nice to know that some of you got better fills after the market
close. I did a combination, I bought some SPY about 5 second
before the close, but I also took some after hrs for a better
price.
I didn't do any leveraged funds like SSO or options, I only
bought SPY. My plan is to use the leveraged instruments on
multiple entries like the 2nd, 3rd, or 4th. I looked back and
every 4th entry was always profitable, so maybe I would do options
or ES on the 4th entry if this ends up being one of those
times.
In the email that I sent out this morning, I said to check the blog
and SPY page during the day. If a change would have occurred,
then I would have posted it, since there was no change, that's why
I didn't post anything. So in the future if I don't say
anything, then the price is the same.
skyfish -- I think the idea is that whatever is on the sticky
post at the top of the blog is valid until it is changed.
We're below the close right now, so buy if you didn't.
guys stop asking, I said that I would say something if price
changed, because I never said anything, then assume no change.
If I don't say
anything, nothing has changed. You waste blog space by
constantly asking the same question
I'm kind of rooting for the system to go long since I think it
may get a nice trade out of it. As we know the system is good
at hitting 'Singles' like in baseball for a quick trade. But
we'll see I guess
Posted by emcdonald on 3rd of Jun 2011 at 09:40 am
Well Matt what do I do now. I saw where the system said
buy below 131.83..so I did. The only thing I can figure is
the spy blog was not refreshing because at 3:55 it still said
131.83. Let me know what you would do now. Thanks.
?? Why didn't you check the SPY page yesterday near or
after the close, it says
June 2nd, market
close:No trade today
--------------
The SPY System currently has no
position, it is 100% in cash waiting for the next trade. The
last position was a Long which was closed out on May 31st on the
open (for a nice profit), that was entered on May 23rd at the
close. See the trade history for record of this trade.
The SPY blog also doesn't auto refresh
as far as what to do know, you have to manage this on your own.
I'd set a stop somewhere you feel comfortable with. But
I cannot legally advise you what to do. You have to make that
decision on your own. I'm not a registered investment
advisor
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SPY system today
Posted by matt on 3rd of Jun 2011 at 09:31 am
June 3rd:
The SPY System entered a new long position today at the close.
The Single entry version entered a 100% position and the Multi entry version entered a 40% Long position.
Of course traders should handle all triggers however they best see fit.
Easy fill after hours
Posted by cooksbay on 3rd of Jun 2011 at 07:19 pm
I was in a meeting until just before 4pm. Only saw the text/email in heavy traffic. Decided not to try to pull over and make the trade.
Got home about 5pm. Checked out bpt.com and current SPY price. Put in the order and got filled at 130.30 in a few seconds.
It's good to know that this is easy to do and there is no need for the panic and anxiety that many of us were feeling when the system started up.
Thx for your patience, Matt!
nice to know that some
Posted by matt on 3rd of Jun 2011 at 09:58 pm
nice to know that some of you got better fills after the market close. I did a combination, I bought some SPY about 5 second before the close, but I also took some after hrs for a better price.
I didn't do any leveraged funds like SSO or options, I only bought SPY. My plan is to use the leveraged instruments on multiple entries like the 2nd, 3rd, or 4th. I looked back and every 4th entry was always profitable, so maybe I would do options or ES on the 4th entry if this ends up being one of those times.
I'm in. No one on
Posted by skorheim on 3rd of Jun 2011 at 04:33 pm
I'm in. No one on this Blog is smarter than a 90% return. I'm trusting Matt and the system.
I'm in, too
Posted by dallassteve on 3rd of Jun 2011 at 06:27 pm
I'm excited about the system. Thanks!
trigger update
Posted by skyfish on 3rd of Jun 2011 at 03:58 pm
no update since 9:31am. If you sent something, I did not get it. Still a buy?
In the email that I
Posted by matt on 3rd of Jun 2011 at 04:32 pm
In the email that I sent out this morning, I said to check the blog and SPY page during the day. If a change would have occurred, then I would have posted it, since there was no change, that's why I didn't post anything. So in the future if I don't say anything, then the price is the same.
skyfish -- I think the
Posted by Michael on 3rd of Jun 2011 at 04:08 pm
skyfish -- I think the idea is that whatever is on the sticky post at the top of the blog is valid until it is changed. We're below the close right now, so buy if you didn't.
close enough for me!!! thank
Posted by cal1 on 3rd of Jun 2011 at 03:57 pm
close enough for me!!! thank you!!!!
Sweet!
Posted by pebs on 3rd of Jun 2011 at 04:00 pm
Sweet!
LOL! Your going to nail
Posted by oreo on 3rd of Jun 2011 at 03:42 pm
LOL! Your going to nail it again Matt! Amazing how close to the closing price your levels have been.
Is the trigger still "below $130.71?"
Posted by CopperMtn on 3rd of Jun 2011 at 03:35 pm
Good question, is that still
Posted by ditch on 3rd of Jun 2011 at 03:52 pm
Good question, is that still the trigger? $131.71
YES...below 130.71
Posted by diablo4 on 3rd of Jun 2011 at 03:56 pm
YES...below 130.71
guys stop asking, I said
Posted by matt on 3rd of Jun 2011 at 03:54 pm
guys stop asking, I said that I would say something if price changed, because I never said anything, then assume no change. If I don't say anything, nothing has changed. You waste blog space by constantly asking the same question
I'm kind of rooting for
Posted by matt on 3rd of Jun 2011 at 11:56 am
I'm kind of rooting for the system to go long since I think it may get a nice trade out of it. As we know the system is good at hitting 'Singles' like in baseball for a quick trade. But we'll see I guess
agree Matt but only if we go to new lows on the day and then close on or near those lows.....
Posted by marketguy on 3rd of Jun 2011 at 12:06 pm
Me too. A lot of
Posted by cw12 on 3rd of Jun 2011 at 12:00 pm
Me too. A lot of bearishness out there; big part of it is due to the end of QE2. But dips are buying opportunities until the trend changes.
spy system
Posted by emcdonald on 3rd of Jun 2011 at 09:40 am
Well Matt what do I do now. I saw where the system said buy below 131.83..so I did. The only thing I can figure is the spy blog was not refreshing because at 3:55 it still said 131.83. Let me know what you would do now. Thanks.
?? Why didn't you check
Posted by matt on 3rd of Jun 2011 at 09:44 am
?? Why didn't you check the SPY page yesterday near or after the close, it says
June 2nd, market close:No trade today
--------------
The SPY System currently has no position, it is 100% in cash waiting for the next trade. The last position was a Long which was closed out on May 31st on the open (for a nice profit), that was entered on May 23rd at the close. See the trade history for record of this trade.
The SPY blog also doesn't auto refresh
as far as what to do know, you have to manage this on your own. I'd set a stop somewhere you feel comfortable with. But I cannot legally advise you what to do. You have to make that decision on your own. I'm not a registered investment advisor