Regarding the SPY Pro system - if you are following the scaleout
version, the 3 scaleout prices are:
- 20% at $179.13,
- 20% at 181.79
- 20% at 185.34
of course that's if it gets a chance to hold that long - once
price closes over the 8 day MA, the system will decide to ether
exit the trade or hold it depending on what the trending indicators
look like.
for those scalout prices, it's best to just put GTC sell limit
orders in now at those prices, that way they will automatically
execute for you - don't wait for me to send an email because by the
time I write an email and sednd it out, 5 -10 min will have past
and the price will have moved - so just place your GTC sell limit
orders now and let them do the work for you
kamran- first off
be careful using 3X leveraged ETF's, don't over margin yourself-
too many people get into trouble with leveraged ETF's, while
the gains will be 3X so will the loses and if you use margin on top
of it, that makes it worst. For example if someone places
100% of their account into a trade and used the 2X overnight
margin, and the bought a 3X ETF, they would have 6 times the
leverage of the 1X ETF, so if the system took a small 3% loss, it
would be 18% under this scenario
anyway regarding the 8 day SMA - when price closes over that as
I stated the system will decide at that time whether or not to hold
or exit the trade, I can't tell you until it happens, it depends on
what the indicators are doing - so best to wait until that time.
Of course if you wish to take some profits feel free,
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Regarding the SPY Pro system
SPY Pro and Ver 2 systems long position confirmed
Posted by matt on 30th of Jan 2014 at 10:47 am
Regarding the SPY Pro system - if you are following the scaleout version, the 3 scaleout prices are:
- 20% at $179.13,
- 20% at 181.79
- 20% at 185.34
of course that's if it gets a chance to hold that long - once price closes over the 8 day MA, the system will decide to ether exit the trade or hold it depending on what the trending indicators look like.
for those scalout prices, it's
Posted by matt on 30th of Jan 2014 at 10:56 am
for those scalout prices, it's best to just put GTC sell limit orders in now at those prices, that way they will automatically execute for you - don't wait for me to send an email because by the time I write an email and sednd it out, 5 -10 min will have past and the price will have moved - so just place your GTC sell limit orders now and let them do the work for you
SPXL
Posted by kamran on 30th of Jan 2014 at 11:08 am
Hi Matt,
I opened SPXL position yesterday, Should I use 8DMA for sell order?
kamran- first off be careful using
Posted by matt on 30th of Jan 2014 at 11:36 am
kamran- first off be careful using 3X leveraged ETF's, don't over margin yourself- too many people get into trouble with leveraged ETF's, while the gains will be 3X so will the loses and if you use margin on top of it, that makes it worst. For example if someone places 100% of their account into a trade and used the 2X overnight margin, and the bought a 3X ETF, they would have 6 times the leverage of the 1X ETF, so if the system took a small 3% loss, it would be 18% under this scenario
anyway regarding the 8 day SMA - when price closes over that as I stated the system will decide at that time whether or not to hold or exit the trade, I can't tell you until it happens, it depends on what the indicators are doing - so best to wait until that time. Of course if you wish to take some profits feel free,