If it is too good to be true, it’s not true... I know
enough of trading to know what is real and what is not.
I cannot predict whether the market will go up or down other than either take a chance on a pullback in an uptrend hoping it will continue, or hold on to the tail of an existing trend till it is no longer your friend. Technicals give you fewer losses, and also reduce your upside.
I cannot predict whether the market will go up or down other than either take a chance on a pullback in an uptrend hoping it will continue, or hold on to the tail of an existing trend till it is no longer your friend. Technicals give you fewer losses, and also reduce your upside.
I did back
testing on NUGT and found with a shock that all 25 odd trading systems of mine
failed to make any money... never had that before. NUGT is a Gold Miners ETF
and is very volatile. It moves 5-8% in a day, so it is not for the faint
hearted and be wary trading it with any amount of monies as it can move quickly
against you.
Typically I get 40% to 100% of the trading systems are
profitable based on past back testing. So what I did was take my worst system,
largest loss, and flipped the buys to sells and sells to buy... now it looks
good... trading successfully is a challenge under any circumstances, and more
so when we do it part time. Successful short term trades are best entered when
you don't feel like entering... throw logic out. But keep an entry
and exit rule.
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