Thursday, March 25, 2010
Still learning after all these years
I have 10 systems positions on and they are down 2627 and getting worse by the minute. 3 of the 10 were mistakes. I now have a new filter. I look at the weekly charts and do not take any long if the 50/10 LRC is pointed down. this would have been KONG, ERX, and DRWI. the 3 total 2600 loss. Not only should I not have taken these but also, KONG was buying open (which gapped hugely) after a big bar up, way over the ATR. I should have waited for the pull back. Anyway.. I just want to bail on these puppies but now I guess its better to see how the system deals with these losers. How bad will it get before the system bails on them. Also... being long this late in the market run is suicide anyway. gee.. now down only 2400. Well this is one of the reasons I am working out the bugs in virtual time instead of real money. its all good.
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