If we had taken your advise (one of your options) and just sold
yesterday morning we could have gotten out at the top. It was a
great trade Matt, thanks!
I thought you said that the stop method that you will use going
forward would have stopped the trade out at 257.10. Shouldn't you
use that price in the trade results?
No that was the stop from Monday morning however it was raised
two times that day, once later that afternoon about 1.5 hrs before
the close, and the second time in Monday's newsletter that
night. The correct price is 258.7. see this post from
Monday afternoon
Next in Monday's newsletter I raised the stop once again to
258.7,
Monday's Newsletter
On Monday morning I sent an email out with a stop listed at
257.1, however price rose throughout the day, that's why I raised
it again later that day to 258.49, hence the blog post. Price
went even higher by close and so in Monday's newsletter I raised
the stop yet again 258.7.
now I didn't send a separate email out updated stops because I
planned to discuss in the newsletter and I was actively discussing
them in the blog. The original email from that morning
contained a direct link to the blog discussion. You guys
should always check the blog and at least glance at the newsletters
table of contents even if you are only trading the SPY system
That was great work coming up with the new Spy breakout trade. I
am really kicking myself for getting out of it too
early and trying to second guess it. But I am
short now, so maybe will make some of it back today :)
as I said last Friday, the stop would move up this week on the
SPY system, on Friday the hard stop didn't move but today it's
moving up 31 cents from 254.00 to 254.31
despite the nice rally today no change in the trailing stop on
the SPY system, it remains where it was yesterday, which has been
moving up every day. However I think next week the stop will
ratchet up a lot higher, in fact should price go high enough the
system will just close the trade. SPY trade has been long
since Sept 12th, so it's done a nice job catching the trend, glad I
developed that breakout trade earlier this year for this type of
market
Just for fun - here's the SPY system stats if one traded SPY or
XIV this in 2017. The current SPY trade would be up 2.77% and
well over 3% with the 1.23 dividend. However if one went long
XIV instead the current trade would be up over 30.5%, and around
72% this year. Realize XIV is a very volatile instrument and should
be very carefully considered when considering position size
no John?? Stop was 252.2 intra day yesterday, it was then moved
to 252.5 at the close, this has been in the sticky post and in the
newsletters. Yesterday's lows were 254.35, so it was no where close
to being stoped out
And today it's moving to 253 or maybe higher today.
I must have been hallucinating looked in "on the fly" yesterday
as I was busy at work and thought I saw something about the stop
being hit and another sub system going long but the move up
intraday taking that signal away?
the ES breakout system closed out on Sunday night, that system
went long a earlier than the SPY system.
only reason I bring this up is because while the hard stop on
the SPY Pro system is positive and there's a 1.23 dividend.
The dividend likely causes SPY to be trading lower than where it
would be without it - i.e. if a stop announces a $1 dividend for
example typically price will fall by about a $1 for a while so that
there's no free lunch. Anyway there's a MUCH tighter stop on
the SPY system if price goes higher, if the ex dividend didn't
occur the higher stop might have been triggered. Anyway it is
what it is. Clearly a nice trade in both system - the market is
stretched
SPY Pro system new stop
Posted by matt on 13th of Oct 2017 at 04:12 pm
SPY trade was stopped out this morning at 258.7 and is now in cash.
we got out of that
Posted by matt on 9th of Nov 2017 at 12:44 pm
we got out of that SPY system trade almost at the top
If we had taken your
Posted by sbwoman on 9th of Nov 2017 at 04:19 pm
If we had taken your advise (one of your options) and just sold yesterday morning we could have gotten out at the top. It was a great trade Matt, thanks!
Matt: I thought you said that
Posted by bobhug on 8th of Nov 2017 at 11:17 pm
Matt:
I thought you said that the stop method that you will use going forward would have stopped the trade out at 257.10. Shouldn't you use that price in the trade results?
No that was the stop
Posted by matt on 9th of Nov 2017 at 01:33 am
No that was the stop from Monday morning however it was raised two times that day, once later that afternoon about 1.5 hrs before the close, and the second time in Monday's newsletter that night. The correct price is 258.7. see this post from Monday afternoon
http://breakpointtrades.com/blog/post/282928/
Next in Monday's newsletter I raised the stop once again to 258.7, Monday's Newsletter
On Monday morning I sent an email out with a stop listed at 257.1, however price rose throughout the day, that's why I raised it again later that day to 258.49, hence the blog post. Price went even higher by close and so in Monday's newsletter I raised the stop yet again 258.7.
now I didn't send a separate email out updated stops because I planned to discuss in the newsletter and I was actively discussing them in the blog. The original email from that morning contained a direct link to the blog discussion. You guys should always check the blog and at least glance at the newsletters table of contents even if you are only trading the SPY system
SPY trade
Posted by dakotadj on 9th of Nov 2017 at 11:37 am
That was great work coming up with the new Spy breakout trade. I am really kicking myself for getting out of it too early and trying to second guess it. But I am short now, so maybe will make some of it back today :)
Matt, very nice trade! I
Posted by iz_bs on 9th of Nov 2017 at 04:19 am
Matt, very nice trade! I am up more then 6K on it. Thank you for sharing.
Matt, great trade. Your system
Posted by wowten on 9th of Nov 2017 at 09:40 am
Matt, great trade. Your system totally rocks.
