<Not interested in after the fact trades or history rewrites. That's for other threads where they don't know how to trade and R therefore afraid to post their buys when they make em:o)>
Of course this is your thread to run any way you like, but have you backtested the successfulness of this approach of posting trades? Since you know how to trade, you must be well-versed in Mandelbrot's work on Fractals and markets. In The Misbehavior of Markets: Books: Benoit Mandelbrot he writes about the speed of markets, how 'market time' speeds up and slows down, and how the most volatile markets can be where adept traders make outsized gains. I would therefore be highly suspect of any trade posted on a thread that could be so stale as to destroy its value (no questions are asked of the posters true motives of course, and all posts taken at face value). When markets are slow, one is probably better off fishing as one of the top market timers in N. America, Jack Chan, says regularly. I believe he's right. The opposite is also true. For example, during the exhaustive selloff on the morning of June 13 I profitably liquidated several large Put positions during the first 20mins and positioned myself to go long commodity, energy and miners. There were bargains galore the next few hours and I added over 40 new positions across warrants, options and long equity positions, but how could you possibly post all the entry points fast enough to add value? The again perhaps I don't know how to trade!
Looking forward to those post mortems... |
