It was tough placing my buy orders this morning

[MovingAverage]

Have to admit is was bloody tough placing my buy orders this morning knowing that the broader market was going to get absolutely smashed again today. My system generated a number of buy signals this morning but the voices in my head were telling me that I was completely loco and reminding me of the doomsday headlines running in the media about world markets experiencing their biggest single day crashes in years--apparently the media believes Armageddon is upon us. Despite my system simulations clearly showing me that my system performs well in market downturns it was tough with those voices going on in my head. Anyway, convinced myself to stick to the system rules and ignore those negative voices in my head and placed some sizable buy orders this morning--don't fail me now system. This trading game sure does mess with your head.

This is my swing system so in the next few days I will reveal details of how my trades for today went, but for the record I went long this morning on EOS, AVH and APT and depending on price movement today I may go long on CAN and MVP. Time to hold on to my hat folks.

As someone once told me, plan the trade and trade the plan.

 

[sptrawler]

Have to admit is was bloody tough placing my buy orders this morning knowing that the broader market was going to get absolutely smashed again today. My system generated a number of buy signals this morning but the voices in my head were telling me that I was completely loco and reminding me of the doomsday headlines running in the media about world markets experiencing their biggest single day crashes in years--apparently the media believes Armageddon is upon us. Despite my system simulations clearly showing me that my system performs well in market downturns it was tough with those voices going on in my head. Anyway, convinced myself to stick to the system rules and ignore those negative voices in my head and placed some sizable buy orders this morning--don't fail me now system. This trading game sure does mess with your head.

This is my swing system so in the next few days I will reveal details of how my trades for today went, but for the record I went long this morning on EOS, AVH and APT and depending on price movement today I may go long on CAN and MVP. Time to hold on to my hat folks.

As someone once told me, plan the trade and trade the plan.

You will never get rich unless you are brave and bold, just remember what Warren says "when people are heading for the exits", I will watch and support you that's why I'm not rich.
Maybe a small flutter on Kimberly-Clarke (kleenex), may be the go.
Only joking, all the best, as you say a system is a system.

 

[tech/a]

Got smashed yesterday even with tight stops on latest entries.
Biggest hits were from open profits that were set to B/E and hit
some filled lower.

This morning two left and they were stopped.
Now looking for opportunity.
Bought a couple already.

Timing is likely to be average but will fill up as things crystallize
and searches identify.

Cost of doing business!

 

[rederob]

Have moved some more cash to our trading account after only so far only picking up Amcor.
Have a small order on AMI at 44cents and will hold it there as gold is retracing.
Am looking at BHP to drop more as the week goes on, but definitely am not in a hurry.
Same reason am looking at QAN.
Aside from that, will keep a close eye on any biotech that thinks they have an antiviral for covid-19.
And will see what a better scan can show.
I'm definitely not running to the exits!

 

[MovingAverage]

I'm definitely not running to the exits!

There will be some good buying that is for sure. As the saying goes...buy of fear sell on greed.

 

[tech/a]

The worm is turning.
In my lot.
A2M a survivor
Tesla of course.
The Super is showing some green.

 

[qldfrog]

There will be some good buying:
will=future but when? at 10AM this morning or in 2 month/2 years...

 

[MovingAverage]

There will be some good buying:
will=future but when? at 10AM this morning or in 2 month/2 years...

I asked my crystal ball that question but it won't give me an answer. My system on the other hand just tells me to buy if price hits a certain level and to sell when a certain condition is met, but frustratingly doesn't predict exactly when in the future those events will occur.

 

[tech/a]

There will be some good buying:
will=future but when? at 10AM this morning or in 2 month/2 years...

In some cases you may have missed the boat.

 

[MovingAverage]

pffffft...who said the market was being slaughtered by the Corona virus There's money to be had where others fear to tread.

So how did I end up today...well, I entered five orders this morning for EOS, AVH, APT, CAN and MVP based on set ups. Only EOS, AVH and APT triggered buys today while CAN and MVP didn't meet their entry requirements so no buy orders for those two. Note: while I went long on EOS, AVH and APT I did not buy on open.

What were my gains, at close my EOS position was up 8.4% on my entry price, AVH was up 5.04% on my entry price and APT was up 5.65% on my entry price. My system is telling me to exit EOS and APT, which I'll do tomorrow but I will hold my long position in AVH.

Got to admit I pretty happy with today--I wish the market would crash more often . Stick to the rules of your system they say.

 

[qldfrog]

sadly, with a weekly system all Isee on a day like today is red red red....

 

[MovingAverage]

sadly, with a weekly system all Isee on a day like today is red red red....

