Matt, On the Spy System, I

    Posted by desanyn on 9th of Feb 2018 at 01:32 pm

    Matt,

    On the Spy System, I believe we're getting very close to the 10% max historical drawdown on the Spy's initial position (281.6 *0.9 = 253.44), and therefore an approximate Stop-loss price that you had recommended... depending on our risk-tolerance.  Wasn't sure if this 10% stop loss should be applied to SPY and then close out all subsequent entries for SSO and UPRO as well, or are you also suggesting approximately 10% stop-loss for each of those separate entries?  Thanks!

    I base that on the

    Posted by matt on 9th of Feb 2018 at 01:38 pm

    I base that on the 1st entry.  Yes it's getting close.  Again this is a hard time, but the video I made on Monday still applies as far as folks placing stops, which I suggested placing something based on your risk tolerance, which would mean many were stopped out days ago, while some could still be holding, everything different, but everyone should have placed a stop then, which again gonna be different for everyone

    On another note regarding the sub systems the Bull Exhaustion condition is triggering, that's a rare trade that only occurs in these type sell offs:  Examples 1998 crash, 2002, Aug 2011, May 2012, Jan 2016. Max historical draw down on that one is 2.4%. Anyway since that's hard to trigger might mean the market is finally nearing some low but with it being Friday (which are not good reversal days) unless it reverses up hard and now, likely pushed until next week. 

    Basically I'm mentioning the bull exhaustion system more for statistical purposes

    One question: Considering the Bull

    Posted by cuqui69 on 9th of Feb 2018 at 01:54 pm

    One question: Considering the Bull Exhaustion condition is triggering and if on Monday opens or close lower negative 1.5 - 2.5% and we place a trade how do we now when to get out?

    Also if you can send those historical examples on the weekend newsletter!

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