tag:blogger.com,1999:blog-3909505513533980987.post6789115844489175737..comments2022-08-01T05:34:44.020-04:00Comments on Trader Craig's Market Edge: Mark Hulbet On The Golden CrossAnonymoushttp://www.blogger.com/profile/09362814861901777574noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3909505513533980987.post-81075710971661300962009-07-30T19:21:45.173-04:002009-07-30T19:21:45.173-04:00"The other difficulty is that we expect trade..."The other difficulty is that we expect trades to move right away, and more often than not they don't do anything for a long time."<br /><br />I have patience, but that drives me crazy.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-32090845788438254482009-07-23T16:42:04.211-04:002009-07-23T16:42:04.211-04:00I have done some research on profit taking for the...I have done some research on profit taking for the Qs using the Marketclub 3 week system that showed that taking half profits at 2 weekly 10 period ATRs reduced the drawdowns while maintaining almost the same return.<br /><br />In general for individual stocks I will look to exit half at 2 weekly ATRs or 40%+/- and trail a stop on the second half.<br /><br />From what I can gather, most traders take profits too soon or too late. We can never really be sure which it is going to be, but if we take half profits, it needs to be at a level that a breakeven stop on the second half won't get hit due to normal volatility.<br /><br />The other difficulty is that we expect trades to move right away, and more often than not they don't do anything for a long time.<br /><br />This is hard because your brain remembers all of those 10 baggers that are so easy to spot in hind sight.<br /><br />Anyway, I do agree with you except adding in taking partial profits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-17516979936298817972009-07-22T19:02:32.251-04:002009-07-22T19:02:32.251-04:00"...weeded out with stops"
I was just t..."...weeded out with stops"<br /><br />I was just thinking last night how much better our performance & enjoyment would be if we were able to avoid trading lesser degree consolidations.<br /><br />One thing that might help would be to only enter long on buy stops & exit longs on sell stops; enter shorts on sell stops & exit shorts on buy stops. <br /><br />Also making better use of use of BB's & parabolic SARS. It also helps if one has a friend or knows someone who is a great contrary indicator. LOL. I know a trader who literally was freaking out last fall. Panic attacks. I saved the emails.<br /><br />Regards,<br />davedavenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-72969524596243818612009-07-22T18:14:00.930-04:002009-07-22T18:14:00.930-04:00My intuition seems to work best at extremes such a...My intuition seems to work best at extremes such as the March bottom, and the October 08 crash.<br /><br />In the middle of the trend it pays for me to be more mechanical while paying attention to the cycles.<br /><br />The most important thing with the moving averages, with any system for that matter, is adding a requirement for signal confirmation. Does the market continue in the direction of the signal? That alone will eliminate half of the false signals, the other half will get weeded out with stops.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-91456449023187736542009-07-21T22:54:40.888-04:002009-07-21T22:54:40.888-04:00Sometimes some traders/investors need a triggering...Sometimes some traders/investors need a triggering device like the GC. <br /><br />Others more experienced (& successful) should rely upon their intuition more often. OTOH, for an inexperienced or bad trader to rely upon thier intuition is suicidal.<br /><br />Regards,<br />davedavenoreply@blogger.com