Open SPY system trade may stop out today

    Posted by matt on 12th of Oct 2021 at 11:38 am

    early FYI the open SPY system long trade may stop out today unless price can rally

    regarding that open SPY system

    Posted by matt on 12th of Oct 2021 at 04:02 pm

    regarding that open SPY system trade - looks like the exit condition held

    this system exits next day open so tomorrow - let's split the difference exit 1/2 today and 1/2 tomorrow on the open

    Wowsa !  Haven't seen one

    Posted by fredsaid on 12th of Oct 2021 at 11:40 am

    Wowsa !  Haven't seen one of those in a while.

    what stops? I haven't checked

    Posted by matt on 12th of Oct 2021 at 11:44 am

    what stops? I haven't checked the option, which may have degraded some but the SPY system ETF purchase is above its entry price, it's not stopping out for a loss, one of the trending indicators is flipping

    we had a reversion to mean bounce from the entry and price got above a short term MA like the 9 EMA - the trade was being held by an indicator hoping for a better move higher, that indicator is now flipping red, but the pure reversion to mean entry to bounce did play out

    basically it's not exactly a

    Posted by matt on 12th of Oct 2021 at 11:49 am

    basically it's not exactly a stop or traditional stop

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