Figured I’d better post here lest this thread die a slow death.
Nothing at all to report.
Now the markets are waiting for something ELSE to happen.
I don’t actually ever recall sitting on positions this long to be honest. Not with this trading system anyway. Real PIA. And because I’m short: it’s costing me money.
One thing that may be worth noting at this point though:
Thanks to these two oversized positions (which frankly I don’t see closing at a profit unless these markets tank pretty substantially) it has become extremely apparent to me that you cannot trade multiple instruments if you are not using some method to normalize the position sizes across the instruments. What will happen is simple: and instrument that is more volatile will make a bigger profit or loss. Less volatile instruments the contrary. End result: the more volatile instruments will exacerbate profits or losses.
Moreover (and something I really didn’t think about until now):
My theory of keeping these two big positions open and simply saying that instead of opening new positions on other instruments I would simply compensate for my fuckup by increasing the risk on these two big positions is the same thing. It’s not. Because these two positions are bigger than they should be: if they close out at losses (which at this point seems to be a very likely scenario) they will wipe out most, if not all, of any profits that I’ve made this month (and there have been some on other instruments). Which again demonstrates the validity of my point made in the previous paragraph and not to mention implementing risk based position sizing and concentrating on what you’re doing.
Anyway. This is both frustrating and infuriating (positions going nowhere). Also for sure and once again goes to show the difference between doing this full time (and having nothing else to do to boot) and doing it part time. For the past few years and part time: trading has been pretty much “set and forget”. Check what’s going on before the close (or even the next morning) and chill about it. But now sitting and watching and waiting and with baited breath: not the way to trade this trading system that is FOR sure.