a lot of times you don't have one movement up or down on OPEX
days, often you have a move in one direction in the morning and
another one in the afternoon
otherwise cleary the trend is down and it's a Friday before a
weekend where shit can happen, so not sure how many want to risk
going home long on the weekend
again as I discussed yesterday - in the future, whenever the
mean reversion move occurs for one of the systems and if the system
decides to hold the trade longer than that based on a trend/hold
condition, I'm going to be issuing sell 1/2 orders just to be safe
and lock in some gains for times like this when that trend hold may
give up the profits if the market sells off instead. That doesn't
help anyone now, but I always have to look forward what we can do
better in the future and learn/adapt from experiences
The systems are getting close to stopping out. Again, if it's
the leading diagonal then I'd expect prices to go go much lower
taking out the recent lows by quite a bit. they are close to
stopping out, or if you can't handle any more heat and want to
reduce or stop out on your own, that's your choice.
and that's why I have a love/hate relationship with these
systems - because I hate seeing you guys go through tough trades.
and if someone happens to be brand new, a bad trade may cause them
to unfairly judge the website or the systems
we didn't do the 3rd entry higher low, I never emailed it out
and didn't add to the list.
Also - remember the mean reversion move occurred BEFOR that 3rd
entry higher low, so we would have sold 1/2 prior to that. We might
enter the 3rd position, but we would have already previously
reduceed size anyway
Remember today is OPEX
Posted by matt on 20th of Oct 2023 at 10:18 am
a lot of times you don't have one movement up or down on OPEX days, often you have a move in one direction in the morning and another one in the afternoon
otherwise cleary the trend is down and it's a Friday before a weekend where shit can happen, so not sure how many want to risk going home long on the weekend
Sure hope this is a
Posted by patellee on 20th of Oct 2023 at 10:32 am
Sure hope this is a capitulation down and open nonsense. I’m holding 3 entries on the RSI oversold into the weekend unless we are stopped out.
again as I discussed yesterday
Posted by matt on 20th of Oct 2023 at 10:41 am
again as I discussed yesterday - in the future, whenever the mean reversion move occurs for one of the systems and if the system decides to hold the trade longer than that based on a trend/hold condition, I'm going to be issuing sell 1/2 orders just to be safe and lock in some gains for times like this when that trend hold may give up the profits if the market sells off instead. That doesn't help anyone now, but I always have to look forward what we can do better in the future and learn/adapt from experiences
The systems are getting close to stopping out. Again, if it's the leading diagonal then I'd expect prices to go go much lower taking out the recent lows by quite a bit. they are close to stopping out, or if you can't handle any more heat and want to reduce or stop out on your own, that's your choice.
and that's why I have a love/hate relationship with these systems - because I hate seeing you guys go through tough trades. and if someone happens to be brand new, a bad trade may cause them to unfairly judge the website or the systems
Matt - but if you
Posted by mastermind on 20th of Oct 2023 at 11:21 am
Matt - but if you took half off, then what happens when a third entry hits? Your back in again, right?
we didn't do the 3rd
Posted by matt on 20th of Oct 2023 at 11:23 am
we didn't do the 3rd entry higher low, I never emailed it out and didn't add to the list.
Also - remember the mean reversion move occurred BEFOR that 3rd entry higher low, so we would have sold 1/2 prior to that. We might enter the 3rd position, but we would have already previously reduceed size anyway
same here. I’m long the
Posted by skwan1940 on 20th of Oct 2023 at 10:35 am
same here. I’m long the mean reversion systems also