Returning to the recent discussion of opening a trend following position in cotton futures.
http://jc-trader.livejournal.com/29740.html
Dear worldcool wrote:
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I don’t know how things were going there in the future, but IMHO long is a little strange. But I also don’t exclude that you made money on it))
I will assume that the price has crept to 76, there I drowned and little by little crawled down. It would not have been better to short up?it is clear that no one knows the future, but how did your malech's trend tracking so to speak are late when almost all of the engine is already drawn.))
the system says the type can be bought. well, okay, I'll stupidly continue visually to the engine upstairs and now I'll wait for the end of the tops and there will be a shortcut. I personally don't see any sense to long when 3/4 the movements have already passed and exactly the opposite movement is about to begin))
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Time, as they say, judge — price crawled up to 76, and up to 77, and up to 78 do not stop. This is not what I am always right (I am wrong about 60% cases), and besides that you, worldcool , sometimes you can be wrong too. But not that, what was wrong in this case, but the fact that if you play on the system, then you must follow it without hesitation and attempts to `` improve" ее.
