I sure hope people who loaded up on SRS to swing it had stops in
place ... Appears this one could be decreasing in value fast
as no one is buying it ... I'm done trading it even as a
system trade as its just too risky to catch a falling knife.
Right now it has NO support under it and is in free fall since it
broke $17.75
Chris, if you trade it within the system, the risk has not
changed. If you had a swing system you would be short and likely
making a TON of money. The systems help - and don't normally have
you catching falling knives.
Your correct about using a system ... I was just making a
comment about SRS. My people here on the BLOG trade it and I
hopefully those who swing it and not system trade it did place
stops otherwise there in a WORLD of hurt now ..
Exactly. People holding SRS are probably doing so because they
"predicted" the mkt has to fall soon since the recent rally
started; and even yesterday where so many on the blog are so
"confident" they are shorting the mkt.
Seriously, I dun understand why they feel the need to fight the
trend...
True. You never get tops or bottoms with the systems. Usually
there has to be a significant reversal or a long sideways move for
the systems to trigger. So there is no question of a falling
knife.
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SRS
Posted by cspirit on 4th of Aug 2009 at 12:12 pm
I sure hope people who loaded up on SRS to swing it had stops in place ... Appears this one could be decreasing in value fast as no one is buying it ... I'm done trading it even as a system trade as its just too risky to catch a falling knife. Right now it has NO support under it and is in free fall since it broke $17.75
I wouldn't be short
Posted by lpwise on 4th of Aug 2009 at 12:18 pm
SRS
Posted by rgoodwin on 4th of Aug 2009 at 12:18 pm
Chris, if you trade it within the system, the risk has not changed. If you had a swing system you would be short and likely making a TON of money. The systems help - and don't normally have you catching falling knives.
Your correct about using a
Posted by cspirit on 4th of Aug 2009 at 12:33 pm
Your correct about using a system ... I was just making a comment about SRS. My people here on the BLOG trade it and I hopefully those who swing it and not system trade it did place stops otherwise there in a WORLD of hurt now ..
Exactly. People holding SRS are
Posted by gan_ on 4th of Aug 2009 at 12:25 pm
Exactly. People holding SRS are probably doing so because they "predicted" the mkt has to fall soon since the recent rally started; and even yesterday where so many on the blog are so "confident" they are shorting the mkt.
Seriously, I dun understand why they feel the need to fight the trend...
True. You never get tops
Posted by Vida on 4th of Aug 2009 at 12:25 pm
True. You never get tops or bottoms with the systems. Usually there has to be a significant reversal or a long sideways move for the systems to trigger. So there is no question of a falling knife.