Getting ahead of myself

I should know better than to start from scratch with any trading plan. I have some proven medium term stuff that has served well enough for a launching pad that I really don't need to start all over again...but that is just what I did. That and I was playing with two plans (three if you count the daytrading) at the same time.

Sometimes I am my own worst enemy.

Then, in my exuberance, I entered some trades to do some testing in one plan. Exuberance or impatience... almost the same thing here.

The "plan" was a pre-packaged indicator "service" that I thought I would give a whirl. I had looked at it in the past and discounted the triggers as too scattered to be profitable in the long run. While I was sort of right, I see that I would have to select a fixed number of stocks to trade and use the indicator on those stocks for long AND short trades. I cannot short in my registered accounts so I can only play one side of the market and there are a lot, an awful lot, of whipsaws in the system. I am sure that it could work but the platform they use is slow and is not very flexible. No custom chart notations at all so I would end up having another package to do anything other than what the service provides.

That one boiled down to an attempt to provide "no-brainer" trade entries for a swing trade system. I can manage any number of ways to enter swing trades using standard charting, I just have not gotten back into it yet as I am having too much fun in day trading.

I won't go into any details about plan 2 and what I was trying as I think it has some serious merit but just needs a lot of work. Suffice it to say that one plan is along the lines of longer time frame sector rotation using ETFs and their relative mid term performance. I need to work on timing... and some serious number crunching. I know the theory is sound and this is a method that used to be used with certain types of managed funds in the past with good success.

Jeff.