To Pascal and Billy,

The recent comments from Dr Alexander Elder below ring very true for me and probably explain the performance of the Robot's recently IMHO.

It could be a strong temptation to adjust the Robots to try to mitigate the problems of this type of volatile market I know, but for me I hope you resist the temptation.

My answer is to trade much smaller until trending markets resume but I am open to any alternative comments.

Trev

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There is one very important reminder to keep in mind as you watch and trade
this very volatile current market. The stock market keeps conditioning huge
masses of people to act in the same way – and when the majority learns that
way the market changes its tune, leaving the majority in the dust. From
August of 2010 through May 2011 the market trained us to be trend-followers.
You had to buy, and if the market went down you had to hold and the market
would rally again and make you whole. After the majority got trained in
trend-following, the market switched its tune. It has become very volatile.
Seemingly powerful moves do not continue but reverse the next day. The only
people consistently making money these days are day-traders. That’s what I
have doing for the past couple of month while chuckling at myself that after
all my railing against day-trading in previous years here I am, doing it
myself. Well, I am reminding myself – and you as well – that when the bull
market resumes the way to make money will again be by trend-following. Do
not forget or discard your old skills and methods. When they stop working,
just put them on a shelf for the better days ahead.
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