THE SHORT-TERM TREND IS DOWN, I HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, I don’t see the bottom line yet.
Bullish biased toward tomorrow for 2 reasons:
- VIX rose more than 24%, buy at close today and sell tomorrow at close, you have 88% chances for the last 2,000 trading days.
- 44 out 68 times (65%) a green day the next day after a Major Distribution Day.
As I was worried yesterday, the long position initiated by Cobra Impulse System yesterday was stopped out today with losses. I’ll review the algorithm to see if I could prevent such a losses in the future.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=14%; SDS=12%; UPRO=23%;SPXU=18% |
| Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
| Cobra Impulse |
08/17 L |
1.7*ATR(10) |
*Stopped out of long position with loss. |
|
| DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System) |
| TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
| SDS |
08/18/2011 |
$25.52 |
100 |
$22.46 |
|
|
|
|
| SSO |
08/17/2011 |
$42.60 |
50 |
$37.49 |
|
|
|
Not a new setup, just a buyback of 08/16 longs. |
| SSO |
08/16/2011 |
$42.82 |
50 |
$35.54 |
08/17/2011 |
$43.40 |
29.00 |
|
| SSO |
08/15/2011 |
$42.86 |
50 |
$35.14 |
08/15/2011 |
$43.26 |
20.00 |
|
| SSO |
08/11/2011 |
$40.16 |
50 |
$32.93 |
08/11/2011 |
$41.53 |
68.50 |
Position too small to split, could hold overnight. |
| SDS |
08/08/2011 |
$25.94 |
100 |
$23.61 |
08/08/2011 |
$26.58 |
64.00 |
Had to leave earlier today so sold too soon. |
| SDS |
08/04/2011 |
$23.13 |
100 |
$21.51 |
08/09/2011 |
$28.35 |
522.00 |
|
| SDS |
08/04/2011 |
$23.13 |
100 |
$21.51 |
08/04/2011 |
$24.00 |
87.00 |
|
| LAST |
|
|
|
|
|
|
2248.50 |
|
| SUM |
|
|
|
|
|
|
3030.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
