buying @ 998.5
stop 994.5
i think it goes to 1010 - 1015 and back to the lows.
CH
CharterJoe
Rep: 4,475
Posts: 2,352
quote:
Originally posted by koolblue
we havent had 7 losing days in a row since 1996.( course the fat lady isnt singing yet)
Thats why I keep buying calls on the dips...If it gaps down I add and get out with a profit and if it goes up it goes up enough to make a nice point. So its going good either way so far...
KO
koolblue
Rep: 48,651
Posts: 16,032
3 point stop..(ps i really dont have a clue what happens here, just buying the oversold tech.)
CH
CharterJoe
Rep: 4,475
Posts: 2,352
quote:
Originally posted by koolblue
YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!
Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.