and even on an uptrend if it goes down 5% in a couple of days after you buy then you lose the 5% plus the brokerage costs each time. also not forgeting that overnight on a big selloff your 5% may end up being 10% even on a big trading stock.
if you hav used your system in January you would be been killed. even worse if you dip your feet back in only get spat out again the next day or 2. if you run a 5% traling stop loss you of course will have more wins than loses but you will get killed on your brokerage fee. basically you will be like a gigalo...in out..in out...
but hey.. if the system works for you stick to it....its just not my system.
in all honesty duncan, i have seen and spoken to literally thousands of people who have their own system...i can tell you most have no idea whatsover....the problem is when they are making money they convince themselve that their system works because they are making money, either on paper or otherwise. that can be a dangerious thing. however i will acknowledge that with your system this week (joke) minimises your losses so you your risk or suffering big hits are reduced..that is far better than riding something down in the sheer hope it will turn around.
anyway.. my investments didnt suffer the carnage of some of the aussie stocks did. i also acknowledge i wont make the unbeleivable gains that some investors do in buying the aussie speccys.
anyway.. this is about nzo and even though i am biased towards the stock i believe i have good reason to be...
expect another volatile week in the market and many more stop loses to kick in