Well… It’s interesting… Very good one day drop. The market is trying to filter girls from boys today 
Eu
Yes, I do think some people learned about leverage, risk control and position sizing today.
Well, just curious, how many guys did this? I saw it coming…
STO 1 @YMH7 Exchange day/night MINI-SIZE DOW ($5MUL) 12793 2/20/07 22:46 0 12254 (15:43t) $0 $1,950 $2,695 ($45)
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Low
$2,695
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Reverse
STO 50 DIA 127.40 2/22/07 9:30 0 122.54 (15:49t) $6,370 $9,433 $0 ($9)
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Low
$243
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Reverse
STO 29 SPY 146.05 2/22/07 9:30 0 140.48 (15:49t) $4,235 $6,272 $0 ($10)
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Low
$162
Close
Reverse
Well, I cannot write a letter to my mommy as well Tango’s buy-only portfolio is going south with the US market. However it underperform the market in loses. So far it’s not very significant DD, but I believe it’s painful for subscribers anyway.
But I agree, some systems will be wiped out from C2 today on the move lol
Eu
P.S. I have no idea what will be tomorrow. Don’s ask me
I also show it coming but I still ended up on the wrong side of the market! Don’t ask me how.
(sigh)
ER2 Position (-35), Average price 827.20, Market Price 790.59 (At the moment) First position was opened ~3 weeks ago.
Eu
P.S. It’s Crawler lol
I also show it coming
I hadn’t seen anything. 
I’m mechanical guy.
Eu
Okay. Well my monthly, weekly, EOD systems all indicated that the market would be heading lower if the Dow closed below 12700. But - like a novice - I took a long signal from my intraday system in the hope of a quick buck! I did exactly EXACTLY the same thing when the market corrected last May '06 - all my systems showed that a correction was imminent but a couple of weeks seems like a lifetime to an active trader like me.
Talking of a show, where is Jon? Just curious or maybe I miss him; I could’ve made a fortune for him…
Look’s like Jon’s Prime Time and Rocket Science both got hit hard during this correction. Glad I was not subscriber to Rocket Science anymore when it hit. There drawdowns were too high for me for the small amount of profit per trade.
My RT Forex North did fine, closed out my 3rd profitable trade in a row.
I agree. Very interesting situation today . 
going back to 1928, there have been 195 days with a downward move greater than or equal to todays move. So, historically, it’s ~1% chance. Starting counting in 1980, it’s ~0.4% chance.
In other words, it’s something you can expect to happen about once or twice a year on average. If you believe Mandelbrot, these events tend to cluster in time, so perhaps there’s more to come.
Some vendors nicely helped to further strengthen the efficient market hypothesis today.
Talking of a show, where is Jon?
Look’s like Jon’s Prime Time and Rocket Science both got hit hard during this correction.
(sigh) (Cynically). I hope the guys and their subscribers are doing well. Maybe only the guys…
I can say nothing about “Rocket Science”, but I’ve broken my rules for lovely, greatest futures trader Jon.
Good luck Jon! You’re the best! lol
Eu
And that children, is what happened in mid May. A lot of high-flying systems were keeping many dazzled. Then same thing. Reality check.
But as someone said above, it is markets like this that show who outperforms REALLY, who understands money management (stops, profit targets, position sizing). Many systems do little more than leverage a rising market…
There is never an excuse for a system to give up 6 months of losses in a few days. Imagine what is happening to subscriber accounts, where there is REAL money…
In other words, it’s something you can expect to happen about once or twice a year on average.
Yeahh… Agree. It’s more close to once per year. The problem is in recognizing the event before the fact. It’s not predictable in general (IMHO) So you have to try to put the kind of events in your estimations of a system.
After the fact everyone is smart
Eu
And that children, is what happened in mid May. A lot of high-flying systems were keeping many dazzled. Then same thing. Reality check.
Well… I don’t know what is reality made by children ;). What I know, that probably today/tomorrow I might lead people to the hell. In system of course
Only one excuse from my side is that I’m only one C2’s system vendor who published risks of a system in advance for a public. No one was able to afford it so far lol
(sigh) I don’t know what will happen tomorrow, but everybody from C2’s community will be able to see it. It’s very interesting thing of C2 when you cannot sell BS on your words. It’s easy verified lol
Eu
P.S. And they blow up and blow up and blow up…
Glad I was not subscriber to Rocket Science anymore when it hit.
I’m a RocketScience subscriber, with a twist… I filter their signals through my own system. I’ve been able to do much better than RS, and typically one of their round-trip trades turns into two or three round-trips for me. Basically, their draw-down turns into my profits and their profits, of course, turn into my profits as well.
On this last open trade, my system got me in and out of RS on the same day (well… out during the night market again), with a profit. Had I been invested as he suggested, I’d be $75,000 down right now.
Caveat Emptor - in Lew we trust (all others pay cash).
($215,124) loss… with the following note attached to it:
"this is a new long term trade method I’m working on. I like the long trade long term, so, If I can back up my data with the daily chart, the trade will strengthen, as i’m typing, I don’t have daily confermation, I’lll keep you posted…"
I guess he didn’t notice he was holding the chart upside down when he placed that [same day round trip] long-term trade.
I guess he didn’t notice he was holding the chart upside down when he placed that [same day round trip] long-term trade.
Now that is funny!
I finally realize why Palsun is so unhappy against the APD (that evil indicator) and likes the Profit Factor. For his systems, the APDs are -0.26, -0.16, 0.06, 0.07, and 0.20. The overall average of all his systems is a negative APD !!!
Profit Factors are a little kinder. The average is just above 1.0. I suppose that is why he says systems with PF over 1.0 are "profitable."
It would be more impressive if he didn’t base his opinions of statistics to suit his own performance
