Personal Development for Smart People Forums - View Single Post - PSA: Serious signs of stock market trouble

The Big D · 10-29-2009, 09:16 PM

I should mention in the interest of full disclosure that today's movement changed the indicators to long for some of the stocks. Things no longer look so doom and gloom, although they're still the worst they've been in many months other than yesterday.

I lost a little bit of money on this one (not too bad, actually). One of the interesting features of good trend following systems is that they often change their mind immediately after putting on a position. It makes you look a little daft when you say "going down, no, wait, going up!" but that fast change of opinion tends to be profitable.

10-29-2009, 09:16 PM	#9 (permalink)
The Big D Banned Join Date: Oct 2009 Posts: 215	I should mention in the interest of full disclosure that today's movement changed the indicators to long for some of the stocks. Things no longer look so doom and gloom, although they're still the worst they've been in many months other than yesterday. I lost a little bit of money on this one (not too bad, actually). One of the interesting features of good trend following systems is that they often change their mind immediately after putting on a position. It makes you look a little daft when you say "going down, no, wait, going up!" but that fast change of opinion tends to be profitable.