first off Kuddos to the Strap for exiting yesterday, the QQQ
bear long exiting this morning, and for the bear long we manually
exited 1/2 yesterday because it had achieved the reversion to mean.
This is a good example of that momo indicator - back in July that
indicator helped hold the trades for 5 weeks. However this time it
was a negative as it prevented it from closing yesterday.
Because that can happen is why my practice is to always sell 1/2
once the reversion to mean is achieved even if the system decides
to hold because you never know.
That said where I F'd up is that usually in the past I would not
only sell 1/2 but then set a stop at entry - which would have had
had the remaining stopped out at the entry. Now price is below
entry and of course it's exiting at the close
System stuff
Posted by matt on 26th of Aug 2022 at 03:15 pm
first off Kuddos to the Strap for exiting yesterday, the QQQ bear long exiting this morning, and for the bear long we manually exited 1/2 yesterday because it had achieved the reversion to mean. This is a good example of that momo indicator - back in July that indicator helped hold the trades for 5 weeks. However this time it was a negative as it prevented it from closing yesterday.
Because that can happen is why my practice is to always sell 1/2 once the reversion to mean is achieved even if the system decides to hold because you never know.
That said where I F'd up is that usually in the past I would not only sell 1/2 but then set a stop at entry - which would have had had the remaining stopped out at the entry. Now price is below entry and of course it's exiting at the close
Pipe leaks will do that,
Posted by retirefire on 26th of Aug 2022 at 03:17 pm
Pipe leaks will do that, hope all is fixed
yes so many distractions -
Posted by matt on 26th of Aug 2022 at 03:26 pm
yes so many distractions - this house is the 'water house' somehow I pissed off a water god - I need to get a statue of Neptune and pray to him
Matt - did you ever
Posted by dragonfly28 on 26th of Aug 2022 at 03:43 pm
Matt - did you ever contemplate an indoor in-ground pool?