Net short. Working positions.
My summation signal is down.
My composite trend signal is up.
My signals are in conflict. ADX is down, and VIX is elevated. This is not a trending market.
My setups are designed to own trends.
Last week as things got progressively choppy, I started managing my exposure on trades.
The good news is that I repositioned shorts Thursday into Friday and caught a nice move.
The bad news is that the F-ing algos top ticked the R2K at one of my stops Friday and took out a layer for a loss.
I was away from my desk and thus was not able to reload after an obvious pick-off.
As the exit was per the protocol, the execution was fine though. Trade was just a fail.
A trend could clarify any day (I can argue either way). So, I would like to stay in my setups.
However, I am now oriented to work my positions until my signals get clearer rather than get chewed up.
So, I may weight the long side in this mornings dip (tight stop). If we go back to the highs at some point, I may weight short (maybe even re-load that R2K layer).
Time to be nimble I think. Not falling in love with my positions. Will take no more risk than was quantified in original setups.