the point of my post

    Some Short Ideas Updated

    Posted by matt on 17th of May 2012 at 02:43 pm

    the point of my post is to just make sure you don't bet the farm thinking that the next GDX Renko system long will be a huge winner, when in fact odds favor that it won't be.  

    Also I know how new members tend to think, they take one trade of a system like the GDX Renko system and then say, "ahh the system sucks, it doesn't work if that trade happens to be a minor winner or whipsaw", nope, you cannot think about the system in that way off one trade, and you need to understand the dynamics of how it works and the odds of the trades. 

    and again you don't have to strictly adhere to the rules, you can take profits early at times when you think trades have a whipsaw probability.  

    I will expand upon this in the near future and I'm also adding some additional rules/guidelines such as looking at RSI and other things.  

    on the short term

    ANYONE KNOW THE OPPOSITE OF TVIX?

    Posted by harveykoss on 17th of May 2012 at 02:48 pm

    be extremely cautious trading those

    Posted by matt on 17th of May 2012 at 02:49 pm

    be extremely cautious trading those VIX ETF's, I've seen people get blown up with those, too volatile 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!