Queen Latifah on CNN Live Integrated with Facebook
This is the future of TV. That’s the live broadcast of Michael Jackson’s memorial with interactive status updates from facebook people. What a great idea!
Net: -$72
I figured my strat only had 50/50 odds. It had no edge. I lost -$50 from a gamble on XOM. Wasn’t part of the strat.
Tomorrow I’m gonna try to use a tweaked version of my strat.
(
ExpMovingAverage[EMA,Close,21,0,15] >
ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] > Last
AND
Last > ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /
AvgTrueRange[ATR,21,1] ) > 3
AND
(ExpMovingAverage[EMA,Close,21,0,15] – ExpMovingAverage[EMA,Clos
e,21,0,5]) < .03
)
OR
(
ExpMovingAverage[EMA,Close,21,0,15] <
ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] < Last
AND
Last < ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /
AvgTrueRange[ATR,21,1] ) > -3
AND
(ExpMovingAverage[EMA,Close,21,0,5] – ExpMovingAverage[EMA,Close
,21,0,15]) < .03
)
In summary, 15EMA21 and 5EMA21 have to be only .03 or less apart for me to trade the setup.
Net: $12
I used my strat’s formula to do the exact opposite of what I’ve been doing the previous days. Instead of using it for counter-trending, I’m using it with the trend. Price usually went to my favor but often stopped at or very near my exit before spiking to the other way and stopping me out.
So far it’s turning out that I have a little bit of an edge there.. So far…
Net:-$50
Feels like as if my strategy would make me money if I do the opposite. It’s been consistently losing me money. Maybe this formula is better for trending?
Net: -$50
Traded WYE against my rules at the open, made $22 on it. The following trades were all losing capped by AA where I was unable to cut it becuase I was looking at the Mac. I just decided to risk it all the way to -$50. Unsurprisingly I cut at the top.
Net: $28
Trades: 17
Shares: 1800
Opportunities were presented a bit late into the day, around lunch.
Net: -$58
Got stopped out today. Market was in trending mode. 9/10 of my trades were losing. I just stuck to the plan.
Net: -$9
Trades: 10
Shares: 1000
Just followed my strat strictly today.. traded 5 stocks.
Net: -$4
Trades: 18
Shares: 2000
Frame of Mind: Trade the plan.
Came in lunchtime, after the hockey game. Had 6 stocks on my trade list, my PnL went up, went down, but APA took away a huge amount.
I wasn’t presented with enough opportunities today.
Net:$32
Trades: 31
Shares: 3600
Frame of Mind: Excited to try my newly tweaked old strategy.
I now remember how I got into this rut. This losing streak was caused by a change in strategy to a trending strat which is prone to a lot of smaller losses. I wanted to make a lot in a short span of time. I needed to graduate.
I came to think that I can eventually get there if i would use my old fading strategy and remove the averaging down part and blowing up part. I would now play the strat and adhere to strict rules. Just make the odds work for me.
So I adhered to my plan (well not exactly) and made 8 profitable trades right away before i made my first losing one. I was up $50 before my losing trade came, which was capped at the stop, preventing a blow up.
I feel no pressure to make a lot, nor make back what I lost from the top.
What I did right:
Adhered to the plan. I felt good following my rules.
What I did wrong:
Traded GE, which wasn’t part of the strategy. Sure enough I nearly lost on the trade.
