First off very nice trade, the current sub system is looking to
exit today at the close unless the market falls out of bed
Secondly as some of you know following the melt down in Feb/Mar
I added a second aggressive exit signal to this sub system to help
prevent it from getting caught in a big sell off like that. That
said while the change is very good at preventing that, the negative
side is that it shortens the trades a lot and you no longer get any
running trades that last 2 or 3 weeks or a month, you give
that up.
So here's some images for you you took at the stats (which are
not all that different but the main difference is the drawdown is
2.5X higher than the current system because of the March trade. you
can see this on the profit curve too
Compare the SPY charts of both versions, the current one is at
the top and the previous version (that can hold trades long) is at
the bottom. I've placed arrows on each trade where the old version
held longer.
So for you guys, decide either to just follow the current system
and exit today, or one option would be to split the difference and
sell 1/2 today and keep the other 1/2 until the original system
closes out. If one chose that second option my suggestion would be
to place a stop such as at the trade entry or higher so that you
ensure a profitable trade no matter what
Posted by moshark99 on 2nd of Feb 2021 at 10:42 am
Hey Matt...Im out of SPY but got the notice too late on Friday
to get back in, was going to do some slightly ITM options, has the
train left the station, or do you think it would be worth
doing....Thanks (BTW is there a way to get a bit earlier
notice during the trading day)
First off regarding Friday I sent out an early notification
email mid day on Friday and followed up with probably 8 or 10
posts, then confirmed the trade 2 min after the close. SPY options
trade for 15 min after the close so was plenty of time to enter on
Friday - it's not like there was on email that was sent at the
close, was tons of communications all day on it.
that said entering the trade now? While you may elect to go long
the market on your own, don't do it because of the SPY system
trade, you missed the entry and yesterday rally and today's rally
pushed prices way to far from the entry to base a long on that
system. Again for someone looking to go back long the market
your decision should be based on other things and not the SPY
system trade
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Early Trade notification regarding the open SPY Trend Pullback long - CLICK title link below to expand
Posted by matt on 2nd of Feb 2021 at 10:05 am
First off very nice trade, the current sub system is looking to exit today at the close unless the market falls out of bed
Secondly as some of you know following the melt down in Feb/Mar I added a second aggressive exit signal to this sub system to help prevent it from getting caught in a big sell off like that. That said while the change is very good at preventing that, the negative side is that it shortens the trades a lot and you no longer get any running trades that last 2 or 3 weeks or a month, you give that up.
So here's some images for you you took at the stats (which are not all that different but the main difference is the drawdown is 2.5X higher than the current system because of the March trade. you can see this on the profit curve too
Compare the SPY charts of both versions, the current one is at the top and the previous version (that can hold trades long) is at the bottom. I've placed arrows on each trade where the old version held longer.
So for you guys, decide either to just follow the current system and exit today, or one option would be to split the difference and sell 1/2 today and keep the other 1/2 until the original system closes out. If one chose that second option my suggestion would be to place a stop such as at the trade entry or higher so that you ensure a profitable trade no matter what
Matt - Thanks for this
Posted by shecar on 2nd of Feb 2021 at 10:37 am
Matt - Thanks for this breakdown. If we keep 1/2, will you still provide the signals for the original system as well? Exit signal, 2nd entries etc..
yes I will
Posted by matt on 2nd of Feb 2021 at 10:37 am
yes I will
Hey Matt...Im out of SPY
Posted by moshark99 on 2nd of Feb 2021 at 10:42 am
Hey Matt...Im out of SPY but got the notice too late on Friday to get back in, was going to do some slightly ITM options, has the train left the station, or do you think it would be worth doing....Thanks (BTW is there a way to get a bit earlier notice during the trading day)
First off regarding Friday I
Posted by matt on 2nd of Feb 2021 at 10:56 am
First off regarding Friday I sent out an early notification email mid day on Friday and followed up with probably 8 or 10 posts, then confirmed the trade 2 min after the close. SPY options trade for 15 min after the close so was plenty of time to enter on Friday - it's not like there was on email that was sent at the close, was tons of communications all day on it.
that said entering the trade now? While you may elect to go long the market on your own, don't do it because of the SPY system trade, you missed the entry and yesterday rally and today's rally pushed prices way to far from the entry to base a long on that system. Again for someone looking to go back long the market your decision should be based on other things and not the SPY system trade