Posted by burkmere on 13th of May 2011 at 12:12 pm
The SPY System seems to be about probability. It's high
probability trading. What I especially am impressed about is
that even with the drawdowns, particuarly if you use the
multi-entry system, the greatest loss out of approx. 260 trades is
1.3%!! So, it helps out psychologically, too, to know that
you can scale in at lower prices and out of the losses (less than
4% of the trades in the multi-entry) the highest is 1.3% and I
believe the average is less than half a percent.
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Posted by burkmere on 13th of May 2011 at 12:12 pm
The SPY System seems to be about probability. It's high probability trading. What I especially am impressed about is that even with the drawdowns, particuarly if you use the multi-entry system, the greatest loss out of approx. 260 trades is 1.3%!! So, it helps out psychologically, too, to know that you can scale in at lower prices and out of the losses (less than 4% of the trades in the multi-entry) the highest is 1.3% and I believe the average is less than half a percent.