- CCI system exited
- Trend/Pullback did not exit
- QE BTS system is exiting tomorrow on the open
for the website we have 2 long SPY call options for the 2nd
entry - I'm exiting one of them to reduce some risk and lock in
some profits. I'm keeping the other stuff.
you can choose to do what fits your risk tolerance - remember
options trades for 15 min after the cash market close.
with ES futures up 61 points, aren't you guys happy that I only
elected to exit one call option yesterday vs all of them, and no
ETFs?
The QE BTS sub system received its exit condition yesterday but
then elects to exit on the next day's open because over the long
term history has shown that most of the markets gains are made
overnight via gap ups in the morning -that's why it does it, today
that obvious works.
One of the Trend / Pullback systems will exit at the close, and
the other one will probably continue to hold but I won't know until
the open
Thanks Matt; I know that gets kind of crazy there at the close!
Added to the position with QLD on Friday near the lows. It
helps to know the SPY system is in a trade even if it didn't take
an official position on Friday. I've sold some, kept
some...so far nicely profitable.
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SPY systems and Trade notification
Posted by matt on 6th of Dec 2021 at 04:02 pm
systems update for the close:
- CCI system exited
- Trend/Pullback did not exit
- QE BTS system is exiting tomorrow on the open
for the website we have 2 long SPY call options for the 2nd entry - I'm exiting one of them to reduce some risk and lock in some profits. I'm keeping the other stuff.
you can choose to do what fits your risk tolerance - remember options trades for 15 min after the cash market close.
with ES futures up 61
Posted by matt on 7th of Dec 2021 at 08:54 am
with ES futures up 61 points, aren't you guys happy that I only elected to exit one call option yesterday vs all of them, and no ETFs?
The QE BTS sub system received its exit condition yesterday but then elects to exit on the next day's open because over the long term history has shown that most of the markets gains are made overnight via gap ups in the morning -that's why it does it, today that obvious works.
One of the Trend / Pullback systems will exit at the close, and the other one will probably continue to hold but I won't know until the open
That’s why we love your
Posted by timebandit on 7th of Dec 2021 at 09:17 am
That’s why we love your systems, Matt. You’ve put a lot of time and work into refining them
nice job Matt! thx
Posted by morton7 on 7th of Dec 2021 at 08:58 am
nice job Matt! thx
Thanks Matt; I know that
Posted by cozz101 on 6th of Dec 2021 at 04:19 pm
Thanks Matt; I know that gets kind of crazy there at the close! Added to the position with QLD on Friday near the lows. It helps to know the SPY system is in a trade even if it didn't take an official position on Friday. I've sold some, kept some...so far nicely profitable.