thanks, and sorry that I couldn't get the newsletter out until
late, I had a super stressful day with all these family things I
had to attend to, along with a bunch of other things all hitting me
at once, was just a bad day.
anyway I wanted to inform you as best I could, which I think I
did, and I gave you my concerns with how the market had rallied up
to the broken trendline resistance and stopped and the 61.8% Fib,
those were not areas I personally wanted to take a long, in fact I
shorted SSO yesterday near the close because as I mentioned in the
newsletter, that was a very low risk area to try a short with a
tight stop
Posted by sschulman on 13th of Sep 2016 at 11:16 am
Thanks Matt you DID voice your concerns about market direction.
AND you did voice your concerns about the large drawdowns with this
particular sub-system. Not a great first trade for me so far with
SPY Pro, but I'll not get too emotional and stick with it.
you guys can also do deep in the money options, so that you are
not paying for time, I did that with the last system trade, I went
to 130 SPY calls so that it moved basically dollar per dollar, and
bought 2 months out for the expiration.
Options will allow you to have your risk defined, all you can
lose is the amount you put in the options
Having all that detailed information
SPY Pro system went long a 60% position
Posted by peterjennings71 on 13th of Sep 2016 at 07:54 am
Having all that detailed information about the particular Spy Pro trade type in the newsletter is excellent - many thanks !
thanks, and sorry that I
Posted by matt on 13th of Sep 2016 at 10:28 am
thanks, and sorry that I couldn't get the newsletter out until late, I had a super stressful day with all these family things I had to attend to, along with a bunch of other things all hitting me at once, was just a bad day.
anyway I wanted to inform you as best I could, which I think I did, and I gave you my concerns with how the market had rallied up to the broken trendline resistance and stopped and the 61.8% Fib, those were not areas I personally wanted to take a long, in fact I shorted SSO yesterday near the close because as I mentioned in the newsletter, that was a very low risk area to try a short with a tight stop
the drawdown
Posted by sschulman on 13th of Sep 2016 at 11:16 am
Thanks Matt you DID voice your concerns about market direction. AND you did voice your concerns about the large drawdowns with this particular sub-system. Not a great first trade for me so far with SPY Pro, but I'll not get too emotional and stick with it.
you guys can also do
Posted by matt on 13th of Sep 2016 at 11:24 am
you guys can also do deep in the money options, so that you are not paying for time, I did that with the last system trade, I went to 130 SPY calls so that it moved basically dollar per dollar, and bought 2 months out for the expiration.
Options will allow you to have your risk defined, all you can lose is the amount you put in the options
useful about options have been wanting to learn
Posted by bravestar on 13th of Sep 2016 at 11:27 am
options. i got shocked by that time decay.
I just exampled, that's why
Posted by matt on 13th of Sep 2016 at 11:35 am
I just exampled, that's why you do very deep in the money options where you are not paying for a bunch of time value, and you go out at least 2 months
I took the long trade
Posted by bravestar on 13th of Sep 2016 at 11:14 am
because the SPY trades usually win, not large size.