No there's not a stop on this particular trade type, max draw
down on the trade type is about 6% so one could place a
catastrophic stop based on that.
if you are that nervous just sell it, this is basically where it
entered last Friday, minus 10 cents, so you can basically get out
now about flat minus lunch or dinner
guys regarding AAPL or any of these RVM systems. Unless
you bought on Friday you shouldn't even be in the trade.
Again I think only a few of you probably bought on Friday
because you were notified end of day and it was Friday. AAPL
gapped up on Monday, I hope no one chased and bought the higher
prices. I didn't buy AAPL on Friday as I said the other day and so
I didn't buy it on Mon or Tues etc when it was much higher than the
system entry price from Fri.
With the systems, the trades need to be bought at or near the
signal price, or better. Never ever chase. Had AAPL gone way
up this week so be it, I would have let it go. With the
reversion to mean trades you should never chase - so hopefully no
one chased the gap up on Monday. If I miss a trade I miss it
and don't worry about, move on. That's why I made the comment
earlier about if you are nervous why don't you sell because
assuming you bought on Friday AAPL was trading about 11 cents below
Friday's entry, which is peanuts you can get out now for such a
minor loss commissions really. But if you didn't buy on
Friday and you chased it buying Monday's $2 gap up or Wed morning
prices that were even higher, then you would be down 2 - 3 now,
which should never be the case. Again the point of this
message is never chase - if you miss a system trade and it moves
too much, pass on it, don't chase it. Clearly there's some
wiggle room, if system trade is at 240 and it's trading 240.2 then
fine, but it's it's too far above the system entry do not chase,
because it puts you in a risk/reward disadvantage
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AAPL
Posted by tsurplus on 14th of Sep 2017 at 03:13 pm
Is there a stop for the AAPL system trade ?
No there's not a stop
Posted by matt on 14th of Sep 2017 at 03:16 pm
No there's not a stop on this particular trade type, max draw down on the trade type is about 6% so one could place a catastrophic stop based on that.
if you are that nervous just sell it, this is basically where it entered last Friday, minus 10 cents, so you can basically get out now about flat minus lunch or dinner
guys regarding AAPL or any
Posted by matt on 14th of Sep 2017 at 03:57 pm
guys regarding AAPL or any of these RVM systems. Unless you bought on Friday you shouldn't even be in the trade. Again I think only a few of you probably bought on Friday because you were notified end of day and it was Friday. AAPL gapped up on Monday, I hope no one chased and bought the higher prices. I didn't buy AAPL on Friday as I said the other day and so I didn't buy it on Mon or Tues etc when it was much higher than the system entry price from Fri.
With the systems, the trades need to be bought at or near the signal price, or better. Never ever chase. Had AAPL gone way up this week so be it, I would have let it go. With the reversion to mean trades you should never chase - so hopefully no one chased the gap up on Monday. If I miss a trade I miss it and don't worry about, move on. That's why I made the comment earlier about if you are nervous why don't you sell because assuming you bought on Friday AAPL was trading about 11 cents below Friday's entry, which is peanuts you can get out now for such a minor loss commissions really. But if you didn't buy on Friday and you chased it buying Monday's $2 gap up or Wed morning prices that were even higher, then you would be down 2 - 3 now, which should never be the case. Again the point of this message is never chase - if you miss a system trade and it moves too much, pass on it, don't chase it. Clearly there's some wiggle room, if system trade is at 240 and it's trading 240.2 then fine, but it's it's too far above the system entry do not chase, because it puts you in a risk/reward disadvantage