Very interesting and a concept I agree with. Cherry
picking systems, thereby turning them into discretionary trading,
is almost always counter-productive.
Now, a question. Since the second buy signal in the
multi-entry scheme has a higher success rate than the only entry in
the single entry system, I wonder how it would work using options.
There are fewer trades, but would having a higher success
rate coupled with leveraging compensate for that?
Tom, it's an honor to have the same thoughts as you.
Unfortunately, it's doesn't look so good the other way
around. But maybe we can both figure out how to infuse some
option leverage into the SPY system while controlling risk.
And Tumbler, thanks for all your great ideas.
You just made my weekend! Now we just need to put Tumbler
back to work crunching numbers while you and I sit back and reap
the benefits of the system and his additional analysis!
Very interesting and a concept
Follow the system
Posted by algyros on 13th of May 2011 at 12:12 pm
Very interesting and a concept I agree with. Cherry picking systems, thereby turning them into discretionary trading, is almost always counter-productive.
Now, a question. Since the second buy signal in the multi-entry scheme has a higher success rate than the only entry in the single entry system, I wonder how it would work using options. There are fewer trades, but would having a higher success rate coupled with leveraging compensate for that?
I think we were basically
Posted by tom on 13th of May 2011 at 12:25 pm
I think we were basically having the same thoughts. Unfortunately for you I don't know if that makes you more or less intelligent! lol
Tom, it's an honor to
Posted by algyros on 13th of May 2011 at 01:42 pm
Tom, it's an honor to have the same thoughts as you. Unfortunately, it's doesn't look so good the other way around. But maybe we can both figure out how to infuse some option leverage into the SPY system while controlling risk. And Tumbler, thanks for all your great ideas.
You just made my weekend!
Posted by tom on 13th of May 2011 at 03:36 pm
You just made my weekend! Now we just need to put Tumbler back to work crunching numbers while you and I sit back and reap the benefits of the system and his additional analysis!
is matt out for a few more weeks?
Posted by onoffon on 13th of May 2011 at 03:50 pm
No no no, Matt was
Posted by tom on 13th of May 2011 at 04:08 pm
No no no, Matt was technically back today and catching back-up.
Multi-entry with options
Posted by tumbler on 13th of May 2011 at 12:18 pm
algyros - very interesting...hadn't thought about that. Will take a look at that over the weekend.