Originally Posted by
nickola.pazderic
Thanks. I appreciate that.
My emotion in the question "Does anyone want to go short again?" was ironic !
Like you, I went light into this trade. I saw some other discretionary traders, like Erik Swartz, anticipate and then trade the bounce move perfectly for nice gains. I don't like to enter trades I don't think will work, but from all I've read about trend following, it is absolutely necessary to follow the signal.
Getting stopped out early puts me in the peculiar position in which I hope the trade gets stopped out at 74.8. With the robot we are reduced to rooting for a market move like home town fans root for a football or basketball team. Of course rooting is pointless, but I have some identity tied to the outcome in either case. What's worse, I root for a market move against the positions of my friends.
Lastly, that I was stopped out shows once again that wet ware beings will always have some trouble with robotic commands, unless we are ourselves fully automated. Since such mistakes are common, I don't think people will be interested in an explication of the circumstances that lead to the error.
Happy Holidays