Hello everyone, I apologize, last night I stated that the SPY
Pro would be going to cash today, it did not. The system
needs a close above the 8 day SMA in order to exit and price didn't
close over the 9 SMA. On my SPY Pro chart for some reason I
had a 6 SMA and assumed it had closed over. For those of you
who may be in the Ditto Trade, I did not close that trade out, you
are still long. If you were in the SPY Trade and you sold
this morning, I apologize, you can either stay out or buy back in
however prices are higher at this point. Or one could wait for the
market to pullback over the next few days since we do expect this
advance to be choppy per my comments last night.
I wound't blame Matt and let me tell you why: When every time I
saw an email or a newsletter, I don't just blindly follow it. I'll
go to the system's trade page and double check if the trade
actually happened. Well, since it's a mechanical trading system,
I'll follow the MACHINE from end to end, but not an email from
human. And yes you may said I don't trust what Matt said, but I
think the point of following a mechanical trading system is to
eliminate human errors. And if you are truly following the system,
I don't see that much room you can get hurt by human errors.
what I really need is an assistant. The problem is that I
tend to take on too many projects, I have too many irons in the
fire, I have so many ideas all the time, my mind is racing 1000 mph
all the time, working on many things. I'm actually in
discussion with a guy who I may hire to do back end work on
the website, emails etc, and he's also technical minded and thus I
would set up the systems on his machine with one of his jobs to
watch them and make sure everything is correct.
anyway it's 2 am, I'm working still, been working since 7 am,
that's another one of my problems, I work too damn much trying to
everything on my own. The person I hire should be able to
take the workload of and make sure the systems and other things are
correct without mistakes
Posted by jsliedre on 21st of Oct 2014 at 04:37 am
I hope that assistant works out for you, so you can focus more
on development/innovations and less on maintenance of existing
services. And of course get some more rest! I was thinking
that you had a lot going on before you mentioned it here.
guys listen, regarding the SPY pro trade, I totally
understand the frustration on your part regarding a couple of
errors that have occurred very recently close together, I get that.
That's why I am very open and honest and when something
happens and it's my fault, I admit it fess up to it, I come clean,
I even share inner workings of systems which I don't have to and
others in my position would not share. However on the SPY
trade I cleared it up so if you closed your position you could have
re-entered if you had wanted to. We also don't know where
this trade will ultimately close, I will discuss tonight in the
newsletter. Also regrading the market, we think this is going
to be a choppy advance, so you may be able to pick it up lower
anyway on the next sub wave b pullback.
I have also put in place items to prevent this from happening in
the future. Steve is not able to help with these things as he
does not code systems or know the systems, I have lot of on me and
sometimes it's difficult to juggle everything.
Again I totally understand the frustation on your part however I
will also not tolerate endless bitching and if this was the end of
the world then I suggest those of you leave. I can give you plenty
of trading websites that are 2 or 3 times the price and 1/4 as good
if you want to subscribe to those instead
Please continue the good work. I Agree with you 100% about the
website, cost and what we get here , cannot be compared to any
other site. No one comes close to it.
Please Continue to do what you do. It was honest mistake. That's
it.
SPY Pro Clarification - did NOT exit
Posted by matt on 20th of Oct 2014 at 11:16 am
Hello everyone, I apologize, last night I stated that the SPY Pro would be going to cash today, it did not. The system needs a close above the 8 day SMA in order to exit and price didn't close over the 9 SMA. On my SPY Pro chart for some reason I had a 6 SMA and assumed it had closed over. For those of you who may be in the Ditto Trade, I did not close that trade out, you are still long. If you were in the SPY Trade and you sold this morning, I apologize, you can either stay out or buy back in however prices are higher at this point. Or one could wait for the market to pullback over the next few days since we do expect this advance to be choppy per my comments last night.
I wound't blame Matt and
Posted by liuming on 21st of Oct 2014 at 12:16 am
I wound't blame Matt and let me tell you why: When every time I saw an email or a newsletter, I don't just blindly follow it. I'll go to the system's trade page and double check if the trade actually happened. Well, since it's a mechanical trading system, I'll follow the MACHINE from end to end, but not an email from human. And yes you may said I don't trust what Matt said, but I think the point of following a mechanical trading system is to eliminate human errors. And if you are truly following the system, I don't see that much room you can get hurt by human errors.
what I really need is
Posted by matt on 21st of Oct 2014 at 02:35 am
what I really need is an assistant. The problem is that I tend to take on too many projects, I have too many irons in the fire, I have so many ideas all the time, my mind is racing 1000 mph all the time, working on many things. I'm actually in discussion with a guy who I may hire to do back end work on the website, emails etc, and he's also technical minded and thus I would set up the systems on his machine with one of his jobs to watch them and make sure everything is correct.
anyway it's 2 am, I'm working still, been working since 7 am, that's another one of my problems, I work too damn much trying to everything on my own. The person I hire should be able to take the workload of and make sure the systems and other things are correct without mistakes
anyway I'm going to bed!
I hope that assistant works
Posted by jsliedre on 21st of Oct 2014 at 04:37 am
I hope that assistant works out for you, so you can focus more on development/innovations and less on maintenance of existing services. And of course get some more rest! I was thinking that you had a lot going on before you mentioned it here.
Quit the whining guys! Honest
Posted by pebs on 20th of Oct 2014 at 10:43 pm
Quit the whining guys! Honest mistake that's all....keep up the great work Matt and Steve!
agreed. the confusion this morning
Posted by nabanco98 on 20th of Oct 2014 at 08:46 pm
agreed. the confusion this morning cost me 2k
guys listen, regarding the SPY
Posted by matt on 20th of Oct 2014 at 09:48 pm
guys listen, regarding the SPY pro trade, I totally understand the frustration on your part regarding a couple of errors that have occurred very recently close together, I get that. That's why I am very open and honest and when something happens and it's my fault, I admit it fess up to it, I come clean, I even share inner workings of systems which I don't have to and others in my position would not share. However on the SPY trade I cleared it up so if you closed your position you could have re-entered if you had wanted to. We also don't know where this trade will ultimately close, I will discuss tonight in the newsletter. Also regrading the market, we think this is going to be a choppy advance, so you may be able to pick it up lower anyway on the next sub wave b pullback.
I have also put in place items to prevent this from happening in the future. Steve is not able to help with these things as he does not code systems or know the systems, I have lot of on me and sometimes it's difficult to juggle everything.
Again I totally understand the frustation on your part however I will also not tolerate endless bitching and if this was the end of the world then I suggest those of you leave. I can give you plenty of trading websites that are 2 or 3 times the price and 1/4 as good if you want to subscribe to those instead
SPY PRO trade
Posted by kattap on 21st of Oct 2014 at 12:47 am
Please continue the good work. I Agree with you 100% about the website, cost and what we get here , cannot be compared to any other site. No one comes close to it.
Please Continue to do what you do. It was honest mistake. That's it.
oh man, it has been
Posted by shinings on 20th of Oct 2014 at 12:06 pm
oh man, it has been a lot of mistakes recently.
the mechanical systems seem error
Posted by tsurplus on 20th of Oct 2014 at 12:05 pm
the mechanical systems seem error prone lately...