samspiro- like I
said before, the system is what it is, I can't program news into
the system, so really it is what it is. Did I think that the
system was taking the best entry yesterday, no, but I took the
trade because I made a commitment to follow the system and that's
what I'm doing. I do it personally, but also if you read the
SPY system page 'real money' section, I take the trades along with
you guys for better or for worse, I have my money on the line with
you so that if the system loses, I will lose too. I'm not one
of these guys who sells a system and doesn't trade it himself.
Anyway decide what's best for you of course, you have to make
that decision on your own, and there is no guarantee that this
system trade will work out.
Also remember, this system is generally not a 'feel good' system
because it buys dips when you feel negative and bearish, and it
sells and shorts rallies when things seem good and positive. So in
effect most of the trades are not going to feel good
psychologically, though I concur that this current trade probably
feels worse then most.
samspiro- like I said before, the
SPY system long 7/28
Posted by matt on 29th of Jul 2011 at 11:05 am
samspiro- like I said before, the system is what it is, I can't program news into the system, so really it is what it is. Did I think that the system was taking the best entry yesterday, no, but I took the trade because I made a commitment to follow the system and that's what I'm doing. I do it personally, but also if you read the SPY system page 'real money' section, I take the trades along with you guys for better or for worse, I have my money on the line with you so that if the system loses, I will lose too. I'm not one of these guys who sells a system and doesn't trade it himself.
Anyway decide what's best for you of course, you have to make that decision on your own, and there is no guarantee that this system trade will work out.
Also remember, this system is generally not a 'feel good' system because it buys dips when you feel negative and bearish, and it sells and shorts rallies when things seem good and positive. So in effect most of the trades are not going to feel good psychologically, though I concur that this current trade probably feels worse then most.
spy system reply
Posted by samspiro on 29th of Jul 2011 at 11:14 am
matt, i agree. it is what it is. i was just wondering your take. it is a tough entry but right now it looks a lot better.