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Ouch... too bad we dumped GCE
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Topic: Ouch... too bad we dumped GCE (Read 20153 times)
Victor
Sr. Member
Karma: 1
Posts: 73
Ouch... too bad we dumped GCE
«
on:
October 11, 2007, 06:30:12 PM »
Given the generally down day today, too bad GCE was a sell this week. Popped to new highs today.
Can't complain overall, just a little whine.
Victor
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bryanmcn
Hero Member
Karma: 2
Posts: 360
Re: Ouch... too bad we dumped GCE
«
Reply #1 on:
October 12, 2007, 06:09:34 AM »
Hi Victor
Most times when I try to outguess SSP I loose. I set a tight stop on VRS and it hit so I sold below SSP. Having learned my lesson I sold GCE at the end of the day as per the SSP and the next day it popped! A tight stop would have beat the SSP's performance. DOAH!
I will probably keep trying but the more I lean towards sticking to the SSP actions, the more money I make.
Perhaps I have a subconsious need to limit my wealth.
HA ha!
Bryan
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Victor
Sr. Member
Karma: 1
Posts: 73
Re: Ouch... too bad we dumped GCE
«
Reply #2 on:
October 12, 2007, 07:23:24 AM »
Bryan, thanks for the feedback. I did some work on stops, which showed some promise for the basic Price Momentum Weekly system. However there wasn't a good consistent stop for the other (delayed) systems. I haven't done any work on the trades after they end (as per SSP), but I think I might add it to my to-do list.
For now I'm following the system trades as given. If the evidence shows there's advantage to tweaking the exits... well, I'll keep everyone posted.
Cheers,
Victor
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DCA
Hero Member
Karma: 3
Posts: 152
Re: Ouch... too bad we dumped GCE
«
Reply #3 on:
October 12, 2007, 11:41:39 AM »
I was sure that SSP would issue a buy on GCE so I bought 15K on Friday. Then Monday was a sell!
Can't complain too much though. Having lost my only reason to buy GCE I sold for a .01 profit per share.
D
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