70 replies to this topic

[CLK]

Wide stop set on IWM day short. It may just be a MACD retest and on to new highs.

 

Done until the close.

 

 

Closed for breakeven less commissions. Just was a directionless Friday. Hopefully there will be a breakout next week.

Edited by CLK, 25 May 2018 - 05:56 PM.

[CLK]

Had I went all in on every signal  since Jan. my Renko system would have made 2 million and just with a small 2k initial, that's including two

60% drawdown whipsaws. You have to do this if you want to make money when the system is working, you don't know how long

it will last but to be too conservative you have to have a million dollar account to start off with or else there is no living to be made

in trading. So now that we have a double whipsaw, that is a severe warning that more of that could be happening over the next few months.

All in, works when the drawdowns are few and spread out, but these doubles and maybe triples you will quickly go broke. So

there are times when a system will not work anymore, and because of being conservative you didn't capitalize on it, so there is

nothing to do but start thinking about suspending trading. One more whipsaw and I am done until volatility is back. I may trade one contract

out a few months on the long side but no real commitment of money. Gap day trading is all that's left, swing trading you might lose

too much in the chop.

[CLK]

Bought the gap down day trade, will see how it goes.

[CLK]

This is an overseas news sell, is this sell even real ? They won't be closing 2700 by 10am.

[CLK]

Closed QQQ long, up near gap fill.

 

 

 

This is just a range market, every time is gets near 2740 it's sold and 2700 it's bought, never closes at those numbers.

Edited by CLK, 29 May 2018 - 09:03 AM.

[CLK]

See how easy it is to post trades, no excuse really.

[CLK]

Closed DITM SPY long and added to short out to 11th. Daily looks bad even though hourly could bounce more. I think maybe they close 2700

today.

[CLK]

If VIX closes over 15 I'm looking for new lows for the year.

[CLK]

Not covering one dime until the system turns.

[CLK]

This is a tough market, close 1/2 short early and moved hedge out to the 15th. Added SPY 273P for Monday here at 2723.

This is too much too quick, need a retrace. Reversed account gain of 5% to 10% loss.