If you want to deviate from the system in order to make the
system better match your personal risk/reward profile and investing
goals I say go for it. I would encourage you to somewhat soul
search and make sure your ready to close out a trade that then may
really run in our favor and realize you won't be in etc. but if you
are ok with all that then go for it. Especially if you find
yourself hesitant to get into positions the way the system does by
Shorting strength and Buying weakness, you could use the trigger to
help give you conviction but deviate on the exits.
Again, you can trade the system anyway you see fit but I just
encourage members to really be honest with themselves if they are
ready to be on their own or if maybe in there case it is better to
just follow the trades. The last thing you would want to do,
IMHO, is get out and back in and out etc. and find yourself losing
on a trade when the system wins.
Posted by fishbait on 27th of Sep 2011 at 01:51 pm
Why would anyone want to tinker with a system that traded good
for 15 years? The great thing about a mechanical system that works,
is that there is no emotion or stress. Check the past results and
notice that the system does give up some profits at times. This is
normal of any system. So relax and know that in the end it will be
alright. Thanks to the developers for sticking with the rules and
not changing them. It is the only way to go.
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What a Bummer
It looks as thought the SPY could close out it's ...
Posted by rharvey on 27th of Sep 2011 at 11:07 am
Trading this system is hard work. Watching good profits slip through your fingers is tough.
Next time i've got a 5% winner i'll take my profits and look to re-enter if i can.
If you want to deviate
Posted by tom on 27th of Sep 2011 at 12:10 pm
If you want to deviate from the system in order to make the system better match your personal risk/reward profile and investing goals I say go for it. I would encourage you to somewhat soul search and make sure your ready to close out a trade that then may really run in our favor and realize you won't be in etc. but if you are ok with all that then go for it. Especially if you find yourself hesitant to get into positions the way the system does by Shorting strength and Buying weakness, you could use the trigger to help give you conviction but deviate on the exits.
Again, you can trade the system anyway you see fit but I just encourage members to really be honest with themselves if they are ready to be on their own or if maybe in there case it is better to just follow the trades. The last thing you would want to do, IMHO, is get out and back in and out etc. and find yourself losing on a trade when the system wins.
tinker tinker tinker
Posted by fishbait on 27th of Sep 2011 at 01:51 pm
Why would anyone want to tinker with a system that traded good for 15 years? The great thing about a mechanical system that works, is that there is no emotion or stress. Check the past results and notice that the system does give up some profits at times. This is normal of any system. So relax and know that in the end it will be alright. Thanks to the developers for sticking with the rules and not changing them. It is the only way to go.