yea it is nasty on paper. i use an aggregate position, and i position size in a way that i add heavily at very serious support levels. at the end of that trade i sold of the position receiving an overall profit, which is in the above. i set up two accounts a long time ago when you were allowed to do it freely. it was done at a time so that i could survive shocks to my margin, and it saved me a few times. do you mean do i hedge against the two accounts, ie put in opposite entries? in that sense no, they both work together. i used to trade around my losses, ie "force entries" however ive stopped doing that. i have a range of things i follow in no order of importance:
1. chande's momentum
2. macd
3. rsi in a small way
4. a price oscilliator
5. then i look for confirmations in support and resistance. i dont trade it if i dont see all these coming together for a reversal.
6. i look for particular psychological movements in the price
7. moving averages, statistical changes, stocks above averages, etc.
thats basically it, i look at FTSE, DJIA, S&P 500, gold and oil and try to analyse them together based on a combination of the above. then something springs in my head telling me to buy or sell which usually overrides all of the above.. haha. like a puzzle that comes together. it seems so easy to explain how i trade, yet its so hard to put it on paper. amazing.
lastly, of course, i listen to CNBC's Cramer every night
"I would have a million dollars by now if id have listened to CNBC, provided id have started with 100" - Jon stewart im sorry i had to put that in on a more serious note, i spend more time looking at the US market then the Australian market. at the moment ive found that the volatility is greater in the overnight swings than the daily. there is a post somewhere where i outline my trading day. it has no structure lol.