I trade a weekly system too...haven’t looked at this week for good reason but I will do tonight...I’m sure it will be a depressing sight

 

[MovingAverage]

@qldfrog thought you might be interested in some perspective. I don't normally look at the performance of my weekly system too frequently and it is a long term system and normally I only check in on performance EOM. However your earlier comment in this thread about your weekly system and the current market downturn did make me curious about the performance of my weekly system in the current market. The image below is the unit price (I prefer unit price as a measure of system performance) of my live weekly system from around Jan 2019 through to today. As of close today the current market downturn doesn't seem to have produced an abnormally negative impact on my portfolio's unit price when you compare to other declines that have occurred over the past 6 months. As you can see on the far right this current downturn is not dissimilar to the other downturns in unit price my portfolio has been experiencing since around Aug of last year.

 

[aus_trader]

pffffft...who said the market was being slaughtered by the Corona virus There's money to be had where others fear to tread.

So how did I end up today...well, I entered five orders this morning for EOS, AVH, APT, CAN and MVP based on set ups. Only EOS, AVH and APT triggered buys today while CAN and MVP didn't meet their entry requirements so no buy orders for those two. Note: while I went long on EOS, AVH and APT I did not buy on open.

What were my gains, at close my EOS position was up 8.4% on my entry price, AVH was up 5.04% on my entry price and APT was up 5.65% on my entry price. My system is telling me to exit EOS and APT, which I'll do tomorrow but I will hold my long position in AVH.

Got to admit I pretty happy with today--I wish the market would crash more often . Stick to the rules of your system they say.

Very interesting MovingAverage. Talk about catching a falling knife and winning

Is it some intra-day system you are using on these stocks that has been bought for such rapid gain ?

 

[qldfrog]

@qldfrog thought you might be interested in some perspective. I don't normally look at the performance of my weekly system too frequently and it is a long term system and normally I only check in on performance EOM. However your earlier comment in this thread about your weekly system and the current market downturn did make me curious about the performance of my weekly system in the current market. The image below is the unit price (I prefer unit price as a measure of system performance) of my live weekly system from around Jan 2019 through to today. As of close today the current market downturn doesn't seem to have produced an abnormally negative impact on my portfolio's unit price when you compare to other declines that have occurred over the past 6 months. As you can see on the far right this current downturn is not dissimilar to the other downturns in unit price my portfolio has been experiencing since around Aug of last year.

View attachment 100739

There was a bit of a rebound, when i i look st the share around 11am sudney time, i had no green at all in my 2 systems: 38 positions in red.when i checked this evening, going down but probably 25% of green so not a catastrophe.lets see on friday

 

[sptrawler]

Was that bang and screech I heard, a dead cat.

 

[frugal.rock]

Had a think, and yesterday/ today was really a big ripple.
Gold XGD was up yesterday 4%
It was the worst sector today -3.7%
This screenshot would normally show 9 tiles of the highest advancing stocks, large cap... then 9 tiles mid cap etc.
I have never seen this before...
Only 1 stock in large, 3 in mid cap.

 

[Value Collector]

Have to admit is was bloody tough placing my buy orders this morning knowing that the broader market was going to get absolutely smashed again today. My system generated a number of buy signals this morning but the voices in my head were telling me that I was completely loco and reminding me of the doomsday headlines running in the media about world markets experiencing their biggest single day crashes in years--apparently the media believes Armageddon is upon us. Despite my system simulations clearly showing me that my system performs well in market downturns it was tough with those voices going on in my head. Anyway, convinced myself to stick to the system rules and ignore those negative voices in my head and placed some sizable buy orders this morning--don't fail me now system. This trading game sure does mess with your head.

This is my swing system so in the next few days I will reveal details of how my trades for today went, but for the record I went long this morning on EOS, AVH and APT and depending on price movement today I may go long on CAN and MVP. Time to hold on to my hat folks.

As someone once told me, plan the trade and trade the plan.

I made my biggest purchase in over 18months.

When the chicken littles are screaming that the sky is falling, thats the time I sharpen my pencil and start looking for things to buy.

 

[fiftyeight]

I made my biggest purchase in over 18months.

When the chicken littles are screaming that the sky is falling, thats the time I sharpen my pencil and start looking for things to buy.

I also made my biggest purchase in a while today, more gold through SAR. I don't think it is what you meant though

 

[MovingAverage]

Very interesting MovingAverage. Talk about catching a falling knife and winning

Is it some intra-day system you are using on these stocks that has been bought for such rapid gain ?

It’s a swing system with an average hold time of around 3 days. I developed it based on a few pretty common pullback methodologies. Setups are EOD but it’s intra-day insofar as that it will buy/sell intra-day and not open/close.