shillllihs
6,101 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.
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xarlor
620 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.
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Mactheriverrat
3,175 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.
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shillllihs
6,101 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.
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Mactheriverrat
3,175 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!
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shillllihs
6,101 posts
msg #157670
- Ignore shillllihs |
9/25/2021 12:39:31 AM
Thank you Mac, I appreciate it!
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