3309 Drysdale Ct
Edwardsville, IL 62025
since the exhaustion trades do not catch big swing trades,
simply look to a quick reversion to mean reset, was not a bad idea
to close out at least 1/2 the short trade from the SPY system.
Had I not been so busy with things I probably would have sent
out an alert for that, or even closed it out entirely. What I don't
want to happen is for the market to have a magic rally back above
the 8 SMA in the afternoon and for the trade to hold.
Matt - since the exhaustion short is meant to be for quick
trades, does your system have ability to identify or stay in a
short position if it could turn into a swing Trade? Trying to gauge
probability of maintaining short on broader market turn. Also what
are your thought on VIX as a short proxy? Thanks.
Sorry for your family loss Matt. Yes took profit while SPX was
What about setting a trailing stop (on exhaustion trade) based
on just below the 2 hr ATR? Would that give back too much or be too
tight a stop?
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