I lost 300+ from shorting Goldman Sachs again as you can see from My Portfolio . Before the market opened, we all knew that all other oversea markets had good rallies. My instinct told me not to short. But mystem generated a short signal. My experience told me that my system always beats my instincts hands down. So I did not hesitate to take the trade. Well, the result is that my instinct was correct and my system just generated a false signal. This one example does not invalidate my system at all.
A good system might generate false signals 50-60% of the time. But when it generates a good signal, it will give you a winner that is multiples of a loser. That is how we make money here. It is OK to be wrong.
I opened a long position in AAPL. I am closely watching X for a short entry. BTW, GS is not a loser for the longs.
Have a good weekend!
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