Replies to post #13088 on Profunds index and sector trading (PRO)

[was Steve]

the market was still trending up unitl todays candle and you were following the trend to perfection. as of close on fri i had 15 min overbought and 60 min poised to rally. last week i truly felt we were going up today. i went short 45% since i did everything wrong and faded myself. 60 min usually overide teh 15 min charts. this time it didnt work and i got lucky.

r u going to sell or hold out for more up?

[Namiar]

<<My mistake was putting too much weight on the p/c and staying long when I had no direction on the hourly.I will learn one of these days.>>

I wouldn't think in the terms that you have to readjust your rule set after every loss. Every methodolgy must fail now and then. If there was some system the worked 100% of the time, then everyone would want to use it. After which it wouldn't work anymore.

If you have an approach that works > 66% of the time, and wins make more money on average than losers lose, then you will do very nicely over time.

Just enjoy the gains, digest the losses, and keep plodding along.