SPY Pro system went long, SPY Ver 2 and SPY RSI 2 systems remain
in cash. This SPY Pro long is one of the aggressive trade
small pullback trade entries, these can be early at times and we
have a volatile news situation. Otherwise I'm simply
reporting what the system is doing. 60% of the SPY system
remains in cash
also remember I am going to change up the SPY systems quite a
bit later this month with new trades etc, one thing I'm going to do
is add a second entry to the SPY Pro, I may get rid of the RSI 2
system, not sure yet, and I will be adding about 8 new trade
types
I've been biting my tongue for a lonnnnng time now, but now i
must speak. I've been following you on stoc charts since your
inception. You have changed systems there before you started a paid
site. And you keep tinkering and changing systems here. It doesn't
instill confidence. It only adds to the feeling that the market
can't be timed. Too manic.
Answer: burkmere...the systems are
not designed to time the market as you state but should be viewed
as reversion to mean. The changes are designed to create more
trades NOT adjust existing trades.
burkmere -
the SPY system trades that are currently here are NOT
changing or going away, not system settings are changing.
The only thing I'm doing is adding new trade types.
And yes as one learn things about the market one should apply
that knowledge. So under your logic the horse and buggy
worked fine so there was no reason to develop cars. My point
is, when you learn things, why not apply them and use them vs
staying static from one point in time.
again NONE of the original SPY system settings are changing.
I'm not re-optimizing trades! I'm simply adding a few
new trade types that will work synergistically with the current
ones
The issue I have is with new members being very confused about 3
SPY systems with one taking 40% and another doing doing 25% and 15,
and 3 systems and trying to juggle the 3 systems.
What I am probably going to do is simply combine them all into
one and not tell you that the SPY RSI 2 went long, or Ver 2, just
that the SPY went long 10% or 15%, vs folks trying to do the math
and juggle the 3 systems. This would be the same thing, but
would simply it all - basically just refer to one system vs 3
The other change is I think making a second entry on the SPY Pro
makes sense since it can be a bit early, and getting rid of the
profit targets for it. anyway not a time to discuss this
moment with the market just opened
SPY systems possible trade today
Posted by matt on 2nd of Dec 2015 at 04:00 pm
Possible long trade in the SPY Pro system, I won't know until after the close however since it's quite close to the edge.
SPY systems possible trade today
Posted by matt on 2nd of Dec 2015 at 04:06 pm
SPY Pro system went long, SPY Ver 2 and SPY RSI 2 systems remain in cash. This SPY Pro long is one of the aggressive trade small pullback trade entries, these can be early at times and we have a volatile news situation. Otherwise I'm simply reporting what the system is doing. 60% of the SPY system remains in cash
also remember I am going
Posted by matt on 2nd of Dec 2015 at 04:20 pm
also remember I am going to change up the SPY systems quite a bit later this month with new trades etc, one thing I'm going to do is add a second entry to the SPY Pro, I may get rid of the RSI 2 system, not sure yet, and I will be adding about 8 new trade types
Don't keep messing!
Posted by burkmere on 3rd of Dec 2015 at 12:32 am
I've been biting my tongue for a lonnnnng time now, but now i must speak. I've been following you on stoc charts since your inception. You have changed systems there before you started a paid site. And you keep tinkering and changing systems here. It doesn't instill confidence. It only adds to the feeling that the market can't be timed. Too manic.
Answer: burkmere...the systems are not designed to time the market as you state but should be viewed as reversion to mean. The changes are designed to create more trades NOT adjust existing trades.
burkmere - the SPY system trades that
Posted by matt on 3rd of Dec 2015 at 09:29 am
burkmere - the SPY system trades that are currently here are NOT changing or going away, not system settings are changing.
The only thing I'm doing is adding new trade types.
And yes as one learn things about the market one should apply that knowledge. So under your logic the horse and buggy worked fine so there was no reason to develop cars. My point is, when you learn things, why not apply them and use them vs staying static from one point in time.
again NONE of the original SPY system settings are changing. I'm not re-optimizing trades! I'm simply adding a few new trade types that will work synergistically with the current ones
Markets change so must the systems
Posted by nicole4 on 3rd of Dec 2015 at 05:13 am
markets change and time teaches you new things, especially with trading.
I fully support Matt continually improving the systems ( that are incredibly great value)
keep up the great work
KEEP IT SIMPLE!
Posted by gmrachek on 2nd of Dec 2015 at 08:26 pm
KEEP IT SIMPLE!
Please, keep the RSI 2
Posted by junkie on 2nd of Dec 2015 at 04:38 pm
Please, keep the RSI 2 system, Matt! Its timing is very good to indicate deeply oversold conditions.
The issue I have is
Posted by matt on 3rd of Dec 2015 at 09:41 am
The issue I have is with new members being very confused about 3 SPY systems with one taking 40% and another doing doing 25% and 15, and 3 systems and trying to juggle the 3 systems.
What I am probably going to do is simply combine them all into one and not tell you that the SPY RSI 2 went long, or Ver 2, just that the SPY went long 10% or 15%, vs folks trying to do the math and juggle the 3 systems. This would be the same thing, but would simply it all - basically just refer to one system vs 3
The other change is I think making a second entry on the SPY Pro makes sense since it can be a bit early, and getting rid of the profit targets for it. anyway not a time to discuss this moment with the market just opened
Matt, as a long term
Posted by 3putt on 3rd of Dec 2015 at 09:57 am
Matt, as a long term member, I really appreciate your combining the 3 systems - it is not just new members that get confused!