Posted by redrider20 on 6th of May 2011 at 04:13 pm
Anyone who trades this type of system is going to have to
identify what type of draw-down level you are comfortable
with. Some people may be comfortable with say a 15%
draw-down, while others might be OK with 25%. That is the
question you are going to have to ask yourself, & only you can
answer that question. You will experience draw-downs with a
reversion to the mean type of trading system like this.
Sometimes you'll see big draw-downs & really big ones if you're
using leveraged ETFs like SSO. I trade with another guy who
utilizes a similar type of system. It works like a charm if
you have a good plan & remain patient. Figure out where
your comfort zone is & adjust your position sizing
accordingly.
One more tip: When volatility increases, maybe reduce your
position size. Also, moving from the single to the multiple
entry system during times of high volatility can help.
Posted by redrider20 on 2nd of May 2011 at 02:46 am
Looks like a great system. I was all in Friday with no
hesitation whatsoever. Matt & Steve are all class, &
I have the utmost confidence in their abilities and
integrity. This is one for the little guy. Not much of
that goin' around these days. Thanks Matt & Steve for
giving us BreakPointTraders such a tremendous edge with the new SPY
System. Hope the system does great & we can all make $
using it.
Quote from the movie Seabiscuit: "You see, when the little
guy doesn't know he's the little guy, he can do great big
things."
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CNBC also Reporting 131.73
131.70 close
Posted by redrider20 on 2nd of Jun 2011 at 04:06 pm
You Are Going To Have To Make An Important Decision
Posted by redrider20 on 6th of May 2011 at 04:13 pm
Anyone who trades this type of system is going to have to identify what type of draw-down level you are comfortable with. Some people may be comfortable with say a 15% draw-down, while others might be OK with 25%. That is the question you are going to have to ask yourself, & only you can answer that question. You will experience draw-downs with a reversion to the mean type of trading system like this. Sometimes you'll see big draw-downs & really big ones if you're using leveraged ETFs like SSO. I trade with another guy who utilizes a similar type of system. It works like a charm if you have a good plan & remain patient. Figure out where your comfort zone is & adjust your position sizing accordingly.
One more tip: When volatility increases, maybe reduce your position size. Also, moving from the single to the multiple entry system during times of high volatility can help.
Just a few suggestions to help take the edge off.
I Second That Sanrafael
SPY System
Posted by redrider20 on 2nd of May 2011 at 02:46 am
Looks like a great system. I was all in Friday with no hesitation whatsoever. Matt & Steve are all class, & I have the utmost confidence in their abilities and integrity. This is one for the little guy. Not much of that goin' around these days. Thanks Matt & Steve for giving us BreakPointTraders such a tremendous edge with the new SPY System. Hope the system does great & we can all make $ using it.
Quote from the movie Seabiscuit: "You see, when the little guy doesn't know he's the little guy, he can do great big things."