3309 Drysdale Ct
Edwardsville, IL 62025
Spy Pro - Quality over Quantity when it comes to trades. Please
keep the Spy Pro system Matt, but if there are sub subsystems that
you don't believe are improving the system (like you have mentioned
about the Strong Trend Shallow Pullback) then remove them . Keep up
the brilliant work that yourself and Steve do :o)
isplat - I appreciate your words of experience and wisdom. The
subject of leverage and margin are what I am studying now regarding
spread betting as I can see that there is a big difference between
buying shares and using margin to bet on pounds per points (a new
concept to me and hence the reason that I am using the demo account
Thanks again to all who have replied to my post.
Thanks for your reply ghunt74. Based on my research of UK
spreadbetting companies, IG Index is the (demo) platform that I am
now testing and so far I am very impressed. Thanks again for the
recommendation, and best of luck with your trading :)
Many thanks for the information Ray. I will check wth IB in the
UK and see what they say. I have spent much of today
researching spread betting after
isplat's post, and that may well be the answer
moving forwards. It does offer a few advantages over buying XIV
directly (no tax, longer trading hours) so I am using my broker's
Demo Spread Betting platform to learn before "going live" !!
Very constructive reply isplat - many thanks for that
Spread betting is not something I am familar with (yet !!)
but I will start researching it now as a solution. Can you
recommend any geared instruments that I should look at as similar
to XIV ?
Question for any BPT members that are UK residents : do any
members of BPT community trade the Spy Pro system signals from
the UK ? I have been for the last two years, and now understand
that a change in regulations (EEA) means that , as a UK resident, I
am no longer able to buy ETF's (SPY, UPRO & XIV) as from 4th
January this year. As you can appreciate, that is causing me a
major problem as I trade the SPY system via XIV exclusively. Has
any other BPT member in the UK encountered this problem, and if so,
have you been able to find a solution to trading the SPY Pro
signals from the UK. Any help would be appreciated.
I , for one, would love if you reported what all the individual
subsystems are doing (as I rate them so highly !) , and don't
believe that you need to revamp the Spy Pro section in order to do
this. You could just advise the members via the sticky notes in the
Community section of the relevant subsystem information (like you
do with the Trend Long one)without having to publish a list of the
trades in the Spy Section. That section can be kept exclusively for
the combined Spy Pro system as it is now. Just a thought .......
Hi Matt. I just want to add my support for the work that
yourself, Steve and the rest of the BPT team do for us subscribers.
I personally find the newsletters very comprehensive and
educational, especially compared to all of the previous financial
newsletter providers that I have subscribed to over the years. The
changes to the website are looking really good, and the Spy Pro
system that you offer as a free extra as part of the membership is
worth many times the subscription fee alone ! Keep up the
great work and I wish you and your family a speedy recovery from
your sickness bug.
Matt - as someone who trades XIV based on the SPY Pro signals, I
look forward to hearing the results of your findings and research
. All I can say is thank you so much for all your hard work
and continued effort with the systems and for sharing them
with us - you are a legend ! :o)
Matt - Excellent work with all areas of the SPY Pro system -
thank you so much for sharing it with us. Has there been any change
to the hard stop or is it still 250.43 ?
Excellent SPY Pro trade Matt especially using XIV , and best of
luck with your exams on Friday .
Hi Matt - looks great - does the breakout system close the trade
if the stop is hit intraday , or does it wait until the end of the
trading day to exit ?
Thanks for all your hard work and effort with these systems Matt
- pure genius - really looking forward to using the Breakout
subsystem with Spy
Thank you very much for posting your valuable research regarding
the XIV-VXX strategy with the SPY Pro signals. To clarify, when you
mention selling the fund at 4:00 instead of at the opening price,
do you mean selling the fund at the close of trading the day the
SPY Pro exits, or the day after the SPY Pro exits ? (Presumably
which ever option you have posted is the most successful according
to your research ?)
I currently buy XIV at the open when the SPY Pro goes long the
previous day (after the close) , and sell at the open the day after
the Spy Pro closes , but am happy to change this if your research
shows there is a more profitable way of doing this :o)
Also, are you basing your figures on going 100% long using a
single entry method (as I know Matt is currently using a 60:40 two
entry method if it pulls back after the first entry)
Just to echo the sentiment Matt that I am just glad your ok
after your incident with the deer. With regards the Spy Pro system,
is there an exit target in mind for today or may the system stay
long into Election results day tomorrow ?
Having all that detailed information about the particular Spy
Pro trade type in the newsletter is excellent - many thanks !
That would be excellent Matt - I'd love to know the statistics
for the individual trade types . Are you planning on including
the trade type name when you post the Spy Pro system trades in the
Just to echo what Ship said, I really appreciate all
that you and Steve do on this site.
They are both excellent systems Matt, and I would love if you
were able to share the ES trades with the members in the same way
as you do with the Spy Pro (which I trade), especially seeing how
it improves the annuals gains having the two systems
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!