Posted by soldado1976 on 22nd of Oct 2018 at 08:02 am
Matt, I was thinking about the options and wondered what your
thoughts would be on selling puts at the long signals. Seems like
you might be able to take an entry that if it pulls lower you then
might get put the spy at a much lower entry than the original
signal - plus the premium discount you got for selling. Any
thoughts?
Thank you on the update Matt. I really like the SPY system and
the trades it has generated till now. I wont be discouraged and
just take the system away because it had one bad trade. that
happens to all the system. As far as the new members who get
angry, I think they dont understand trading and systems.
For me the SPY system has been great. it suits me best, because
I am working on my business and have no time for day trading . The
system has made me nice profits and I think you should keep it on
the website. I am sure a lot of other users are quiet but
taking advantage of your awsome work with the systems.
Options are also a good strategy, but the way it is its also one
of the greatest system I have seen in the last 10 years.
Posted by shinings on 22nd of Oct 2018 at 08:54 am
Matt, I'm with Arton and I urge you please don't take the SPY
system off the website. This is pretty much the only reason I'm
subscribing as I also have a day job and not able to day trade. For
any improvement you are working on, I will be patiently waiting
while still trading the system as is. Thank you!
thanks for the feedback guys, I will keep it. However I
will be trading the options in the way I outlined in the video.
I will share the results over time and if they look good I
might start sending the options trades out for the system i.e
spy system going long, buying Jan 240 SPY calls. etc However
I'll most likely trade the SPX options instead of SPY options
because like futures those cash options are also subject o the
60/40 tax rule where you get to treat 60% of your profits as long
term gains, over time that tax benefit adds up a lot! SPY options
are taxed like normal stocks short term cap gains
SPY Pro system video discussion
Posted by matt on 21st of Oct 2018 at 10:04 pm
Here's a detailed video I made on the SPY pro system and trading options instead of SPY, SSO, and UPRO
Like others, I vote to
Posted by sonofrebel on 22nd of Oct 2018 at 11:06 am
Like others, I vote to keep system as is while you develop option approach - thanks
Please do not remove the
Posted by jdaswani on 22nd of Oct 2018 at 09:43 am
Please do not remove the SPY system. One of the main reasons I subscribe to service
Matt, I was thinking about
Posted by soldado1976 on 22nd of Oct 2018 at 08:02 am
Matt, I was thinking about the options and wondered what your thoughts would be on selling puts at the long signals. Seems like you might be able to take an entry that if it pulls lower you then might get put the spy at a much lower entry than the original signal - plus the premium discount you got for selling. Any thoughts?
Thank you on the update
Posted by arton on 22nd of Oct 2018 at 05:51 am
Thank you on the update Matt. I really like the SPY system and the trades it has generated till now. I wont be discouraged and just take the system away because it had one bad trade. that happens to all the system. As far as the new members who get angry, I think they dont understand trading and systems.
For me the SPY system has been great. it suits me best, because I am working on my business and have no time for day trading . The system has made me nice profits and I think you should keep it on the website. I am sure a lot of other users are quiet but taking advantage of your awsome work with the systems.
Options are also a good strategy, but the way it is its also one of the greatest system I have seen in the last 10 years.
Keep up the good work.
Matt, I'm with Arton and
Posted by shinings on 22nd of Oct 2018 at 08:54 am
Matt, I'm with Arton and I urge you please don't take the SPY system off the website. This is pretty much the only reason I'm subscribing as I also have a day job and not able to day trade. For any improvement you are working on, I will be patiently waiting while still trading the system as is. Thank you!
Keep the SPY system. The
Posted by bravestar on 22nd of Oct 2018 at 09:52 am
Keep the SPY system. The stats are good.
thanks for the feedback guys,
Posted by matt on 22nd of Oct 2018 at 10:07 am
thanks for the feedback guys, I will keep it. However I will be trading the options in the way I outlined in the video. I will share the results over time and if they look good I might start sending the options trades out for the system i.e spy system going long, buying Jan 240 SPY calls. etc However I'll most likely trade the SPX options instead of SPY options because like futures those cash options are also subject o the 60/40 tax rule where you get to treat 60% of your profits as long term gains, over time that tax benefit adds up a lot! SPY options are taxed like normal stocks short term cap gains
anyway market approaching Friday's lows now
Agree with Shinings & Arton...
Posted by bulf6285 on 22nd of Oct 2018 at 09:29 am
Agree with Shinings & Arton... for those of us with day jobs, the SPY system is a big reason for coming here