Matt, can you comment at

    Posted by pebs on 22nd of Mar 2018 at 10:32 am

    Matt, can you comment at what level the SPY system will be taking it's third entry?  Also, is the BPT MA deluxe still green?  Thx

    one thing about the SPY

    Posted by matt on 22nd of Mar 2018 at 10:47 am

    one thing about the SPY system, the culprit all along has been the strong trend shallow pullback, it entered too early in Feb and it's the one this time around.  Without that sub system the system would actually be looking to enter today a first entry.  This is the original system before I added all these other sub systems, that strong trend shallow pullback being one of them.  As far as a 3rd entry I'm not sure yet.  And again heck the orginal system would be taking a 1st entry today, which is the QE LE 1/2 and that entry wouldn't be half bad as the market is well off the highs, if we think the pullback is going to test the lows could always wait for that to take a 2nd entry or soemthing

    I don't man, more and more I'm just starting to lean to remove the systems and just focus on newsletters and trade ideas.  That's what we are good at, the systems when they have a bad entry cause me a lot of stress, members freaking out etc because I care!!  When all I've tried to do is the best I can but it causes undue stress, members pissed and other things, when in the end the simpler thing would be the newsletters and trade idea without all this stress.  Realize I haven't decided that route yet but it's crossed my mind.  Why do I bother with systems at all, they could have 20 good trades in a row, and 1 or 2 bad recent trades causes misery and etc.

    Matt and SPY Pro –

    Posted by shanebofl on 22nd of Mar 2018 at 11:48 am

    Matt and SPY Pro – I’m gonna get some haters by saying this, but my situation is the OPPOSITE of nearly everyone here I believe. I ONLY subscribe because of the SPY systems and I have no complaints about it (not every trade is a winner on any system). I don’t day trade, don’t follow any of your trade setups and usually only listen to the general market overview of the newsletters. I much more believe in systems with rules and backtesting usually at longer timefrrames, less muss and less fuss.

    As to your personal sanity, you often talk about how much time you dedicate the the site and it certainly shows and is appreciated (working all day and making newsletters and videos all night, no family time, upset wife). I agree that’s no way to live life. So might I be so bold as to suggest that even though it seems your passion is the day to day, minute to minute fast trading, just leave ALL of that portion of the site to Steve and you focus ONLY on the Systems, including the SPY (and the development of QQQ, DIA, IWM - and don’t bother with individual companies like Apple, single companies are too unpredictable on daily basis. Also, as others have said maybe you don’t need to tinker with the systems so much. They prove themselves over time and some months and years one works better than others (like any system from Parity All Season’s to 3 Fund to Permenent Portfolio) - they all vary each year. You can’t keep changing them based on what just happened the trade before. That’s data mining and in the end less effort for you if you just dig down, pick the ones you feel are best at the core and leave them alone to stand the test of time.This should certainly ease up you life and workload. 

    Let the hater comments begin…

    I actually agree with all

    Posted by bulf6285 on 22nd of Mar 2018 at 11:54 am

    I actually agree with all of this

    For what it's worth Matt,

    Posted by zboy2854 on 22nd of Mar 2018 at 11:32 am

    For what it's worth Matt, one of the main reasons I subscribe still is for the systems. So IMO the solution isn't to do away with them completely. That said, I do think what you mentioned is the real issue, namely that you tend to tinker too much with the systems rather than leave well enough alone. As you said, had you left the original SPY system alone, it would be taking its first entry today, which would obviously have been a much better play to wait to take a first entry than several days ago. As the old saying goes, if it ain't broke, don't fix it.

    Is this what hurt the

    Posted by lamb on 22nd of Mar 2018 at 11:13 am

    Is this what hurt the overall results for last year only 7% compared to 30s other years? 

    Spy Pro - Quality over

    Posted by peterjennings71 on 22nd of Mar 2018 at 11:04 am

    Spy Pro - Quality over Quantity when it comes to trades. Please keep the Spy Pro system Matt, but if there are sub subsystems that you don't believe are improving the system (like you have mentioned about the Strong Trend Shallow Pullback) then remove them . Keep up the brilliant work that yourself and Steve do :o)

    Hi Matt I  believe that I

    Posted by tbaldy on 22nd of Mar 2018 at 11:03 am

    Hi Matt

    I  believe that I speak for the majority of the members here when I say that we greatly appreciate all the you, Steve and the whole BPT crew do for us. 

    The fact that a minority of the members get under your skin is a testimonial to your personal integrity, the quality of work that you aspire to, and your personal sense of caring for us as people and not as just dollars. Sadly, this might be the cross you have to bear for being a quality person. There are plenty of people in this field who do not have your attributes  and I feel lucky to have found you and this site.

    The systems are a great tool for the website and would hate to see them go away but I would certainly respect your decision in this regard.

    Please just remember that the VAST majority of BPT members support  you in all that you try to do for us.

    The SPY is one of

    Posted by bulf6285 on 22nd of Mar 2018 at 10:54 am

    The SPY is one of the main reasons  I subscribe. Please don't remove it. Personally, I'm not complaining about a loss. It happens. Just need communication as to what is happenening with the system. 

    yeah agree.  Thanks guys.  I

    Posted by matt on 22nd of Mar 2018 at 10:55 am

    yeah agree.  Thanks guys.  I think a good plan is to have a video where I discuss changes I'm going to make, like removing some of these extra sub systems, work on the best communication etc.   anyway we'll talk about that later, market moving and it's early so we have to focus on placing market analysis here

    Thanks Matt.  Please don't remove

    Posted by pebs on 22nd of Mar 2018 at 10:50 am

    Thanks Matt.  Please don't remove the systems!!  It's due for losses here and there but overall it's been amazing.  Truly, it's better than anything else out there, even the BPT MA deluxe.


    Don't remove the systems. I

    Posted by jdaswani on 22nd of Mar 2018 at 10:56 am

    Don't remove the systems. I have been a member for 7yrs now and the systems keep me on the platform. Anyone who thinks/expects to make money on every trade should be canceled. there is a small minority on this list that need to be discarded. Seriously, if they cant take a loss, they should not be in it to begin with. This trade is down what 2%, Big F'n Deal. Cut the cry babies and reduce your stress.

    Agree!

    Posted by zhuma777 on 22nd of Mar 2018 at 11:47 am

    Agree!

    one reason I added all

    Posted by matt on 22nd of Mar 2018 at 10:51 am

    one reason I added all the extra sub systems was to get more trades.  I think I need to remove the sub systems that are just average and only keep the best of the best, even if that means less trades.  

    Agree!!!

    Posted by bauer on 22nd of Mar 2018 at 10:50 am

    Agree!!!

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