I can always buy it again if it triggers another entry.
My system will never buy bottoms. It isn't designed to buy low and sell high. Its designed to buy high and sell higher. And it has been backtested through many different timeframes and market conditions.
I started out in trading early 2005 through managed funds.
November 2005 started in stocks through fundamental analysis.
After the 2006 May correction I learnt to use stops!
A few months afterwards I read Michael Covel's book and it was a real eye opener for me into what can be achieved through mechanical systems trading.
In 2009 I started looking seriously at short term automated trading through AmiBroker/IB as this would allow for all the benefits of short term trading (smoother equity curve, faster recovery from drawdowns, etc) without the associated screen time.
2 comments:
I know u have prob chopped LGL already but seriously...dont do it, just hang on.
LGL will recover and while taking the loss now will make u feel all disciplined and all..its a timing thing, LGL will bounce as gold will bounce.
U should look at ways to reduce the risk of "top buying" in your system.
Hi So Cynical,
I can always buy it again if it triggers another entry.
My system will never buy bottoms. It isn't designed to buy low and sell high. Its designed to buy high and sell higher. And it has been backtested through many different timeframes and market conditions.
Thanks for your thoughts.
Post a Comment