some preliminary daily SPX DVT stats

    Posted by matt on 13th of Aug 2020 at 12:25 pm
    Title: some preliminary daily SPX DVT stats

    Love it!!!  I make waaaaaaay

    Posted by goap1207 on 13th of Aug 2020 at 04:29 pm

    Love it!!!  I make waaaaaaay more money in a system like this then trading as I just don't have the time.  Please make this a big part of BPT.  Real value service!!!  Thanks Matt.

    I agree, this is the

    Posted by cozz101 on 13th of Aug 2020 at 07:36 pm

    I agree, this is the kind of thing I am a member for. I just don't have consistenttime to trade during the day on the trade ideas and watch the position once entered. I much prefer staying 100% invested during uptrends...simply SPY, SSO &/or QQQ, QLD, knowing I won't give it all back when the market turns. One caveat; many 401ks have lockout rules and limit "round trips" so I have been known to get nastygrams from places like Fidelity when trying to trade systems like this.  I much prefer rolling 401k money over into IRAs with freedom to trade during the day if necessary, set stops and trade them in the form of ETFs as often as necessary. 

    make sure to look over

    Posted by matt on 13th of Aug 2020 at 07:49 pm

    make sure to look over the history and number of trades per year, it averages about 3 to 5 a year, that's NOT much actively. I agree though 100% always move to self directed IRA's just so that you have flexibility, but I want to clarify doing too many trades is not a concern here, again all you have to do is study the data that I provided it shows entry and exit dates.

    I love this new DVT

    Posted by mrsauer on 17th of Aug 2020 at 09:24 am

    I love this new DVT system, I find myself laying awake at night re-planning my retirement! But in looking at the preliminary stats published in the weekend newsletter yesterday, I think there's an error. The sell entry on 3/21/17 shows a sell price of 3255. I'm pretty sure that never happened  - maybe it should say 2355? I'm not sure how that rolls through the numbers, but it will still be a very impressive CAGR!

    mrsauer - I fixed that

    Posted by matt on 31st of Aug 2020 at 09:34 pm

    mrsauer - I fixed that typo on the stats, looks like I had the 2 and 3 backwards, the exit price was 2355 not 3255

    thanks for pointing that out

    I see you are only

    Posted by vsunil on 13th of Aug 2020 at 01:53 pm

    I see you are only accounting for long only. Can something similar be done to include short also when in down trend?

    that system is for 401K

    Posted by matt on 13th of Aug 2020 at 02:29 pm

    that system is for 401K like instruments not for shorting.  

    also shorts have to be treated VERY differently than longs.  Most corrections are fast and quick, emotions are far different, vs uptrends that lasts for years and roll over more slowly. Bear markets typically last a year or slightly more, whereas bull markets last 5 or 10 years.  Sell offs are faster, and can end on a dime, best to take profits much faster than you would on an uptrend as the moves last much shorter times, and best not to wait for full reversals as you give up too much of your short profit.  for shorts I find it best to allow the trend to break i.e. the BPT MA fall below the ribbon on the daily and lose the DVT, then short an overold bounce where the BPT MA is on the underside of the ribbons and pinches green into them, and get a trigger off a the sell cycle from a shorter time frame

    You're reading my mind as

    Posted by 24kau on 13th of Aug 2020 at 01:56 pm

    You're reading my mind as well.  I was thinking that when a daily DVT is hit on the SPX long, can the inverse ETFs indicate entries and DVT exits, which would then prompt one to check the chart for SPX long reentries when the shorts exit.  Matt says it works on any symbol.

    yes 24kau, the amazing thing

    Posted by matt on 14th of Aug 2020 at 11:48 am

    yes 24kau, the amazing thing is the KISS charts work for anything. Heck yesterday evening I trade SI silver futures for fun on 3, 2, 1, 30 second charts and and same exactly signals work.  I tried it with CL crude oil, EURUSD, Forex, gold futures, US Dollar futures, Euro50 futures, bond futures, it didn't matter, the exact same chart settings using the same methodology works 

    Also looks like we might have been approved finally by Tradestation. 

    How I envision that to work: you guys lease the indicators through the TS Network, I then give you my workspaces and we all do group zoom meetings where I show you how to use them.  

    you will then have a set of charts and rules that you can then apply to anything you want

    Any idea what the cost

    Posted by timebandit on 15th of Aug 2020 at 02:55 pm

    Any idea what the cost will be to lease the indicators?

    nope not yet.  And thanks

    Posted by matt on 15th of Aug 2020 at 05:51 pm

    nope not yet.  And thanks for the comments, yes I tried to build a lot of simple rules and disciple into this.  The combination of the indicators and time frames seems to just work astoundingly well and is clean and simple to see.  It will be fun once many of us have these same charts and are looking at the same thing, I'll do live Zoom meetings/teachings of course, but most of you already get the gist, the rules and methodology are simple and logical.  

