I was five for five today, with all wins. Feels good after yesterday, when I was only four for seven. In the video below, I go over all five trades, and one loss I had yesterday (since I was too sleepy to make a video yesterday). The trades today were on BEAV, RCII, COST, RBC, and CROX.
It’s still really tough out there for my style of trading. I’m in guerrilla mode, taking profits very quickly. Yesterday, I was trying to adjust to the chop by giving my trades a little more room to move… the result was that my losses tended to be larger than my gains… not exactly a winning formula! So, today I used tighter stops again and just got really aggressive about locking in gains. I swear, every time I decide I want to try to ride winners longer, the markets kick my ass and turn me back into a scalper.
I made some adjustments to my two main paintbars (the trend following one and the mean-reversal one) last night, which seems to have made them much more effective. I am almost ready to publish them here if anyone wants to play with them. They are far from perfect, but they do let me know when lots of indicators are trending or rolling over. It’s good to help reinforce my decisions.
