A system not being profitable on a certain trade or trades is
not a failure in my mind. If anyone knows of a100%
system that generates more than 1 or 2 signals per year, please let
us know. The idea is to take each trade the system generates
in order to take the emotion out of the trading process. If it's
been backtested properly and the structure / mechanics of the
particular market you are trading do not experience an unusual
shift, the system should generate positive returns over the medium
to longer term. Trying to cherry pick winning signals from losing
signals from inside a single system, kind of defeats the purpose.
I'm also afraid that trying to explain each time the system does
not produce a profitable signal will make Matt gun shy about
providing more systems in the future because people mistakenly seem
to expect perfection.
no I covered that last week, another entry would be pretty far
away about 50 points lower on SPX. now it's possible another
sub system could go long such as the Bear long, but that has not
triggered yet
Posted by sonofrebel on 4th of Jun 2019 at 08:16 am
I was thinking of another sub system when I posted that - more
to the point, the current entries are included in the systems
section and so there is no need to ask here.
I do not listen to all of the updates, especially the
"routine" ones on the systems as I trust the systems section and
your alert emails to keep me up to date.
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A system not being profitable
Are we still in the SPY System trades?
Posted by jtsurfah on 3rd of Jun 2019 at 03:49 pm
A system not being profitable on a certain trade or trades is not a failure in my mind. If anyone knows of a100% system that generates more than 1 or 2 signals per year, please let us know. The idea is to take each trade the system generates in order to take the emotion out of the trading process. If it's been backtested properly and the structure / mechanics of the particular market you are trading do not experience an unusual shift, the system should generate positive returns over the medium to longer term. Trying to cherry pick winning signals from losing signals from inside a single system, kind of defeats the purpose. I'm also afraid that trying to explain each time the system does not produce a profitable signal will make Matt gun shy about providing more systems in the future because people mistakenly seem to expect perfection.
I agree - also the
Posted by sonofrebel on 3rd of Jun 2019 at 03:53 pm
I agree - also the answer to the question is in the system page - I was wondering whether the system will take an extra long on the close here.
no I covered that last
Posted by matt on 3rd of Jun 2019 at 04:00 pm
no I covered that last week, another entry would be pretty far away about 50 points lower on SPX. now it's possible another sub system could go long such as the Bear long, but that has not triggered yet
I was thinking of another
Posted by sonofrebel on 4th of Jun 2019 at 08:16 am
I was thinking of another sub system when I posted that - more to the point, the current entries are included in the systems section and so there is no need to ask here.
I do not listen to all of the updates, especially the "routine" ones on the systems as I trust the systems section and your alert emails to keep me up to date.