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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| SDS | Non Equity Investment Instruments | 3.32% | n/a | 2 | 25-Jul-08 | Prior Holding |
15-Oct-08
Another Big Day
Holding Rationale for SDS.
Another big day for the mechanical system. Honestly, I’m looking at these returns, and I’m asking myself why I’m not trading it yet. This thing is just killing it. Amidst all the failures of indicators and oscillators, this system seems to be getting even better.
(QID: 79.11 +17.46%) closed with an RSI2 of 75.34 and (SDS: 103.56 +18.07%) with an RSI2 of 74.27.
Without a doubt, had I not sold my QID this morning, (at $68.81, which is 6 pennies of slippage from the listed open) and were I actually trading this, I would be selling tomorrow. Look at these last two trades, marked-to-market at today’s closing price (highlighted in yellow). The total P/L is now ~13K, which equals a 26.15% return, in just six trades. The system has never had more than $550.00 at risk on any trade, and has been at least 40% in cash since inception. Keeping 1% risk per trade, the system could now theoretically hit 10 losers in a row, and still be up ~$8K, or 16%.
I am amazed.
Despite all this, despite the success, there is still the desire to override it. And that is why profitable systems can still be traded unprofitably.
SDS and QID will be left open tomorrow and will not be closed until the exit criteria is met.
No New Entry Signals for Tomorrow.
Tagged Stocks: SDS
Posted at 18:48 in Holding Rationales | Permalink | Comments () | Top
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2 Comments on "Another Big Day"
Posted on 16-Oct-08 10:09 by BlainR
Hey, why did a star disappear?
Posted on 18-Oct-08 07:45 by Woodshedder
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