This turtle is not one of the other turtles that you might have heard about. By the way, turtletrader.com is a great site.

This quote from turtletrader.com defines my system nowadays:

If you trade on a definite trend following loss limiting-method, you can [trade] without taking a great deal of time from your regular business day. Since action is taken only when certain evidence is registered, you can spend a minute or two per [market] in the evening checking up on whether action-taking evidence is apparent, and then in one telephone call in the morning place or change any orders in accord with what is indicated. [Furthermore] a definite method, which at all times includes precise criteria for closing out one's losing trades promptly, avoids...emotionally unnerving indecision.
Richard Donchian

$34 broken on QQQ for the downside. I am happy about that. Now seems to be the time to short the rallies.

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