Matt, thanks for all you do; I know you carry the burden of the
trading system especially when we get that rare (slightly losing
trade) which hasn't even closed out yet. For all we know, after a
second entry it could be a huge winner!
As the market churns higher gaining maybe .3% per day, we need
to be patient knowing that when it does fall or correct, it goes
down very quickly and can wipe out three weeks of those types of
gains in 2-3 days!
I feel that the short position is a very minor hedge in this
market and a good test of emotions. We should all understand our
own emotions and knowing how to handle these feelings make us
better traders!
thanks guys, yes that is true I do tend o carry the burden on
these trades LOL
also one last comment mainly to the guy who was distraught
yesterday: Remember trading is not all or nothing and that
includes the market. If you would rather play the trending type
system and be long, then why aren't you? The daily DVT BPT MA
is still long from early Oct, and the 120 min went long that time,
got out for a few days in early Dec then got back in and is still
long. What I mean is, just because the SPY Exhaustion short
as a trade, does that mean you cannot still be long the SPX vis the
daily or the 120 min system with your higher low stop in place at
the same time? I'm still long SSO in my 401K, I'm not out of
that just because SPY exhaustion is in a short. You an maintain one
position but play the opposite trade with different instruments
ETF's i.e. you can be long SPY and long SH at the same Just because
SPY exhaustion took a trade does not mean you go fully in on
that.
Could you program it into an indicator for Tradestation? I did
not go long in October, and then it was too late. I have missed the
entire move. If I have it on my computer, I could closely follow
it.
Matt, thanks for all you
Matt, have you looked at the average time the Exhaustion ...
Posted by cozz101 on 24th of Jan 2020 at 09:00 am
Matt, thanks for all you do; I know you carry the burden of the trading system especially when we get that rare (slightly losing trade) which hasn't even closed out yet. For all we know, after a second entry it could be a huge winner!
As the market churns higher gaining maybe .3% per day, we need to be patient knowing that when it does fall or correct, it goes down very quickly and can wipe out three weeks of those types of gains in 2-3 days!
I feel that the short position is a very minor hedge in this market and a good test of emotions. We should all understand our own emotions and knowing how to handle these feelings make us better traders!
thanks guys, yes that is
Posted by matt on 24th of Jan 2020 at 09:52 am
thanks guys, yes that is true I do tend o carry the burden on these trades LOL
also one last comment mainly to the guy who was distraught yesterday: Remember trading is not all or nothing and that includes the market. If you would rather play the trending type system and be long, then why aren't you? The daily DVT BPT MA is still long from early Oct, and the 120 min went long that time, got out for a few days in early Dec then got back in and is still long. What I mean is, just because the SPY Exhaustion short as a trade, does that mean you cannot still be long the SPX vis the daily or the 120 min system with your higher low stop in place at the same time? I'm still long SSO in my 401K, I'm not out of that just because SPY exhaustion is in a short. You an maintain one position but play the opposite trade with different instruments ETF's i.e. you can be long SPY and long SH at the same Just because SPY exhaustion took a trade does not mean you go fully in on that.
Could you program it into
Posted by junkie on 24th of Jan 2020 at 11:20 am
Could you program it into an indicator for Tradestation? I did not go long in October, and then it was too late. I have missed the entire move. If I have it on my computer, I could closely follow it.
good explanation....just like you can
Posted by morton7 on 24th of Jan 2020 at 10:16 am
good explanation....just like you can be long and short different investments...shorting DIS and AMGN right now while long others...
Thanks for showing the big
Posted by retirefire on 24th of Jan 2020 at 10:14 am
Thanks for showing the big piture