by Aspellian » Tue Jun 23, 2009 9:19 am
Good morning MM bro!
Thanks for your previous posts, your so-called "dumb and stupid mistakes" probably a result of your highest standard and not dumb-dumb per-say.
you haven heard of MINE "dumb and stupid" (which is well-documented in this forum!!
)
just to continue on with the topic of shorting when the market breaks. Usually what is the trigger point whereby you close all your short positions?
is it:
a) certain targeted % gain is reach?
b) when market have a sharp reversal in high volume and start counting down on follow-through days?
c) or others?
if it is (b), usually what's your experience of follow-through days working? i remembered you mentioned follow-throughs only worked 2/3 of the time, is that right? do you mean to say that even when there's confirmed follow-throughs - but the rally breaks down shortly after (eg. within the week)?
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