Looks like I just got
Posted by sbwoman on 7th of Nov 2017 at 10:58 am
Looks like I just got stopped out. I wish I sold out earlier, nice trade though! Thanks Matt!
a couple things on the
Posted by matt on 2nd of Nov 2017 at 10:20 am
a couple things on the SPY system:
1. stop moved up to 255.15 from 254.86 this morning
2. However the system may decide to exit the trade entirely today at the close via another sell condition. I will let you know
On the next SPY Pro
Posted by rojoch on 2nd of Nov 2017 at 02:41 pm
On the next SPY Pro entry, if we want to try it with XIV how would we know where to put the hard stops? Are they following a Moving Average?
stop on SPY system moves
Posted by matt on 31st of Oct 2017 at 11:40 am
stop on SPY system moves from 254.31 to 254.6
as I said last Friday,
Posted by matt on 30th of Oct 2017 at 12:13 pm
as I said last Friday, the stop would move up this week on the SPY system, on Friday the hard stop didn't move but today it's moving up 31 cents from 254.00 to 254.31
despite the nice rally today
Posted by matt on 27th of Oct 2017 at 11:48 am
despite the nice rally today no change in the trailing stop on the SPY system, it remains where it was yesterday, which has been moving up every day. However I think next week the stop will ratchet up a lot higher, in fact should price go high enough the system will just close the trade. SPY trade has been long since Sept 12th, so it's done a nice job catching the trend, glad I developed that breakout trade earlier this year for this type of market
I noticed the hard stop
Posted by matt on 26th of Oct 2017 at 04:32 pm
I noticed the hard stop on the SPY system long is now exactly at the low of yesterday's candle, logical spot
new hard stop on SPY
Posted by matt on 25th of Oct 2017 at 04:54 pm
new hard stop on SPY system 253.97
hard stop on SPY system
Posted by matt on 24th of Oct 2017 at 10:57 am
hard stop on SPY system moves up from 253.33 to 253.67, steady eddy increase
despite the down day in
Posted by matt on 23rd of Oct 2017 at 03:56 pm
despite the down day in the market today the hard stop on the SPY system is moving up from 253.0 to 253.33
Just for fun - here's
Posted by matt on 20th of Oct 2017 at 03:14 pm
Just for fun - here's the SPY system stats if one traded SPY or XIV this in 2017. The current SPY trade would be up 2.77% and well over 3% with the 1.23 dividend. However if one went long XIV instead the current trade would be up over 30.5%, and around 72% this year. Realize XIV is a very volatile instrument and should be very carefully considered when considering position size
Just for fun - here's the SPY system stats if ...
Posted by sbaxman111 on 20th of Oct 2017 at 03:45 pm
Don't forget that Spy Pro had a one day short on 2-27-17 thru 2-28 that was worth 2.45% if you used VXX, or about 2.65% if you shorted XIV.
that trade is gone with
Posted by matt on 20th of Oct 2017 at 04:09 pm
that trade is gone with the Breakout Trade as it would have covered over that trade as it was in a breakout from 2/10 - open of 3/2
Would it be possible to
Posted by nabanco98 on 23rd of Oct 2017 at 04:49 pm
Would it be possible to upload the new trade history for PRO which includes the breakout trade and therefore excludes the 2-27-17 trade?
we plan to do that,
Posted by matt on 23rd of Oct 2017 at 06:15 pm
we plan to do that, hasn't been done yet because it's not easy to do like hitting a button or something
new hard stop 253, continues
Posted by matt on 20th of Oct 2017 at 12:14 pm
new hard stop 253, continues to move up slowly.
Should price go high and reach a threshold the stop will jump WAY up, so I hope that occurs.
whoa! this wasn't stopped out
Posted by john9o9 on 20th of Oct 2017 at 02:45 pm
whoa! this wasn't stopped out yesterday??
no John?? Stop was 252.2
Posted by matt on 20th of Oct 2017 at 03:10 pm
no John?? Stop was 252.2 intra day yesterday, it was then moved to 252.5 at the close, this has been in the sticky post and in the newsletters. Yesterday's lows were 254.35, so it was no where close to being stoped out
And today it's moving to 253 or maybe higher today.
I must have been hallucinating
Posted by john9o9 on 20th of Oct 2017 at 03:15 pm
I must have been hallucinating looked in "on the fly" yesterday as I was busy at work and thought I saw something about the stop being hit and another sub system going long but the move up intraday taking that signal away?
My error apparently I was
Posted by john9o9 on 20th of Oct 2017 at 03:34 pm
My error apparently I was looking at sticky from June that is still at top.
hard stop on the SPY
Posted by matt on 19th of Oct 2017 at 04:07 pm
hard stop on the SPY system raised to 252.75
hard stop on SPY system
Posted by matt on 18th of Oct 2017 at 01:17 pm
hard stop on SPY system trade moving up another 30 cents from 252.2 to 252.5
hard stop on SPY system
Posted by matt on 17th of Oct 2017 at 03:08 pm
hard stop on SPY system moving up another 30 cents, was 251.91, now moving to 252.2
the ES breakout system closed
Posted by matt on 16th of Oct 2017 at 10:20 am
the ES breakout system closed out on Sunday night, that system went long a earlier than the SPY system.
only reason I bring this up is because while the hard stop on the SPY Pro system is positive and there's a 1.23 dividend. The dividend likely causes SPY to be trading lower than where it would be without it - i.e. if a stop announces a $1 dividend for example typically price will fall by about a $1 for a while so that there's no free lunch. Anyway there's a MUCH tighter stop on the SPY system if price goes higher, if the ex dividend didn't occur the higher stop might have been triggered. Anyway it is what it is. Clearly a nice trade in both system - the market is stretched
hard stop moving up to
Posted by matt on 16th of Oct 2017 at 09:56 am
hard stop moving up to 251.9 on SPY system