I really missed your rants, raves and general bitching.
Sounds like you have a trading plan which is to follow the SPY
Signals and it sounds like your plan is rooted in our research, you
know because we are a research firm.
I didn't post the chart to say look how brilliant we are.
It wasn't the predominantly or likely pattern, Matt favored the
triangle which was one of the other charts I posted, but recently
the EW counts have gotten more negative and the H&S did have
some probability even if more muted. It was noted in past
Newsletters and again tonight because it is a pattern I will be
watching and think has validity.
So your posts begs the question why are you listening to the
Newsletters, reading non SPY emails and even engaging on the
General board and not just the SPY board if you only here for the
SPY Swing System? Or is that just part of your gameplan?
So what's been my trading gameplan? Since about late March
I have believed Sell in May and go away would be in vogue. I
also believed during that late April to October time frame we
wouldn't experience major downs but it would be just more of a flat
period. With that in mind my trades have been selling
downside puts on names when volatility rises to bring in
premium. Taking short term position/swing trades and lastly
if I did take a position either do so by just dipping my toe or by
being hedged.
I also have two more general rules which is I generally do not
play earnings and I don't like to trade during major news events
and tend to be hedged or flat until the event ends and then get
back in.
That is just an example of what I am doing. Right or wrong
it helps me to have a bias and then if my bias is wrong I have
levels where I will switch my bias on a stock or the market.
I also like to then balance my bias off Matt & Steve's and see
if we are sympatico or not and that could cause me to alter my
view. Just what seems to work for me. Hope that
helps.
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Title: click to read comments Oh
FYI - This week, no newsletter this Tuesday
Posted by tom on 2nd of Aug 2011 at 07:46 pm
Oh RM,
I really missed your rants, raves and general bitching. Sounds like you have a trading plan which is to follow the SPY Signals and it sounds like your plan is rooted in our research, you know because we are a research firm.
I didn't post the chart to say look how brilliant we are. It wasn't the predominantly or likely pattern, Matt favored the triangle which was one of the other charts I posted, but recently the EW counts have gotten more negative and the H&S did have some probability even if more muted. It was noted in past Newsletters and again tonight because it is a pattern I will be watching and think has validity.
So your posts begs the question why are you listening to the Newsletters, reading non SPY emails and even engaging on the General board and not just the SPY board if you only here for the SPY Swing System? Or is that just part of your gameplan?
So what's been my trading gameplan? Since about late March I have believed Sell in May and go away would be in vogue. I also believed during that late April to October time frame we wouldn't experience major downs but it would be just more of a flat period. With that in mind my trades have been selling downside puts on names when volatility rises to bring in premium. Taking short term position/swing trades and lastly if I did take a position either do so by just dipping my toe or by being hedged.
I also have two more general rules which is I generally do not play earnings and I don't like to trade during major news events and tend to be hedged or flat until the event ends and then get back in.
That is just an example of what I am doing. Right or wrong it helps me to have a bias and then if my bias is wrong I have levels where I will switch my bias on a stock or the market. I also like to then balance my bias off Matt & Steve's and see if we are sympatico or not and that could cause me to alter my view. Just what seems to work for me. Hope that helps.