THE SHORT-TERM TREND IS DOWN, I HOLD BOTH SHORT (TRAPPED) AND LONG (TRAPPED) OVERNIGHT
No idea about tomorrow, if not up big then I’d be bearish biased though.
As mentioned in 05/06 Market Outlook, the Non-Stop model sell signal may have been triggered today. You may want to wait for a few days to avoid the whipsaw though and short is for aggressive traders only. I’ve mentioned several times before that a typical trend following system like Non-Stop model usually has below 50% winning rate. It relies heavily on a long lasting trend to earn the money in the long run. So the sell signal doesn’t necessarily confirm that the intermediate-term trend is down.
Those who followed the TradingMarkets signals I mentioned in 05/05 Trading Signals, just a reminder that one sell condition has been met today.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
05/09/2011 |
$20.40 |
300 |
$19.47 |
|
|
|
|
SSO |
05/06/2011 |
$55.49 |
50 |
$53.49 |
|
|
|
Half positioned. |
SDS |
05/06/2011 |
$20.17 |
200 |
$19.47 |
05/06/2011 |
$20.40 |
46.00 |
Half positioned. |
SDS |
05/04/2011 |
$20.12 |
200 |
$19.47 |
05/09/2011 |
$20.25 |
26.00 |
Half positioned. |
SDS |
05/03/2011 |
$19.94 |
300 |
$19.47 |
05/03/2011 |
$19.98 |
12.00 |
Half positioned. |
SSO |
04/20/2011 |
$53.62 |
100 |
$54.73 |
05/04/2011 |
$54.73 |
111.00 |
|
LAST |
|
|
|
|
|
|
1387.00 |
|
SUM |
|
|
|
|
|
|
1582.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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