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--------------------------newbie_77 wrote:hello taggard,
thank you. what you said is very true.
i bought SPXU for 13.90 on 11.15 but exited on 11.17 when it reached 15.30 .. had i waited couple more days could have sold for 17+ basically gave more than 50% .. which is basically what's happening to me
taggard wrote:you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.newbie_77 wrote:master cobra,
you sound emotional. you are expecting ....
so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again
Cobra wrote:nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.
the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).
Well said, run on small profit is also front running.taggard wrote:you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.newbie_77 wrote:master cobra,
you sound emotional. you are expecting ....
so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again
Cobra wrote:nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.
the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).
why? the market has built up the potential to go much higher in weeks.ddd wrote:Second chance to close DT longs at closing.
Taggard: you identified an interesting problem! Cobra is right: it is a very tricky matter!taggard wrote:--------------------------newbie_77 wrote:hello taggard,
thank you. what you said is very true.
i bought SPXU for 13.90 on 11.15 but exited on 11.17 when it reached 15.30 .. had i waited couple more days could have sold for 17+ basically gave more than 50% .. which is basically what's happening to me
taggard wrote:you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.newbie_77 wrote:master cobra,
you sound emotional. you are expecting ....
so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again
Cobra wrote:nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.
the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).
Maybe the issue is defining when one is in a decent trade. often fixing problems like this is tricky at first since the obvious move is to invert and hold--in my case that would actually work better--but would involve a lot more smaller losses which at this point doesn't see right.
i trade (at this point) mostly intra day so i can see where that is less intense than your holding over nite in this market. the idea being i should be more aware of the quality of the move. in stronger trends it's not wrong to hold in marginal trends ranges etc--it is generally less wise to hold. The problem of trend quality does not have to involve future assumptions (something i am trying as much as possible to avoid right now) it's more the immediate strength of the move--and whenever possible the mood of the players.
For example a trend going up to absurd heights is a lot easier to trust if you see people buying tons of puts as it goes up. The market is climbing the stairway to heaven on the bodies of the shorts.
the trick for me is really paying attention over what is to you a fairly short period of time--but really listening during that short period. in any case glad your trade worked.
Cobra wrote:Well said, run on small profit is also front running.taggard wrote:you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.newbie_77 wrote:master cobra,
you sound emotional. you are expecting ....
so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again
Cobra wrote:nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.
the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).
We need a balanced way.
Let winners run is wise but also difficult to handle because there's another part: don't let your winner turn into loser.
balance.
How to balance?
I wish I'd know.
Seawaves wrote:why? the market has built up the potential to go much higher in weeks.ddd wrote:Second chance to close DT longs at closing.
buying dip is the way to go now.
[/quote]taggard wrote:you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.newbie_77 wrote:master cobra,
you sound emotional. you are expecting ....
so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again
Cobra wrote:nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.
the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).
Right now, : My SPX positions go UP again nicely while my NDX are stagnant!Al_Dente wrote:spy trying for new HOD
25 minutes left, plenty of time for a good squeeze
On second thought, why not just keep squeezing the banks