Hello everyone, I've made some
important changes/improvements to the SPY Swing Trade system.
Please take the time to review and watch the very detailed video
included in this newsletter.
Posted by copycatbth on 25th of Nov 2011 at 10:57 am
I think there is quite a group(me included) that just
follow the system and don't feel the need to post since we can't
add much, but a Hooray or a Darn it.
Posted by poohnana on 14th of Nov 2011 at 01:01 pm
Thanks again Matt for all your hard work and sharing with us.
You are more than generous- definitely a class act!!!
Wish i could find a money manager with your integrity.
Posted by freeswim on 12th of Nov 2011 at 05:46 pm
Matt, Just viewed your SPY System news letter and I really
appreciate the continued improvements on the system. Your
changes all look reasonable, but of course I had a couple of
questions about how these changes affect the trade history and
equity graph. In the past, you have posted the Trade History,
Tradestation Performance Summary and selected examples. Can
you do this again for the improved system? Thanks for the
help.
Posted by fishbait on 19th of Nov 2011 at 09:24 am
I agree. We need new Trade history and Statics report. The ones
on this web site now are of no value. To leave the old
system reports on the web site is false advertising. Because they
have re-programmed the computer we have no idea what to expect.
They gave us 260 trade stats, but the old ones have over 400 for
the multi entry system. We need 16 years of trade stats from trade
station on this reprogrammed system.
Yes I will be updating the statistics and write ups on the SPY
section when I have time. However since system is not open to
the public, it's not a huge priority right now. Plus as Tom
states, only about 3 - 4 traders were affected
again, I will update the statistics, FAQ, charts, and
description page eventually, but for now it's NOT false advertising
because again, it's not open to the public for signup and I have
been very clear about what I have done with the system all along
with newsletters, videos, writeups etc.
the fact that there are no posts here, tells me that no one is
in this trade anyway.
I'm still in the trade too. I've committed only a
reasonable amount to the system, so I don't get stressed, and I
don't feel the need to post anything (usually!). I just take
the signals and do the trades. Thanks for the hard work and
the 10% guarantee!
Posted by stockjock34 on 21st of Nov 2011 at 05:35 pm
I don't understand. Aren't we supposed to stay in the
trade until we get an alert - buy to cover? I didn't watch
the video, would rather just mindlessly follow the system. I
expect an alert when it is time, please correct me if I am wrong.
Oh yea, I'm still in deep! You have not given me a signal to
sell yet! I'm in the single entry, so still a little under water,
but hangin in here with you Matt!
Matt, I'm still in. Just treat discretionary trading and system
trading separate. Don't let system signals affect your
discretionary trades, and vice versa. That's the key imo.
I believe when Matt was looking at the recent changes it
affected somewhere around 3-4 trades (he may or may not have
mentioned this in the video/write-up). Being that one of the
changes is a stop it will affect the severity of a trade but not
the trade entry itself and then the parameters changing some of the
core entries are so very rare that it affects a small amount.
I think Matt can load a secondary results for members to review
but I personally want the author of a system to never change what
was posted when I first start following and then when/if changes
are made just start following based on the changed parameters going
forward. You seem to say leaving the results up is false
advertising but I couldn't disagree more, what would be devious is
if we changed the system every week or month and took DOWN the
results showing bad trades and all of a sudden had this new history
that didn't show some trades that actually happened.
Anyway, I would look at this more as 95-99% of the system is
still the same and this was just a small change on the
periphery. The root and philosophy remains the same.
Lastly, then knowing how much it affects things in the future is
only something you can watch and track to know.
freeswim - In Matt's video, he shows trade examples going
back to June 2006. These examples are almost identical to the
ones in the SPY Section. Watch the video from 5:58 to 6:35
(it moves quickly - hit pause if necessary). Hope this helps
a bit.
Thanks for update . It has been a rough ride but I believe in
the Long term results of the system and appreciate recent
improvements and your integrity with the 10% return on fee charges
as well. Once the market returns to more normal trading ( not so
extreme news driven) I believe the results will improve. Thanks
again for all your extra efforts and patience with this
project.
Posted by fishbait on 12th of Nov 2011 at 11:27 am
Thanks for the hard work. Could you please post all the new
system trades in a excel sheet so I can back test my own stoploss
rules. Or maybe just tell me which trades have changed and just
those results.
When will this new system start? Do I use the new
entery point on the current trade or just wait until the next trade
to start the new system.
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IMPORTANT - SPY System Newsletter
Posted by matt on 12th of Nov 2011 at 01:41 am
Hello everyone, I've made some important changes/improvements to the SPY Swing Trade system. Please take the time to review and watch the very detailed video included in this newsletter.
Newsletter For The SPY Swing Trade System
Also still in...
Posted by copycatbth on 25th of Nov 2011 at 10:57 am
I think there is quite a group(me included) that just follow the system and don't feel the need to post since we can't add much, but a Hooray or a Darn it.
But since I'm here....Hooray! (and thanks!)
Thanks again Matt for all
Posted by poohnana on 14th of Nov 2011 at 01:01 pm
Thanks again Matt for all your hard work and sharing with us. You are more than generous- definitely a class act!!! Wish i could find a money manager with your integrity.
SPY CHANGES
Posted by ihbdsb on 14th of Nov 2011 at 06:20 am
Matt---Thank-you very much for your continued effort to improve a wonderful system -!
SPY Improvements
Posted by freeswim on 12th of Nov 2011 at 05:46 pm
Matt, Just viewed your SPY System news letter and I really appreciate the continued improvements on the system. Your changes all look reasonable, but of course I had a couple of questions about how these changes affect the trade history and equity graph. In the past, you have posted the Trade History, Tradestation Performance Summary and selected examples. Can you do this again for the improved system? Thanks for the help.
