I'm sorry that I did not update that one last night on the
watchlist with comments for a stop, I updated the rest but I guess
I missed that one.
Otherwise I would be out of it by now, it was counter trend and
produced a 6% move in this market that is horrid, if I was still
holding it I would have been stopped out today at the latest.
Widest stop I would have given it would have been the MA's, but
that's when the market is holding up, or had moved to entry after
the first move, or have taken profits and been out, really depends
on you.
Posted by falcon5678 on 4th of Jun 2012 at 01:18 pm
It's true, respecting the underlying trend in the market is more
important than ever since correlation levels are the highest in 80
years. I don't know how long/short funds make money
anymore...
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I'm sorry that I did
Matt/Steve, where would our stop be on the MMR?
Posted by matt on 1st of Jun 2012 at 03:53 pm
I'm sorry that I did not update that one last night on the watchlist with comments for a stop, I updated the rest but I guess I missed that one.
Otherwise I would be out of it by now, it was counter trend and produced a 6% move in this market that is horrid, if I was still holding it I would have been stopped out today at the latest. Widest stop I would have given it would have been the MA's, but that's when the market is holding up, or had moved to entry after the first move, or have taken profits and been out, really depends on you.
to me the chart looks broken
Also most of our comments
Posted by matt on 1st of Jun 2012 at 04:19 pm
Also most of our comments in newsletters have been that longs were short term or day trades. Remember counter trend
Hopefully you entered a lot of the short ideas as any long was counter trend or day trade unless it was an inverse ETF
It's true, respecting the underlying
Posted by falcon5678 on 4th of Jun 2012 at 01:18 pm
It's true, respecting the underlying trend in the market is more important than ever since correlation levels are the highest in 80 years. I don't know how long/short funds make money anymore...