I'M SORRY PEOPLE!!!
I closed the positions!!! Sorry!!!
About an hour ago I was a few USD shy of $50K - and I just figured that I've lost so much since starting out - that I at least deserved this!!! To be honest - it will be the first time I've been able to take out some serious money and be able to pay some bills from my trading. Of course - I now have LLLOOOOOAAAADDSSSS of margin to start again with so - if anybody is interested - I'll start again - and keep posting the progress - although I don't think it will be as 'explosive' as this round.
One thing I do think would have stood me in good stead was to flip to the four hour charts for the positions that I had open - get out when the four hour reversed - and then get back in on the daily again when a new PSAR signal (or dot) appeared. I don't know if that makes sense but I did start to notice that on some of the positions the four hour charts gave me the sense that some of these positions were 'teetering' on a reversal.
Sorry - I really did want to prove PSAR to its logical end - but $50K is nothing to be laughed at. Why does that statement not make me feel good!!! Would a 'professional' trader have done what I just did???
Dale.
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