=SPY,
2=SSO,3=UPRO, 4=options anymore or perhaps it should be the other
way around?
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It's nice just to be
Posted by frtaylor on 7th of Aug 2011 at 08:00 pm
It's nice just to be in the SPY trade during this big drop, and not have to worry about whether to go to cash, go long or short a bounce etc. For a guy like me, the drop has been pretty easy to stomach as I have only the SPY trade on, and it'll either be a winner or a loser, and the likelihood of getting crushed is low, as I scaled in w/ the Multi entry system.
Well, starting to wonder how
Posted by frtaylor on 8th of Aug 2011 at 01:34 pm
Well, starting to wonder how "nice" it is now! Just sitting back and waiting, not too happy about the actual numbers, but still have faith in the system and in the likelihood of a bounce.
point taken, but not sure I'd
Posted by marketguy on 7th of Aug 2011 at 09:09 pm
point taken, but not sure I'd say " It's nice just to be in the SPY trade during this big drop"
Yeah, it sounds like you're
Posted by algyros on 7th of Aug 2011 at 10:12 pm
Yeah, it sounds like you're grateful for losing less money than you might have.
sounds to me rtaylor is
Posted by Michael on 7th of Aug 2011 at 10:24 pm
sounds to me rtaylor is saying its nice to be in a trade and not be emotional about it. that sounds right to me. Nice post.
Well, I just looked at
Posted by algyros on 8th of Aug 2011 at 12:36 am
Well, I just looked at the futures and I'm getting emotional. Can't help it, evolution has made my nervous system respond that way to impending disaster.
lol Algyros....
Posted by marketguy on 8th of Aug 2011 at 08:38 am
lol Algyros....
LOL yes looking at those futures right now will make you feel like that
Posted by mrab on 8th of Aug 2011 at 01:09 am
we will see if anything changes by tomorrow in the AM, but it looks like it will be a very ugly open tomorrow.
can we get a 5th entry (and 6th, ...)?
Posted by pdani on 8th of Aug 2011 at 01:50 am
looks like we might need one - has this ever happened before in all the backtesting? meaning, all you stats freaks out there, what was the largest drop down from a 4th entry? Mattt says above 10.04% - not sure exactly what it means, total drawdown of all entries using thr 40/20/20/20 rule - I am asking about the largest drop from the 4th entry? new record tomorrow? how long did it take to turn around and become a profit - apparently, they all did, but there's always a first time...? does anyone like the idea of increasing leverage with 2,3,4 entries any more e.g. 1=SPY, 2=SSO,3=UPRO, 4=options anymore or perhaps it should be the other way around?