I have a system that is longer term than my normal 1-5 min trading. Thought I might post the trading here as an ongoing record. I'll base it on a 1 mil paper trading account for this example.
Basic idea is a swing trading setup trading ASX 20 stocks but instead of selling to lock in profits and then triggering CGT or income tax the idea is to place hedges until another buy signal is triggered on the same stocks or the underlying index. Then removing the hedge to hopefully gain more upside.
No margin on the stocks but used for oppies & futs to gain the hedge positions. Will also add extra exposure from time to time in each direction if signals line up. For example if I was full invested at the recent XJO 5000 mark my system would of given a signal to hedge. Because my super duper never fail indicator gave such a "good" signal I would of went short 1.2 times my stock holding as an example.
First trades in forum tradition of all buy and holders is a hindsight from yesterday. 50% of funds invested for first trade.