Easy come, easy go. The market giveth and the market taketh away. Anyone who thinks this is easy is wrong. Anyone who thinks that automated trading takes all the emotions out of trading is wrong. As bad as today was, none of these systems are doing anything that they have not done during the backtest. The best course of action after a bad day is to ride out the storm... just like a racer on a track with a big crash in front of him.... just drive through it.
Also worth mentioning - just because its a good story - is the original 7:30 Russell chart that made most of the big money in January was turned off on March 9th because of a little ugly pullback consisting of 3 stop losses in a row - it seemed like the sky was falling... well that chart has had a good winning trade for the past 12 days since it was turned off. I have been watching it make play money the entire time - thinking that as soon as I turn it on it will lose - and that's exactly what happened - I'm only running it with one contract for now, but it's staying on this time (I think).
Today's Action:
The S&P chart had no chance - the market had been killed by news - stop loss
The 6:27 Russell chart was the big winner of the day
This is the newer 7:30 Russell chart - trading 5 contracts - ugly
The is the original 7:30 Russell chart on its first day back - peachy
In the big scheme of things this is a small loss on the 11:15 Russell
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