Obviously the trade is not fun so far, but let's take a look at the current trade stats so far:

1st entry is down -2.16%

2nd entryis down -1.12%

3rd entryis down -0.64%

4th entryis even

And for the combined multi entry system, the position is down only -1.22%, or $100K would be $98,780

Those are not big numbers honestly.  Swing traders typically give 5 - 7% on positions. 

Of course psychologically it feels deeper than this with all the negative news doom and gloom.  Also remember this system is not a feel good system, it tends to buy when we don't feel like buying and sometimes it buys too early, and once in a while it loses a trade, but even the good trades it buys on dips when it doesn't feel right, it doesn't play momentum.

When I released this system, a lot of members asked me why trade the multi entry system because the total return using the same dollar amount is a lot lower, and why not trade SSO, or 3x ETF's, options, ES instead.

With this current trade you might now have a better understanding of why I included the multi entry system:  Trading is 95% mental, most people lose because of their emotion, not because they didn't know how to read a chart or indicator; their psychology gets in the way.  Therefore, even though the multi entry system makes less money over time, psychologically it's easier to trade because of the scale in factor.  

Also the system stats are built for trading SPY, which is a very slow mover, even the 1st entry if this current trade is only down -2.16%.  If you trade 2X and 3X ETF's or options, or leverage up, then the loss is magnified 2X,3X or much higher.  That's why I say, if you have a decent account size, why go hog wild with all the leverage, SPY is good enough - that applies if you have trouble with your risk tolerance accepting a 2% loss.  A -2% loss is small, but it's magnified if you traded 100% of your whole trading account in the system or used 2 times margin on just SPY.  

The SPY system stats are really good, but these are things to consider and you should still use proper money management - which means if all the money you have in your trading account is say $100K, don't put the WHOLE amount or $200K on margin in the system!  That's just not prudent money management with anything.

With this current trade, yes the way the market looks, it will likely take even more heat.  As far as the trade itself, it's still up in the air about whether it will be a winning or losing trade.  However looking back at the statistics, there's a decent chance that the 1st or second trades will be losing trades while the 3rd and 4th will be winning trades.  

We'll see I guess....