Posted by falcon5678 on 11th of May 2011 at 02:33 pm
Matt, I have some new funds
available. Can I buy into the SPY since
it is below 134.50 or has the 'texture' of the market changed
such that new trades should not be made at this point in time (even
though existing longs should be held). Thanks
Matt - Question about new money
Market Analysis posts
Posted by falcon5678 on 11th of May 2011 at 02:33 pm
Matt, I have some new funds available. Can I buy into the SPY since it is below 134.50 or has the 'texture' of the market changed such that new trades should not be made at this point in time (even though existing longs should be held). Thanks
falcon
Posted by Michael on 11th of May 2011 at 04:27 pm
with price near the entry, you can absolutely enter now. I show that I'm still .55% positive as of the close, but still, if you aren't in, go for it.
The system is well defined.
Posted by ascr on 11th of May 2011 at 03:16 pm
The system is well defined. Matt will not give you discretionary advice on trading your "new money" related to this system.
If the price is at or below entry, go ahead and get in. Use your own risk tolerance as a guide for how much.