Trade history
Posted by fishbait on 19th of Nov 2011 at 09:24 am
I agree. We need new Trade history and Statics report. The ones on this web site now are of no value. To leave the old system reports on the web site is false advertising. Because they have re-programmed the computer we have no idea what to expect. They gave us 260 trade stats, but the old ones have over 400 for the multi entry system. We need 16 years of trade stats from trade station on this reprogrammed system.
Yes I will be updating
Posted by matt on 21st of Nov 2011 at 11:00 am
Yes I will be updating the statistics and write ups on the SPY section when I have time. However since system is not open to the public, it's not a huge priority right now. Plus as Tom states, only about 3 - 4 traders were affected
again, I will update the statistics, FAQ, charts, and description page eventually, but for now it's NOT false advertising because again, it's not open to the public for signup and I have been very clear about what I have done with the system all along with newsletters, videos, writeups etc.
the fact that there are no posts here, tells me that no one is in this trade anyway.
I'm in. Another part of
Posted by ascr on 23rd of Nov 2011 at 12:03 pm
I'm in. Another part of the *usually* silent majority.
I'm still in the trade
Posted by trip on 22nd of Nov 2011 at 10:14 am
I'm still in the trade too. I've committed only a reasonable amount to the system, so I don't get stressed, and I don't feel the need to post anything (usually!). I just take the signals and do the trades. Thanks for the hard work and the 10% guarantee!
yes, me 2
Posted by tsurplus on 23rd of Nov 2011 at 12:40 am
and me :-)
Posted by biketastic on 23rd of Nov 2011 at 08:56 am
i'm still in
Posted by rharvey on 22nd of Nov 2011 at 06:53 am
i'm still in
Hey Matt in am in the trade also and plan to follow whenever it gives a exit signal
Posted by kattap on 22nd of Nov 2011 at 01:28 am
hey matt -- I'm still
Posted by Michael on 21st of Nov 2011 at 10:30 pm
hey matt -- I'm still in this trade, never second guessed it. We'll see where it ends up, but just saying...
why wouldn't i be in?
Posted by stockjock34 on 21st of Nov 2011 at 05:35 pm
I don't understand. Aren't we supposed to stay in the trade until we get an alert - buy to cover? I didn't watch the video, would rather just mindlessly follow the system. I expect an alert when it is time, please correct me if I am wrong.
By the way, I'm long
Posted by Jim on 21st of Nov 2011 at 04:03 pm
By the way, I'm long an inverse fund so I would sell to close out the trade
Oh yea, I'm still in
Posted by Jim on 21st of Nov 2011 at 03:54 pm
Oh yea, I'm still in deep! You have not given me a signal to sell yet! I'm in the single entry, so still a little under water, but hangin in here with you Matt!
Matt, I'm still in. Just
Posted by cw12 on 21st of Nov 2011 at 03:07 pm
Matt, I'm still in. Just treat discretionary trading and system trading separate. Don't let system signals affect your discretionary trades, and vice versa. That's the key imo.
Still in and liking the
Posted by jgoot on 21st of Nov 2011 at 01:57 pm
Still in and liking the action today/last week. Skipped the 2nd entry and got in again on the 3rd and 4th. Overall trade is a winner for me now.
I'm still in, and much
Posted by alefhand on 21st of Nov 2011 at 12:40 pm
I'm still in, and much happier today!
i am still in too
Posted by madaneag on 21st of Nov 2011 at 11:45 pm
i am still in too
I believe when Matt was
Posted by tom on 21st of Nov 2011 at 07:33 am
I believe when Matt was looking at the recent changes it affected somewhere around 3-4 trades (he may or may not have mentioned this in the video/write-up). Being that one of the changes is a stop it will affect the severity of a trade but not the trade entry itself and then the parameters changing some of the core entries are so very rare that it affects a small amount.
I think Matt can load a secondary results for members to review but I personally want the author of a system to never change what was posted when I first start following and then when/if changes are made just start following based on the changed parameters going forward. You seem to say leaving the results up is false advertising but I couldn't disagree more, what would be devious is if we changed the system every week or month and took DOWN the results showing bad trades and all of a sudden had this new history that didn't show some trades that actually happened.
Anyway, I would look at this more as 95-99% of the system is still the same and this was just a small change on the periphery. The root and philosophy remains the same. Lastly, then knowing how much it affects things in the future is only something you can watch and track to know.
freeswim - In Matt's video, he
Posted by yojimbo on 13th of Nov 2011 at 10:05 am
freeswim - In Matt's video, he shows trade examples going back to June 2006. These examples are almost identical to the ones in the SPY Section. Watch the video from 5:58 to 6:35 (it moves quickly - hit pause if necessary). Hope this helps a bit.
Thanks for update . It
Posted by dom4411 on 12th of Nov 2011 at 03:39 pm
Thanks for update . It has been a rough ride but I believe in the Long term results of the system and appreciate recent improvements and your integrity with the 10% return on fee charges as well. Once the market returns to more normal trading ( not so extreme news driven) I believe the results will improve. Thanks again for all your extra efforts and patience with this project.
new system results
Posted by fishbait on 12th of Nov 2011 at 11:27 am
Thanks for the hard work. Could you please post all the new system trades in a excel sheet so I can back test my own stoploss rules. Or maybe just tell me which trades have changed and just those results.
When will this new system start? Do I use the new entery point on the current trade or just wait until the next trade to start the new system.