Posted by retirefire on 29th of Apr 2020 at 09:34 am
Very disappointing SPY system is currently just over break even
, at the open, for the year. But considering this market I'm
sure there are many wishing they were breakeven.
you know I'm well aware of that, and it's also comments like
that which make me question why do I bother with it. it
creates untold stress on me and you. That's also why I've
been putting more work into the DVT trend stuff, which is still
basically beta. Again we all know that the reversion to mean
SPY systems you refer to are based on historical statistics i.e. if
the market falls 10 days in a row, it has a 95% chance at a bounce.
Well the move on that correction was historical way beyond
most historical statistical bounds. That Trend/Pullback got caught
in that which was the issue and as I discussed before I added new
logical to that sub system which will be used in the future the new
version would have handled that just fine.
again listen - I fully understand, some trades like that kept me
up at night, I'm not happy about that, neither are you. But what I
don't want to start is a bitch thread here. We all know. I
constantly improve things etc, and stuff like that makes me say to
myself Matt why are you bothering, it's too much stress - focus on
your market analysis, trade ideas, and maybe some trade systems.
I'm not removing them yet guys, and if you want to discuss more you
can always chat with me, on the phone as well I understand. I
do the best I can.
also market is trading therefore a thread on this best
severed for after hrs anyway where we are trying to post trade
ideas, updates on that, and 5 min SPX charts - things related to
trading right now intra day.
plus responding to this I just missed a day trade
entry on ES for a long - safe for after hrs please
Posted by patellee on 29th of Apr 2020 at 12:25 pm
Matt please don't sweat it. You are not forcing us to do
anything. At the end of the day, it's our choice to
enter / exit your recommendations and risk what we are willing to
lose.
I think the system is very good and that members can use the
data as a clue to which direction we are likely to go in the short
term. You can trade around the signals and leverage (or not) the
signals. The members have to take responsibility for how they trade
it. For as many years as I have watched the market and it has
been a lot... going back into the 90s...I've never seen the market
do what it did last month. Yet, Matt with your sleepless nights,
you did not fold but stayed there for us anxious members and helped
us through.
Matt, you and Steve and the whole BPT team do a magnificent jobs
in all respects .... sometimes stuff just happens .. but I am very
glad that you are here to help us navigate through it. Perhaps we
don't say thank you enough but I know I am sure as heck
thinking it every day I read the news letter . Thank
you!!!
Very disappointing SPY system is
Posted by retirefire on 29th of Apr 2020 at 09:34 am
Very disappointing SPY system is currently just over break even , at the open, for the year. But considering this market I'm sure there are many wishing they were breakeven.
you know I'm well aware
Posted by matt on 29th of Apr 2020 at 09:46 am
you know I'm well aware of that, and it's also comments like that which make me question why do I bother with it. it creates untold stress on me and you. That's also why I've been putting more work into the DVT trend stuff, which is still basically beta. Again we all know that the reversion to mean SPY systems you refer to are based on historical statistics i.e. if the market falls 10 days in a row, it has a 95% chance at a bounce. Well the move on that correction was historical way beyond most historical statistical bounds. That Trend/Pullback got caught in that which was the issue and as I discussed before I added new logical to that sub system which will be used in the future the new version would have handled that just fine.
again listen - I fully understand, some trades like that kept me up at night, I'm not happy about that, neither are you. But what I don't want to start is a bitch thread here. We all know. I constantly improve things etc, and stuff like that makes me say to myself Matt why are you bothering, it's too much stress - focus on your market analysis, trade ideas, and maybe some trade systems. I'm not removing them yet guys, and if you want to discuss more you can always chat with me, on the phone as well I understand. I do the best I can.
also market is trading therefore a thread on this best severed for after hrs anyway where we are trying to post trade ideas, updates on that, and 5 min SPX charts - things related to trading right now intra day.
plus responding to this I just missed a day trade entry on ES for a long - safe for after hrs please
Matt please don't sweat it.
Posted by patellee on 29th of Apr 2020 at 12:25 pm
Matt please don't sweat it. You are not forcing us to do anything. At the end of the day, it's our choice to enter / exit your recommendations and risk what we are willing to lose.
I think the system is
Posted by cozz101 on 29th of Apr 2020 at 10:25 am
I think the system is very good and that members can use the data as a clue to which direction we are likely to go in the short term. You can trade around the signals and leverage (or not) the signals. The members have to take responsibility for how they trade it. For as many years as I have watched the market and it has been a lot... going back into the 90s...I've never seen the market do what it did last month. Yet, Matt with your sleepless nights, you did not fold but stayed there for us anxious members and helped us through.
Once again proves the axiom
Posted by disciple33 on 29th of Apr 2020 at 10:31 am
Once again proves the axiom that "past performance is no guarantee of future results". The market always has new curve balls to throw.
Matt, you and Steve and
Posted by tbaldy on 29th of Apr 2020 at 09:56 am
Matt, you and Steve and the whole BPT team do a magnificent jobs in all respects .... sometimes stuff just happens .. but I am very glad that you are here to help us navigate through it. Perhaps we don't say thank you enough but I know I am sure as heck thinking it every day I read the news letter . Thank you!!!
No system is perfect but
Posted by tgo5043 on 29th of Apr 2020 at 09:59 am
No system is perfect but BPT spy system is the best I have ever seen personally. It's a great tool not and end all for trading.
Matt you are exactly right
Posted by bbfin on 29th of Apr 2020 at 09:52 am
Matt you are exactly right no brainner buy @9.40 ES on floor pivot daily R1 became support.