Larry,
I just want to say thanks for the PSAR system. I've finally found something that I can do, that doesn't disrupt my life, and that doesn't drain me of capital. I also have to say that using a variant of Joaron's prymiding in has had a lot to do with it too.
In my non-IRA trading account I have 7 positions and am fully invested. My total heat is now 0.28R. In the last month I'm up 2.4% and I've had a few stop outs along the way (IEF, mrk, ewh).
The IRA has done even better. I'm fully invested with 5 positions and 0.67R heat. In the last month I'm up 4.8%. It's probably helped that nothing has gotten stopped out in that account and that's just luck of the draw.
I chose to use 3ATR as my running stop. I know that's wider than you like but I'm really interested in staying with these trends as long as they'll go and I'm willing to give back a little to keep the keepers.
I've learned a lot on this list and from your weekly SMRs. I'm very appreciative.
h
Good to hear. There is certainly nothing special about Parabolic SAR. It’s just a way to catch trends without too much of your profit getting away. There is a myriad of other trend following strategies that would do just as well. The key is to catch something that’s trending. And that part is subjective. But so far, so good.