Last trade we had roughly a 2% gain when the market turned and
finally when the SPY exited we were slightly lower. I
received a few messages, of varying degree, lamenting the
trade. Your almost getting a do over here. If you one
of those people who were overly frustrated when the trade went
against us then you might want to step and ask yourself "what if it
happened again".
You may want to consider locking in some gains. You will
have to decide if you want to or how much etc. but its always an
option. The system is a grouping of hypothetical trades but
you can always deviate anyway you see fit and in the case of
partial exits your just locking in some gains and can follow the
system for the rest etc.
Please don't take this as a loss in confidence or that I am
saying we are going lower etc. Just something I wanted to
note after the responses from the last trade. Hope it helps
and feel free to share your thoughts!
Well, I posted that my comments were my thoughts and not an
official alert but since then we have retraced from today's highs
and I am just noting that there IS a potential for a sell signal to
be initiated today. As with all longs this would be for a
sale on Monday and I will follow-up with an official alert later if
the condition persists.
Also an interesting fact. This would be the third straight
trade where we received the sell signal on a Friday and closed the
trade Monday morning.
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Thoughts on current trade
Posted by tom on 2nd of Nov 2012 at 09:44 am
***This is NOT a Trade alert***
Last trade we had roughly a 2% gain when the market turned and finally when the SPY exited we were slightly lower. I received a few messages, of varying degree, lamenting the trade. Your almost getting a do over here. If you one of those people who were overly frustrated when the trade went against us then you might want to step and ask yourself "what if it happened again".
You may want to consider locking in some gains. You will have to decide if you want to or how much etc. but its always an option. The system is a grouping of hypothetical trades but you can always deviate anyway you see fit and in the case of partial exits your just locking in some gains and can follow the system for the rest etc.
Please don't take this as a loss in confidence or that I am saying we are going lower etc. Just something I wanted to note after the responses from the last trade. Hope it helps and feel free to share your thoughts!
Well, I posted that my
Posted by tom on 2nd of Nov 2012 at 11:36 am
Well, I posted that my comments were my thoughts and not an official alert but since then we have retraced from today's highs and I am just noting that there IS a potential for a sell signal to be initiated today. As with all longs this would be for a sale on Monday and I will follow-up with an official alert later if the condition persists.
Also an interesting fact. This would be the third straight trade where we received the sell signal on a Friday and closed the trade Monday morning.