FYI early heads up looks like the open SPY system trade is
looking to exit today. This morning it wasn't looking to exit but
as the market has reversed it now has that potential. That's a good
point should the market recover again intra day and go back near
the highs it's possible that it may then decide to hold, but should
the market remain down where it is, it will exit.
Again I'll confirm later today but you can use this information
now how you see fit. It's been a nice trade
I like how I started using both versions of the SPY
Trend/Pullback systems - exit the option trade when the faster
version exits, then place a stop on the ETF at entry and exit by
that original version - the stop gives protection in case the
market fell off a cliff, which prevents that old version from
getting stuck in a trade, and when it runs we capture it
Open SPY Trend/Pullback trade looking to exit today
Posted by matt on 25th of May 2021 at 11:12 am
FYI early heads up looks like the open SPY system trade is looking to exit today. This morning it wasn't looking to exit but as the market has reversed it now has that potential. That's a good point should the market recover again intra day and go back near the highs it's possible that it may then decide to hold, but should the market remain down where it is, it will exit.
Again I'll confirm later today but you can use this information now how you see fit. It's been a nice trade
obviously that system trade is
Posted by matt on 25th of May 2021 at 03:53 pm
obviously that system trade is going to cash
another nice trade by the
Posted by matt on 25th of May 2021 at 04:08 pm
another nice trade by the systems
A beautiful system trade
Posted by steve on 25th of May 2021 at 04:13 pm
A beautiful system trade
I like how I started
Posted by matt on 25th of May 2021 at 04:17 pm
I like how I started using both versions of the SPY Trend/Pullback systems - exit the option trade when the faster version exits, then place a stop on the ETF at entry and exit by that original version - the stop gives protection in case the market fell off a cliff, which prevents that old version from getting stuck in a trade, and when it runs we capture it
Agreed. A good combination. Next
Posted by rfmathis on 25th of May 2021 at 04:20 pm
Agreed. A good combination. Next time, I will buy a little of both (stock and option).