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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Lee Lichterman III who wrote (76054)1/23/2023 7:28:10 PM
From: Sun Tzu3 Recommendations

Recommended By
Lee Lichterman III
Lou Weed
towerdog

   of 97179
 
I held on to SOXS longer than I should have an as a result lost most of my profits. And yes, I gave SOX 60/40 chance to drop. But I don't hold on to losing positions. Losing means it goes up more one volatility adjusted ATR. One day loss, I can take (even though I should not) more than one vol, I really need to have the conviction of the trade to go against the tape. It happens, but not very often.

And you have having selective memory. Review my posts and you'll see that I also talked about 2023 being directionally like 2018. Lou brought up my flexibility and I told him I trade what's in front of me, not what's in my head.

Here's the SOX chart. My biggest mistake was to not switch sides when it went up from below the green line. I wasn't going to compound that mistake by holding on to it. Had I really done what I knew I should have, I would have gone long. It was a mistake not to. But there is a big difference between letting a trade scape and holding on to the wrong side of the order flow.

This chart is messy, but still pretty self evident how my trading style would have traded it.

Make a guess where I went short and where I covered. HINT: it was almost a round trip and hardly worth it.

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