Posted by jlevinthal on 6th of Mar 2012 at 05:55 pm
The system would be a made easier if trading was always on the
next day opening. Is there a way to determine how much the
statistics degrade if we were to always trade next day. It would
eliminate false alarms and last minute changes
I would be lying if I said I remember right off the top of my
head. Matt does address this in general in the detail pages
posted under the SPY section but I don't remember if he
specifically states what the difference was. It was better to
buy the close and this has been supported by other independent
research (by firms like Bespoke) but I cannot say "how much" at
this moment. A member could always institute that rule for
themselves and just always execute on the open instead of worrying
about getting in on the close. We have also had some "nail
bitters" in the past which you would be able to then avoid.
I will see if I can look into the stat difference.
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Posted by jlevinthal on 6th of Mar 2012 at 05:55 pm
The system would be a made easier if trading was always on the next day opening. Is there a way to determine how much the statistics degrade if we were to always trade next day. It would eliminate false alarms and last minute changes
I would be lying if
Posted by tom on 6th of Mar 2012 at 06:07 pm
I would be lying if I said I remember right off the top of my head. Matt does address this in general in the detail pages posted under the SPY section but I don't remember if he specifically states what the difference was. It was better to buy the close and this has been supported by other independent research (by firms like Bespoke) but I cannot say "how much" at this moment. A member could always institute that rule for themselves and just always execute on the open instead of worrying about getting in on the close. We have also had some "nail bitters" in the past which you would be able to then avoid.
I will see if I can look into the stat difference.