3309 Drysdale Ct
Edwardsville, IL 62025
No restrictions on AAZZF here (Schwab).
Thanks for the innovation and hard work, Matt. Those
should be very useful. I know there are scope creep
concerns, and this usually has high correlation with the S&P
500 (I believe), but DM ex-U.S. (e.g., VEA or SPDW) /or its two
main constituents, Europe (e.g., FEZ) and Japan (e.g., EWJ) would
be interesting, at least to me. That, along with EEM, would
cover most of the world. I remember that rundown you did of
all the country / regional ETFs and it was interesting.
FYI re the discussion of China stocks. Here is
Wisdomtree's emerging market ETF that excludes SOEs. Heavy
weightings in large Chinese tech names. At bottom of large
channel going back to pandemic low and at a decent support
Many thanks for everything on the systems.
What else is in your "no fail chart" toolkit?
Awesome, thanks. Appreciate all you guys do around
Great stuff, Matt. Thanks for all the great guidance.
BTW, this seems as good of a place as any to ask ... Steve
regularly tells us to have a plan, which I wholeheartedly agree
with. Especially in light of the frequency and significance
of that directive, it would be incredibly helpful to have a guide
or a video focused on trading plans. I appreciate that they
can vary widely, depending on style, and we have people doing
everything from scalping to just trading their 401(k)s here, with
everything in between. Putting some meat on what that means,
though, in terms of granular guidance, key elements, what degree of
granularity should be in the plan, and, especially, at least one
sample plan (not to be blindly followed, but to illustrate what
works for someone, etc.), would be a tremendous help to many, I'm
sure. Definitely me. (I know there are a ton of books
out there on establishing plans, but I've found many of those
reflect that particular author's style, and I'm curious what works
for you guys and what you recommend.)
Late to the party but I want to echo those compliments re the
interesting and educational content in last night's newsletter,
Steve. Thanks much.
Thanks, Steve -- appreciate it.
Matt or Steve, would you be able to take a look at emerging
markets one of these nights? Curious how you see the
technical picture and where DVTs are at. Thanks; appreciate
Can't find it now but thanks to the person who shared CLNE
yesterday. Setup looked great. Made 43% on the
position in one day, exiting at $13.83. Now in again.
Thanks for the systems trades and the updates, including giving
updates on both entries (SPY and the SPY option). If one was
options-constrained (e.g., in a tax-deferred account that didn't
allow option trading), would a leveraged ETF be a reasonable
substitute (with an appropriate stop)? I know the R/R profile
is, or can be, substantially different, and believe that in certain
systems/cases you have a third entry with a leveraged ETF. I
appreciate that some reversion to mean trades will just get crushed
in a crash scenario.
That's one thing I've always found tricky about multiple
timeframes. On the daily, it's just a retest of a breakdown
from the falling wedge that may or may not succeed. On the
weekly, it's a close within the wedge. I've found the higher
timeframes often are respected, but unless and until that occurs,
you are sitting there with a clear breakdown on the daily, and it's
then a question of how much leash to give it. Makes it tough
to define risk.
Thanks for the great system trade and all the updates, Matt.
Thanks for tracking that system trade, Matt -- pretty nice one
Alternatively stated, it broke through that downtrend line
I think that's been the story for the past 8 months or so if not
Agreed re the third entry on the old system.
Impressive. Thanks for the updates on the systems!
Thanks for all those updates on the systems while you're dealing
with contractors and other fun stuff with the flooding, Matt --
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