The CCI Oversold Divergence sub system will be closing out
today. Yes yes I know that not everyone is in this one because of
the Friday event where I sent out a retraction email only to
discover that the trade did occur later on. Many of you kept
your position and some did not, is what it is, but as I covered on
the weekend that was such a rare event, literally 1 penny in SPY
price caused that issue so it's not something to lose faith of the
systems from, but was a rare unfortunate event.
That said the CCI system is closing out today, has a very nice
profit for those of you fortunatel enough to have taken and still
been in the trade, I apologize for those who are not in
it.
That said while the system is closing out end of day, I think
given the election we could see some pullback in the afternoon
nervous nellies' selling late today ahead of the election.
Therefore I'm locking in the profit now for the option trade. You
of course can do that or wait to the close, whatever works best for
you.
However on a side note, I'm electing to keep the SPY ETF portion
option. See the attached image: There's also still an open QE
BTS sub system. I'm electing to keep the SPY ETF portion of
the CCI trade open since that system is still long and then close
it out once that QE BTS sub system closes. You of course can choose
to do what fits you best. I locked in a price of $31 for the
option, it was purchased at 24.60 on Friday
Posted by xxkumarxx on 3rd of Nov 2020 at 07:52 pm
Does this system have stop loss or does it take 2nd and 3rd
entries if the stock was to move lower? What would the exit
be if we did not move over 9ema.
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SPY systems update
Posted by matt on 3rd of Nov 2020 at 12:46 pm
The CCI Oversold Divergence sub system will be closing out today. Yes yes I know that not everyone is in this one because of the Friday event where I sent out a retraction email only to discover that the trade did occur later on. Many of you kept your position and some did not, is what it is, but as I covered on the weekend that was such a rare event, literally 1 penny in SPY price caused that issue so it's not something to lose faith of the systems from, but was a rare unfortunate event.
That said the CCI system is closing out today, has a very nice profit for those of you fortunatel enough to have taken and still been in the trade, I apologize for those who are not in it.
That said while the system is closing out end of day, I think given the election we could see some pullback in the afternoon nervous nellies' selling late today ahead of the election. Therefore I'm locking in the profit now for the option trade. You of course can do that or wait to the close, whatever works best for you.
However on a side note, I'm electing to keep the SPY ETF portion option. See the attached image: There's also still an open QE BTS sub system. I'm electing to keep the SPY ETF portion of the CCI trade open since that system is still long and then close it out once that QE BTS sub system closes. You of course can choose to do what fits you best. I locked in a price of $31 for the option, it was purchased at 24.60 on Friday
showing the CCI trade closed
Posted by matt on 3rd of Nov 2020 at 04:12 pm
showing the CCI trade closed out at the end of day, and new stats. The QE BTS still long though
Does this system have stop
Posted by xxkumarxx on 3rd of Nov 2020 at 07:52 pm
Does this system have stop loss or does it take 2nd and 3rd entries if the stock was to move lower? What would the exit be if we did not move over 9ema.