Disappointing Performance
I was quite disappointed with my performance, or lack thereof, on Friday. I should have taken my profits on my profitable $TZA positions. It matters not that this morning the futures point to what might be a lower opening. One of my goals is not to have any monthly drawdowns. It’s late enough in the month that I should just take the money and run.
2 Responses to Disappointing Performance
WOW! I get the impression you were a low-risk, longs-only guy…and here you are holding TZA over the weekend!
Sometimes our experience and subconscious trick us into doing things for reasons we cannot (consciously) imagine. Thank goodness. Nice hold.
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John, I’ve always been long short and always used leverage. Different degrees depending on my market outlook. I don’t use stops and I manage my risk using position sizing. I seldom risk more than 1/2% per position. I’ve also used volatility based indicators to manage entries, exits and risk. Mostly modified Bollinger Bands and some other weird chit.
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