Posted by kingpin777 on 11th of Aug 2011 at 06:41 pm
I hedged 50% of my position today with a double short etf
(canadian version, hsd.to).
If we get some weakness tomorrow i'm reasonably covered (or a
wave 5 down).
With the bounce off 1200, my loss was cut in half (i went off
the reservation and delayed entries 1 & 2) and i'm comfortable
holding for a larger bounce.
Outstanding info Matt. Another reason
New SPY system stop loss rules, etc
Posted by Robert50 on 11th of Aug 2011 at 04:03 pm
Outstanding info Matt. Another reason to stay with the trade if you were inclined to sell!
gap down tomorrow, up next
Posted by Robert50 on 11th of Aug 2011 at 04:15 pm
gap down tomorrow, up next week? Looks that way. Would be healthy as steve pointed out.
I hedged 50% of my
Posted by kingpin777 on 11th of Aug 2011 at 06:41 pm
I hedged 50% of my position today with a double short etf (canadian version, hsd.to).
If we get some weakness tomorrow i'm reasonably covered (or a wave 5 down).
With the bounce off 1200, my loss was cut in half (i went off the reservation and delayed entries 1 & 2) and i'm comfortable holding for a larger bounce.
We'll see how it plays out.
Well I'm sure we have
Posted by matt on 11th of Aug 2011 at 04:12 pm
Well I'm sure we have plenty of people members who sold on the close of the 8th who couldn't take it anymore
trade's not over yet....still a
Posted by marketguy on 11th of Aug 2011 at 05:13 pm
trade's not over yet....still a chance we undercut the lows (and god only knows what may happen then)......
Maybe, Matt, but breaking discipline
Posted by Robert50 on 11th of Aug 2011 at 04:24 pm
Maybe, Matt, but breaking discipline is counter-productive to a mechanical system, as you have pointed out. Capitulation I guess.
how about a rule that
Posted by bkout3 on 11th of Aug 2011 at 04:50 pm
how about a rule that if 70% of us can't take any more pain and bail out the system doubles down? LOL
ha ha, yeah that's good
Posted by matt on 11th of Aug 2011 at 06:45 pm
ha ha, yeah that's good one, I wish I could program our feelings into it.