    Hm, I don't want to

    Posted by 24kau on 14th of Aug 2020 at 12:00 pm

    Hm, I don't want to trade through them, just use the charts.  Looks like it requires a $2K deposit for the privilege?

    24kau, not sure where you

    Posted by hoek2 on 14th of Aug 2020 at 12:38 pm

    24kau, not sure where you saw that it requires $2K deposit.   Pretty sure you are mistaken

    and to Matt's point, that's

    Posted by 24kau on 14th of Aug 2020 at 12:41 pm

    and to Matt's point, that's not enough do-re-mi for normal trading activity anyway, but I was looking to avoid the fees, then I think there's activity minimums as well.

    If you want to avoid

    Posted by 24kau on 14th of Aug 2020 at 12:39 pm

    If you want to avoid the $99/month fee, the minimum deposit for a trading account is $2K.

    yes, but don't you need

    Posted by hoek2 on 14th of Aug 2020 at 12:45 pm

    yes, but don't you need money to trade?   The deposit is not lost, you then use that $2k to make trades....

    if you don't have access to $2k worth of capital to trade I am not sure how you expect to make trades?

    It wasn't the dollar amount

    Posted by 24kau on 14th of Aug 2020 at 12:48 pm

    It wasn't the dollar amount that was the issue--with more than one trading account/service, you have to consider tax statements and downloads of trading data for tax returns and on and on.  Having all that with one account/service just makes all that easier (yes, I do my own taxes, and yes, I hate it).

    Hey Matt, please don't let

    Posted by hoek2 on 14th of Aug 2020 at 01:33 pm

    Hey Matt, please don't let this discourage you.  I will be more than happy to pay the $99/mth fee to have access to the BPTMA on TS, along with several others I am sure...

    Thanks, and keep pushing the team at TS to get this going.

    It's $99/mo for the platform.

    Posted by craigm on 14th of Aug 2020 at 12:35 pm

    It's $99/mo for the platform. What I'm going to do when Matt says everything is ready is pay the $99, download the platform, trade with the indicators for a month using my TDA brokerage account, evaluate how I did, then decide if I want to open a brokerage account with TS, or continue paying the $99/mo to just use the platform. Open a brokerage account with a minimum deposit of $2K and the platform is free: https://www.tradestation.com/pricing/    Might be some minimum trading requirement as well not sure about that

    Sounds like a great plan.

    Posted by 24kau on 14th of Aug 2020 at 12:36 pm

    Sounds like a great plan.

    unclear what you mean. 2K

    Posted by matt on 14th of Aug 2020 at 12:26 pm

    unclear what you mean. 2K for privilege? You need a TS account, you can just play for the platform software and not open an account, but that way I think it's 100 month.  Why not just open a trading account and do trades there then the platform is free. I don't know what you mean but 2K, maybe that's the min required to open a trading account, but what serious trader or investor is only putting 2K into a trading account, come on.  I opened a trading account back in 1995 when I was still in College, that was all I could afford, again I have have no idea what that 2K for privilege means.  Otherwise the facts are you can either just play for their platform without opening an account, or actually open a trading account and deposit money into it and get those fees waived by doing some trades.

    again think of it like you're a carpenter, you need to buy a set of tools in order to do your job, can't you say I want to be a carpenter but I don't want to buy myself a set of tools.  

    Very well said Matt  !

    Posted by iaranger on 14th of Aug 2020 at 01:45 pm

    Very well said Matt  !



    Matt--thanks.  Substitute "advantage" or "benefit"

    Posted by 24kau on 14th of Aug 2020 at 12:35 pm

    Matt--thanks.  Substitute "advantage" or "benefit" for privilege.  And I completely agree with you on all points, I was just trying to keep all my trading in one place, but it's a minor adjustment to make for the benefit (privilege) of getting the new DVT charts.

    and plus you do not

    Posted by hoek2 on 14th of Aug 2020 at 12:40 pm

    and plus you do not have to trade on TS, just use the chart, like using Stockcharts for example.   



    I'm ready when you are.

    Posted by 24kau on 14th of Aug 2020 at 11:50 am

    I'm ready when you are.  For starters, what "level" of membership will we need with Tradestation (assuming there are levels, I don't currently have an account with them)?  I can get started with the membership if this is really close to access.

    Matt - pretty incredible stats,

    Posted by darren_denn on 13th of Aug 2020 at 01:27 pm

    Matt - pretty incredible stats, thanks for sharing.   I might actually be able to retire someday if I follow this closely!!

    Note I added a new

    Posted by matt on 13th of Aug 2020 at 12:25 pm

    Note I added a new sticky post for DVT stats

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