6067 views, who are these sadists who enjoy watching me lose money. To be honest half of those views are probably mine. I don't want to put people off with my waffling posts but I think it's a good idea to write down my thought processes.
PRU stopped out, Been a while since I had a winner. I should not really have been in the market on the day of such a major news announcement as yesterday, but like all things I seem to enjoy learning the hard way. The good thing about being stopped out so often is I am getting so used to it I react with the same emotional response as I do when receiving an email informing me I have won the Nigerian state lottery.
GFS cancelled.
Make or break with six longs for tomorrow. I am a bit nervous having this many orders but I think the fact so many stocks are showing a long signal at the same time is probably a good sign along with the FTSE hitting some support. Saying that, that bozo candle looks ominous.
GFS
IHG
SL
WEIR
MRO
MRW
You are not wrong to continue trading through the news. There is ALWAYS news.
If you're about to go balls deep with a load of longs. Sling in a ftse100 index hedge. If you dont want to hedge the whole £ amount. Do half.
Ps. Do you need to take all the signals? What about just taking the best 3 from the day? If you ran a correlation matrix on them, you'd probably find that you are essentially going long once in a position 6 times larger than you should be.