Please clarify what the trading parameters for the SPY Pro
System are for some of us who can't be in the community during the
day. In your FAQs, you say the first entry is 60% SPY and the
second is 40% SSO. In past communications, you have said it
is 60% SPY, 30% SSO and 10% UPRO. This time, your emails said the
initial entry was 50% SPY and the second was 30% SSO, but the trade
entry data says the second was actually 40%. What IS the correct
allocation for the system? Thank you.
Posted by bulf6285 on 20th of Mar 2018 at 09:05 am
I have to agree with Bobhug. With all the subsytems and other
chatter, its not very clear latlely as to what the main system is
doing and what he entries are.
there's two ways to report the system: 1. What the
combined system is doing where only one sub system can be in a
trade out of the 23 sub systems, it's first come first serve.
Or not bother doing that and just report what the individual
sub systems are doing separately. As I've explained, doing
this means you can have multiple sub systems all in trades,
sometimes 2 or 3 sub systems long or short at once, or even times
when some systems are long and some are short. Each system is
made to stand on it's own and so this also makes sense.
As far as allocation, this is where things can get confusing if
I'm just reporting what the individual sub systems are doing, why?
Because think about it. You can have instances where
say the Trap is in two entries, and at the same time the QE system
is on one entry, and the Trend trade is in 3 entries etc.
Basically one just has to set aside a dollar amount they wish
to trade for each sub system, a 50/40/10allocation works but would
be applied to each sub system on it's own. Keeping in mind
that during certain times you could have several sub systems all in
1, 2, or 3 entries each.
as far as allocation I've received a lot of feedback and most
want a little less allocation on the first entry. However that said
give me your feedback allocation? I originally picked the
60/30/10 because 60% SPY, and 30% SSO since it's a 2X ETF would
both be equivalent. Maybe another allocation could be 50/50
and the very rare 3rd entry left to your discretion such as using
near money options instead or even ES futures.
so let me know what you want to do, send me a pm vs posting on
the public forum during the day where we try to keep this for
market information only
Remember I've been saying that I wanted to discuss the system
but haven't had the time. Maybe I'll do a video explaining it
all and that will hopefully answer some questions and will
allow you to give feedback on what best works for you
Maybe record a video explaining the system and its subsystems
and post it to the Systems page so you don't have to keep going
through the same things over and over again. I had similar
questions when I first joined the site but I can imagine that its
quite burdensome for you to keep explaining how the system works.
Having been here a couple of years now, I prefer getting as
much info on each subsystem as I can.
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Please clarify what the trading
Will The SPY take 2nd entry?
Posted by bobhug on 20th of Mar 2018 at 07:43 am
Please clarify what the trading parameters for the SPY Pro System are for some of us who can't be in the community during the day. In your FAQs, you say the first entry is 60% SPY and the second is 40% SSO. In past communications, you have said it is 60% SPY, 30% SSO and 10% UPRO. This time, your emails said the initial entry was 50% SPY and the second was 30% SSO, but the trade entry data says the second was actually 40%. What IS the correct allocation for the system? Thank you.
I have to agree with
Posted by bulf6285 on 20th of Mar 2018 at 09:05 am
I have to agree with Bobhug. With all the subsytems and other chatter, its not very clear latlely as to what the main system is doing and what he entries are.
there's two ways to report
Posted by matt on 20th of Mar 2018 at 09:28 am
there's two ways to report the system: 1. What the combined system is doing where only one sub system can be in a trade out of the 23 sub systems, it's first come first serve. Or not bother doing that and just report what the individual sub systems are doing separately. As I've explained, doing this means you can have multiple sub systems all in trades, sometimes 2 or 3 sub systems long or short at once, or even times when some systems are long and some are short. Each system is made to stand on it's own and so this also makes sense.
As far as allocation, this is where things can get confusing if I'm just reporting what the individual sub systems are doing, why? Because think about it. You can have instances where say the Trap is in two entries, and at the same time the QE system is on one entry, and the Trend trade is in 3 entries etc. Basically one just has to set aside a dollar amount they wish to trade for each sub system, a 50/40/10allocation works but would be applied to each sub system on it's own. Keeping in mind that during certain times you could have several sub systems all in 1, 2, or 3 entries each.
as far as allocation I've received a lot of feedback and most want a little less allocation on the first entry. However that said give me your feedback allocation? I originally picked the 60/30/10 because 60% SPY, and 30% SSO since it's a 2X ETF would both be equivalent. Maybe another allocation could be 50/50 and the very rare 3rd entry left to your discretion such as using near money options instead or even ES futures.
so let me know what you want to do, send me a pm vs posting on the public forum during the day where we try to keep this for market information only
Remember I've been saying that I wanted to discuss the system but haven't had the time. Maybe I'll do a video explaining it all and that will hopefully answer some questions and will allow you to give feedback on what best works for you
Post as much info as
Posted by pep8261 on 20th of Mar 2018 at 09:37 am
Post as much info as you can!!
Maybe record a video explaining the system and its subsystems and post it to the Systems page so you don't have to keep going through the same things over and over again. I had similar questions when I first joined the site but I can imagine that its quite burdensome for you to keep explaining how the system works. Having been here a couple of years now, I prefer getting as much info on each subsystem as I can.