By the way, for any nervous nellies with the SPY system, and we've
had a lot of them, if you close out your trade right now, you would
be up +2.1% from the system launch on April 29th!
now this is only for the single entry system, the multi would still
be down
At the lows this morning the SPY short trade was up 7.2%,
getting closer to that one big losing trade we had.
of course the trade is not over, it will either close out better
or worse than this.
Also note, this trade has a
13.5% profit
target, so if that number is hit, the trade will close out.
Currently the 13.5% profit target for this trade would be a
price of
$105.04.This
can occur intra day, NOT just at the close of the day, but any
time. Therefore you can just set a GTC order for that
price
Figuring in the current single entry trade, which is still open
of course, my P/L turned positive today. This compared to SPY
ETF down 14.6% since 5 May, when I began using the system.
So, ok.
Matt no spy system shorts with all of your calling for a downward movement for a while?
Posted by drmolar on 21st of Sep 2011 at 04:35 pm
I don't understand your post,
Posted by matt on 21st of Sep 2011 at 05:47 pm
I don't understand your post, the SPY system is currently short.
By the way, for any
Posted by matt on 21st of Sep 2011 at 05:51 pm
By the way, for any nervous nellies with the SPY system, and we've had a lot of them, if you close out your trade right now, you would be up +2.1% from the system launch on April 29th!
now this is only for the single entry system, the multi would still be down
(-0.68) + 2.04 - 1.66 + 3.99 - 8.38 + 2.89 + 3.95 (current trade still open) = 2.15%
otherwise we'll see how this trade works out....
At the lows this morning
Posted by matt on 22nd of Sep 2011 at 10:24 am
At the lows this morning the SPY short trade was up 7.2%, getting closer to that one big losing trade we had.
of course the trade is not over, it will either close out better or worse than this.
Also note, this trade has a 13.5% profit target , so if that number is hit, the trade will close out.
Currently the 13.5% profit target for this trade would be a price of $105.04.This can occur intra day, NOT just at the close of the day, but any time. Therefore you can just set a GTC order for that price
Figuring in the current single
Posted by floyd on 21st of Sep 2011 at 09:49 pm
Figuring in the current single entry trade, which is still open of course, my P/L turned positive today. This compared to SPY ETF down 14.6% since 5 May, when I began using the system. So, ok.
how has it done for 2011? thanks
Posted by onoffon on 21st of Sep 2011 at 06:44 pm
onoffon - here's a pic,
Posted by matt on 22nd of Sep 2011 at 12:32 am
onoffon - here's a pic, single entry system is 10% for 2011 (if trade was closed out here)
I am not sure I
Posted by tom on 21st of Sep 2011 at 05:46 pm
I am not sure I understand your question. The SPY System is short and has been since 9/15 (see above). We also caught a short trade from 8/29-9/2.