Re: A Mechanical Strategy Journal
<<That's a good way to operate if you can cut losses in the trends.>>
waveslide, I can see in the strategy orders that some of the orders fly right in the face of a few core principles I abide by. ie, tomorrow, it looks like we will very likely get short based on the strategy rules. I would not want to get short BELOW the opening price given the set-up going in. Above the open might be a short tomorrow -- but I do not want to short on weakness with all the likely residual momentum in the market. I have noticed this type of order --- in the face of a potential breakaway gap --- being a problem for this strategy. So already I can see that this short-strategy as it is written just isn't right for me. Perhaps I will only take the longs and rely on my own existing short-scalp strategies to make money on the short side.
The long-side strategy looks good. I actually went long RUS today and thought of keeping 1 on in line with this strategy. I wimped out and scratched the order -- big mistake.
Last edited by Dogpile; 09-18-2007 at 11:37 PM.
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