copycatbth - honestly $10,000K is probably too low of an amount
to trade the SPY with this system. Let's say the system made
10% in a year so you made $1000 on your $10K, however when taking
into account website membership fees you made no money for the year
since you are spending about 1000 a year in membership fees.
Yes the system can have years where it makes 50% or 80%, but
that's not the norm, the norm has been about 35% and there have
been quite a few years where the system made less: In 2005
the system made only 10%, in 2004 the system made only 15%, 2006
the system made 20%, even at 20% are only making 10% after your
membership fees. Again I think 10K is way too low to trade
the SPY adequately for this system.
You could use SSO or use margin, but you know how I feel about
that, I don't support it and I don't think people should be using
margin because they get into trouble with it.
Posted by copycatbth on 23rd of Oct 2011 at 12:27 pm
Hi Matt,
Thanks for the input (on 10k being to small amount) and for the
10% rule you added. I wanted to keep going with your SPY system,
but I was wondering if it was worth another 600 dollars to
continue.
I apologize for adding the BPT membership into my calculations.
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copycabth - 10,000 is not enough to trade this system!
SPY System Performance vs. Market since first trade
Posted by matt on 22nd of Oct 2011 at 02:38 am
copycatbth - honestly $10,000K is probably too low of an amount to trade the SPY with this system. Let's say the system made 10% in a year so you made $1000 on your $10K, however when taking into account website membership fees you made no money for the year since you are spending about 1000 a year in membership fees. Yes the system can have years where it makes 50% or 80%, but that's not the norm, the norm has been about 35% and there have been quite a few years where the system made less: In 2005 the system made only 10%, in 2004 the system made only 15%, 2006 the system made 20%, even at 20% are only making 10% after your membership fees. Again I think 10K is way too low to trade the SPY adequately for this system.
You could use SSO or use margin, but you know how I feel about that, I don't support it and I don't think people should be using margin because they get into trouble with it.
Hi Matt, Thanks for the input
Posted by copycatbth on 23rd of Oct 2011 at 12:27 pm
Hi Matt,
Thanks for the input (on 10k being to small amount) and for the 10% rule you added. I wanted to keep going with your SPY system, but I was wondering if it was worth another 600 dollars to continue.
I apologize for adding the BPT membership into my calculations.