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Re: euterpe1 post# 61470

Wednesday, 10/08/2008 1:36:27 PM

Wednesday, October 08, 2008 1:36:27 PM

Post# of 384950
euterpe1...first, sorry that you took personally any chiding..as I said I am just amazed at the number of people who try to trade against the trend. I was never any good at "guessing" when a support level would hold..when an overbought signal of any kind would signal a reverse, etc. You apparently have successfully done that in the past, under far more normal conditions.

I guarantee an obvious thing..I have made many trading mistakes..and will until I quit trading, I'm sure. That is not even a question.

Sorry you can't go short in some of your accounts. Before I retired, my company IRA had the same limitations. That's a real bummer, because some of the best gains, in the least amount of time, come on the short side.

Yes, the volatility on the days you mentioned was extreme..but you will notice that the weekly chart cancelled those days, and remained short. As I recall, it was a very trying time to stay with the plan. I allow for a 20% drawdown..never invest more than I can afford to lose..and never use margin or futures or options.

Good luck with your system. It will reward you again in time.

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