Posted by jlevinthal on 1st of Aug 2011 at 08:57 pm
Can you tell us if there is a very large statistical difference
if we buy the SPY on the next day opening following a SPY System
buy signal. It would make buying a long or selling a short a lot
easier with less end of day pressure
I'm not matt so I can't tell you anything specific about the
statistics, but YES there is a significant statistical difference
if you buy the next morning rather than at the close. That's
the reason for buying at the close and selling at the open --
because its statistically significant.
Meanwhile, what's the problem with buying after-hours?
There's no time pressure there. I have bought at least half
the signals after hours and overall its worked in my favor so
far. Certainly it makes more sense than waiting till the next
morning.
The problem is if you choose to trade options and you're
unavailable around 3:00. I understand Matt's point about this
being a SPY system, but I would like to know how much profit is
sacrificed if you buy MOO the morning following a signal.
Buying the SPY System on next day opening
Multi Entry System 3rd Long entry
Posted by jlevinthal on 1st of Aug 2011 at 08:57 pm
Can you tell us if there is a very large statistical difference if we buy the SPY on the next day opening following a SPY System buy signal. It would make buying a long or selling a short a lot easier with less end of day pressure
stats
Posted by riollano on 2nd of Aug 2011 at 08:10 am
go to: spy swing system, FAQ, entries/exits for the stats
they are significant...
Thanks, but those statistics are
Posted by algyros on 2nd of Aug 2011 at 08:38 am
Thanks, but those statistics are for just buying and selling the SPY, they're not for the SPY system.
buying on the open
Posted by Michael on 2nd of Aug 2011 at 07:53 am
I'm not matt so I can't tell you anything specific about the statistics, but YES there is a significant statistical difference if you buy the next morning rather than at the close. That's the reason for buying at the close and selling at the open -- because its statistically significant.
Meanwhile, what's the problem with buying after-hours? There's no time pressure there. I have bought at least half the signals after hours and overall its worked in my favor so far. Certainly it makes more sense than waiting till the next morning.
The problem is if you
Posted by algyros on 2nd of Aug 2011 at 08:10 am
The problem is if you choose to trade options and you're unavailable around 3:00. I understand Matt's point about this being a SPY system, but I would like to know how much profit is sacrificed if you buy MOO the morning following a signal.
I see. Matt should be
Posted by Michael on 2nd of Aug 2011 at 08:13 am
I see. Matt should be able to give you an idea, I know he tested it that way.
What's MOO got to do with it?
Market on open. I was
Posted by algyros on 2nd of Aug 2011 at 08:34 am
Market on open. I was trying to sound like I know what I'm talking about.
LOL.
Posted by Michael on 2nd of Aug 2011 at 08:41 am
LOL.
Excellent question.
Posted by algyros on 1st of Aug 2011 at 09:30 pm
Excellent question.