Monday, October 19, 2009

HZN Trade

HZN is a current open trade. Prices are bumping up against some significant resistance at 34c. Huge volume went through about 8 weeks ago. I like the look of it - but I also liked the look of BLY.
Posted by plan_trader at Monday, October 19, 2009

2 comments:

  1. NizarOctober 21, 2009 at 10:50 AM

    Hi Plan_Trader,

    It looks like HZN is doing well for you.

    Just on your comment "but I also liked the look of BLY". When i first got into systems trading, i was looking at ways to exit trades if they haven't reached X% profit in N weeks. Have you looked at this sort of thing? My thinking at the time was that good trades usually go in your favour almost immediately.

    I can't remember what the outcome of that research was but it couldn't have been great as I never incorporated the concept into the system.

    I also recall some traders telling me that it was actually the trades that don't look that good and intially struggle that end up doing well for you. Now I see what they mean. NVT was less than 1c away from its stop and struggled for several months. Now its among my biggest open winners.

    And good to see you have PMV. Its a champion. I got into it a few months back and I notice Stevo is in it as well.

    Nizar.

    ReplyDelete
  2. plan_traderOctober 21, 2009 at 12:01 PM

    Hi Nizar,

    I have tested many different ideas over the last 5 years and I have looked at these types of exits - none really helped much.

    I agree, with weekly systems they need wiggle room. For example, using a 10% initial stop really hurts this system

    Gary.

    ReplyDelete

Subscribe to: Post Comments (Atom)