SAMPLE ALERTS - PAPER TRADES FOR TESTING PURPOSES!
Screaming Alerts for GOLD and S & P. Closed too early on Gold and Shorted too late on S & P. As a result I am neutral for the day. I was planing on going Long OIL using a channel bounce instead of waiting for the alerts.... Stupid mistake. Even though I had great entries on two (gold and s/p and neutral for the day).
Poor stop management on S & P. Otherwise, I would be positive for the day.
- This an example of how a news event can affect the markets and trading scenarios. This is where the alerts come to the rescue.
- I must improve and reaction time and forget about entering trades using channels. That is a no no. Wait for the Alerts. Simple.
- Consider scaling out of the positions vs. closing all of it at once. This is a matter of preference (looking back, it would have been nice). But, I prefer to cash in usually 2/3 of the position and ride the balance. Today, I just closed it all at once (gold).