Matt, Do you take all of the SPY system trades, or apply your
own judgment as an additional layer in your decision? If you were
running a model portfolio for your individual account, what % of
equity would each trade represent, if restricted to ETFs (SPY,
SSO)? Does your individual judgment influence the position size?
Thanks much
I have been trading the SPY system since 2015. I purchased the
ES system from Matt back in 2015. i do not trade both at the same
time but I do trade whenever one and not the other is
triggered.
I have also drawn up a trading plan where I allocate $ option
trades on the SPY according to the signal received. Note that I do
not include the breakout trade as it seldom if ever trades with
another signal.
I do have a spreadsheet which I hope has loaded correctly for
comment and for helping you develop your own trading plan
For the QE BTS 3.2 system 1st entry long, shouldn't it be : $10K
SPY (rather than SSO), 1 (rather than 2) SPY May 20th call options
with 408 strike price ?
SPY systems trade details
Posted by matt on 23rd of Feb 2022 at 04:01 pm
- Trend/Pullback 2nd entry: $10K SSO, 2 SPY May 20th call options with 408 strike price
- QE BTS 3.2 system 1st entry long: $10K SPY, 2 SPY May 20th call options with 408 strike price
(realize that options are super expensive now because of the VIX and when the VIX comes down again some premium can be lost)
Make sure to read my post from earlier given the backdrop of the market, https://breakpointtrades.com/blog/post/359593/
Matt, Do you take all
Posted by te22 on 23rd of Feb 2022 at 04:28 pm
Matt, Do you take all of the SPY system trades, or apply your own judgment as an additional layer in your decision? If you were running a model portfolio for your individual account, what % of equity would each trade represent, if restricted to ETFs (SPY, SSO)? Does your individual judgment influence the position size? Thanks much
Hi te22. I have been trading
Posted by mundy on 23rd of Feb 2022 at 06:58 pm
Hi te22.
I have been trading the SPY system since 2015. I purchased the ES system from Matt back in 2015. i do not trade both at the same time but I do trade whenever one and not the other is triggered.
I have also drawn up a trading plan where I allocate $ option trades on the SPY according to the signal received. Note that I do not include the breakout trade as it seldom if ever trades with another signal.
I do have a spreadsheet which I hope has loaded correctly for comment and for helping you develop your own trading plan
Matt, did you get the
Posted by mundy on 24th of Feb 2022 at 10:51 pm
Matt, did you get the spreadsheet I e-mailed to you?
Spreadsheet did not come through
Posted by bpozdoll1717 on 23rd of Feb 2022 at 07:00 pm
Spreadsheet did not come through
I seem to have made
Posted by mundy on 23rd of Feb 2022 at 07:00 pm
I seem to have made a mess of uploading my spreadsheet.
Thats a great question. I
Posted by arun on 23rd of Feb 2022 at 04:34 pm
Thats a great question. I always thought of a similar question. lets see what Matt has to say
a 3rd entry on that
Posted by matt on 23rd of Feb 2022 at 05:14 pm
a 3rd entry on that open ES sub system - no new other systems
For the QE BTS 3.2
Posted by sim2009 on 23rd of Feb 2022 at 04:23 pm
For the QE BTS 3.2 system 1st entry long, shouldn't it be : $10K SPY (rather than SSO), 1 (rather than 2) SPY May 20th call options with 408 strike price ?
yes
Posted by matt on 23rd of Feb 2022 at 04:24 pm
yes
Matt QE BTS 1st entry...
Posted by retirefire on 23rd of Feb 2022 at 04:04 pm
Matt QE BTS 1st entry... Why SSO and 2 options?
2nd entry on one system
Posted by matt on 23rd of Feb 2022 at 04:05 pm
2nd entry on one system and 1st entry on another