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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (15655)	2/17/1999 9:01:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Dave, these whip-saws are very painful As I posted to Clay, it has taken its toll on my account as well. In fact, I was chatting with a couple of guys who are experienced futures traders and they said the very same thing -- basically any one using a trend following system or a quasi-trending system which is really what mine is, has taken it on the chin. Re evaluating your entry and exit points -- the key thing is to not to miss out on the trade that helps to make up all or part of the draw-down. If there were a way to objectively evaluate a period of choppiness that may be impending and then stand aside during that period, it would be the perfect solution. I have not found one -- in fact my experience has been that the this sort of choppiness generally precedes a big move in one direction or the other. We saw this recently with the bonds -- I mentioned how I'd be going from long to short to long -- though without the draw-downs that I have seen on the spoo. Then the bonds broke. I guess the hope has to be that we still have some capital left to trade when that big move does occur!!:) Good luck