a profit target of 1.25% can be hit any time during the day, it
has nothing to do with the close
Honestly my 'bad' was not simply giving you guys the sell limit
price. For the scaleouts, it's best to simply set a GTC sell
limit order in for the target, that way it will automatically be
executed for you.
For example, the next scaleout for the SPY Pro comes in at a
2.5% gain, so that's very easy to calculate from the entry price of
the system which was $205.76.
Therefore set a GTC sell limit at a price of $211.42 for
another 20% of SPY Pro, or 8% of the combined system
a profit target of 1.25%
SPY Pro system 1st scaleout achieved
Posted by matt on 30th of Mar 2015 at 02:52 pm
a profit target of 1.25% can be hit any time during the day, it has nothing to do with the close
Honestly my 'bad' was not simply giving you guys the sell limit price. For the scaleouts, it's best to simply set a GTC sell limit order in for the target, that way it will automatically be executed for you.
For example, the next scaleout for the SPY Pro comes in at a 2.5% gain, so that's very easy to calculate from the entry price of the system which was $205.76. Therefore set a GTC sell limit at a price of $211.42 for another 20% of SPY Pro, or 8% of the combined system
Thanks.
Posted by trader8 on 30th of Mar 2015 at 02:54 pm
Thanks.