10/12/2011: Multi Entry System 2nd Short Entry Notification
If SPY closes at or
abovethe price of
$121.97, the SPY swing system will add a 2nd
entry of 20% to its current 40% stake for a total position size of
60% of allocated capital.
yep it would have for sure today, over time we'll see. My
intra day ES version of the system does that, but it has to be run
via computer automated.
Otherwise for this current trade, the system is only looking to
keep it for a short term trade, so if the market sold down good for
2 - 4 days, it may exit for a small profit, we'll see what
happens...
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Spy Swing System Alert
Posted by tom on 12th of Oct 2011 at 12:44 pm
10/12/2011 : Multi Entry System 2nd Short Entry Notification
If SPY closes at or abovethe price of $121.97, the SPY swing system will add a 2nd entry of 20% to its current 40% stake for a total position size of 60% of allocated capital.
The SPY hit a high
Posted by matt on 12th of Oct 2011 at 03:50 pm
The SPY hit a high of 122.14 intra day, oh well doesn't look like it will be taking the second short today after all.
Shorting SPY above 121.97 would have
Posted by yojimbo on 12th of Oct 2011 at 05:06 pm
Shorting SPY above 121.97 would have given a nice daytrade. This strategy was discussed here a few months ago (?June).
yep it would have for
Posted by matt on 13th of Oct 2011 at 01:52 am
yep it would have for sure today, over time we'll see. My intra day ES version of the system does that, but it has to be run via computer automated.
Otherwise for this current trade, the system is only looking to keep it for a short term trade, so if the market sold down good for 2 - 4 days, it may exit for a small profit, we'll see what happens...