StockFetcher Forums · General Discussion · Only The Geniuses<< >>Post Follow-up
shillllihs
5,963 posts
msg #157654
Ignore shillllihs
9/24/2021 4:14:17 PM

So if you have a daily system & indicator is touched mid day, what do you feel makes the most money.
Assuming you are getting in and out of a position do you,

A. Switch in or out before day is up

B. Get out of trade and wait till end of day

C. Ride out your loss & switch end of day.


xarlor
561 posts
msg #157656
Ignore xarlor
9/24/2021 5:50:04 PM

I wouldn't call myself a genius, but I'll toss in an answer from back here in the peanut gallery.

C. Ride out your loss & switch end of day.

If your system and back-testing is based on close-of-day, then you can't make up new rules on the fly. You make your trades on the close of the day. Otherwise, you're no longer playing your system.

Think of a system that's based on weekly charts. If Tuesday you got a "get out" signal, but your back-testing is based on the close of each Friday, would you get out? The answer should be no. You ignore the in-between times and take action on your system's closing period.

The same applies no matter what time frame you're using.

Mactheriverrat
3,132 posts
msg #157664
Ignore Mactheriverrat
9/24/2021 9:12:04 PM

C. Ride out your loss & switch end of day.

Now if markets are up , you might see a rebound
if markets are red , cut your loss and move on.

shillllihs
5,963 posts
msg #157667
Ignore shillllihs
9/24/2021 9:28:07 PM

The 2 geniuses have spoken. I figured that’s the best thing to do but when things get really stupid it’s like being submerged under water for 6 hours. This is my flaw, I’ll try to hang on. Thanx guys.

Mactheriverrat
3,132 posts
msg #157668
Ignore Mactheriverrat
modified
9/24/2021 9:54:00 PM

@shillihs
Your a geniuses too Brother .
You have created that successful TQQQ system over on C2.

Not every trade will go ones way. Live and learn I say!

shillllihs
5,963 posts
msg #157670
Ignore shillllihs
9/25/2021 12:39:31 AM

Thank you Mac, I appreciate it!

StockFetcher Forums · General Discussion · Only The Geniuses<< >>Post Follow-up

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