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Strategies & Market Trends : Technical Analysis - Beginners
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To: Michael Quarne who wrote (7844)1/17/1998 10:08:00 PM
From: Loren  Read Replies (1) of 12039
 
Arctic Mike -

When my indicators give a 'buy' signal, it means that according to them, an uptrend has been 'established'.

After this happens, the uptrend has some amount of life in it. Then the trend breaks down, and the indicators flash a sell signal. It may be weeks, or just days... you just don't know, and you won't know... until it's through!

Now, I know I can make money if I trade these signals. I know that if I take advantage of the full life of the trend, I can make enough money from the profitable trades to offset the 1 out of 2 trades that go south.

However, if I don't take advantage of the first part of the uptrend, I'm in trouble. For every week I wait after getting the buy signal, the chances of having a profitable trade go further down. And lowering my 'batting average' will mess up my ROR faster than just about anything else.

Make sense?

Loren

P.S. Another way I look at is... if I was supposed to consistently wait longer before getting in, my system optimization would have told me that!
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