System Update: hosted by David Lee (Twitter ID: SimpleMoneyZone).
System Update: System is short now. We are close to the system stop again. Unfortunately, this is another false long start for the system since 09/30 EOD. System will make sure if the real long starts we will stay long as much as we can and leave asap if it is a false start.
All the live trades from September can be found in the following link:
Timing Model Update: (1) short-term top will be around 10/14/2022; (2) intermediate-term bottom will be around 10/20/2022. Timing model has no relevance to the system and anyone’s technical analysis.
PS: I am making some more improvements on system stop management. These improvements will help further cut the system max drawdown and reduce the number of stop outs while not decreasing the system overall performance. In particular, this can help us NOT to stop out 10/05/2022 intraday then chase EOD and help us stop out EARLIER at 10/07/2022 opening price then re-enter EOD. Unfortunately, past is the past. I will focus on the present. I will not make any adjustment until the next trade.
Disclaimer: Trading stocks involves high risks and you can lose money. You are responsible for your own investment decisions.