Hi Jackbenimble. Thank you for the interesting graph with the
various allocation of funds percentage. This year 2021 has been
particularly successful and has been relatively stress free trading
with only three 2nd entries. I have been trading the SPY
system since 2015 with firstly the E-mini futures and over the past
two year the Macro minis(one tenth of the E-minis). Draw-downs were
at times extremely stressful. Matt re-engineered the Trend system
to reduce the draw-downs of especially the first signal. I have
also been trading the options during the past 5 years and have
experimented with various option possibilities such as buying
calls, even selling puts on 3rd signals because of the high IV
values after a 5-10% correction. During this period I have settled
on calls for the first signals with strikes close to ATM. On the
2nd signal I have been trading call spreads but with twice the $
value and on the 3rd signals I have a)sold puts with large
premiums, b) bought call spreads and c) bought relatively cheap
call options hoping the move back up will bring the option strike
closer to the actual stock price after some time. The third
signals were again compounded to 3* the value of the first signal.
Unfortunately I have not kept an accurate log of all the
"experiments". Question to all of you. Has anyone else experimented
with various option approaches which could be of use to us all?
Hi Jackbenimble. Another observation. I have never been
able to trade using anything close to 10% of my trading account on
any signal. Would be interested to hear whether any other
traders have loaded up with options to that degree based on the BPT
SPY signal.
Posted by jackbnimble on 11th of Jul 2021 at 01:19 pm
I can change future updates to have a 5% allocation instead
of an 80%. May be more useful. As of late, I keep most of my
account in cash (don’t trust the market), which means I have plenty
available to true behind systems I have faith in
as I said on Friday I'll eventually be adding in more reversion
to mean system trade for the website. You saw how that McClellan
Trade signal played out perfectly for IWM last Thursday into
Friday. I'll eventually add the McClellan systems for the 4
major indexes (Dow, SPX, QQQ, IWM) and of course those sectors
Chart Update: The Powerful Spy
Posted by jackbnimble on 9th of Jul 2021 at 04:24 pm
Chart Update: The Powerful Spy Options System Trades
Yet another great trade shows just how useful even a small allocation (10%) can be.
Hi Jackbenimble. Thank you for
Posted by mundy on 11th of Jul 2021 at 02:08 am
Hi Jackbenimble. Thank you for the interesting graph with the various allocation of funds percentage. This year 2021 has been particularly successful and has been relatively stress free trading with only three 2nd entries. I have been trading the SPY system since 2015 with firstly the E-mini futures and over the past two year the Macro minis(one tenth of the E-minis). Draw-downs were at times extremely stressful. Matt re-engineered the Trend system to reduce the draw-downs of especially the first signal. I have also been trading the options during the past 5 years and have experimented with various option possibilities such as buying calls, even selling puts on 3rd signals because of the high IV values after a 5-10% correction. During this period I have settled on calls for the first signals with strikes close to ATM. On the 2nd signal I have been trading call spreads but with twice the $ value and on the 3rd signals I have a)sold puts with large premiums, b) bought call spreads and c) bought relatively cheap call options hoping the move back up will bring the option strike closer to the actual stock price after some time. The third signals were again compounded to 3* the value of the first signal. Unfortunately I have not kept an accurate log of all the "experiments". Question to all of you. Has anyone else experimented with various option approaches which could be of use to us all?
Hi Jackbenimble. Another observation. I
Posted by mundy on 11th of Jul 2021 at 04:18 am
Hi Jackbenimble. Another observation. I have never been able to trade using anything close to 10% of my trading account on any signal. Would be interested to hear whether any other traders have loaded up with options to that degree based on the BPT SPY signal.
I can change future updates
Posted by jackbnimble on 11th of Jul 2021 at 01:19 pm
I can change future updates to have a 5% allocation instead of an 80%. May be more useful. As of late, I keep most of my account in cash (don’t trust the market), which means I have plenty available to true behind systems I have faith in
Jackbnimble I do not see
Posted by mundy on 11th of Jul 2021 at 05:43 pm
Jackbnimble I do not see much interest in your post other than my comments. Please contact me at mundy@iafrica.com to discuss in more detail. Thanks
as I said on Friday
Posted by matt on 11th of Jul 2021 at 12:20 pm
as I said on Friday I'll eventually be adding in more reversion to mean system trade for the website. You saw how that McClellan Trade signal played out perfectly for IWM last Thursday into Friday. I'll eventually add the McClellan systems for the 4 major indexes (Dow, SPX, QQQ, IWM) and of course those sectors
Really excited about this Matt!
Posted by focus175 on 11th of Jul 2021 at 03:54 pm
Really excited about this Matt! Been wanting to find a way to utilize system trades for the other major indexes.