like I said, nothing new with the systems, I was hoping the DVDS
would have closed out today, it was meeting exit conditions when
the market was down.
currently we have the DVDS short on the SPY and the
Trend/Pullback Long (though we took some profits on the DVDS). And
on ES we have the Breakout Long, The Trend/Pullback Long, and the
DVDS short so we are more long than short, so quite the combination
of both longs and shorts sort of canceling one another out until
they start to close out.
I actually kind of like when you have both longs and shorts at
the same time as hedging one another, kind of neat
Posted by mastermind on 7th of Apr 2022 at 05:37 pm
I take it as a sign that the near term direction is not very
predictable, but I'm not sure it makes sense to use SPX vehicles to
hedge other SPX positions. I would rather try to buy relative
strength and short relative weakness. For instance I took
another swing at YANG because China stocks look weak and may face
headwinds from the new lockdowns around the country. I did take my
first options trade based on BPT signals from the trend/pullback
call yesterday, but cashed it in today for a nice 11% gain. Still
more inclined to take the long signals than the short ones, but I
wish I had acted on the DVDS short more aggressively and promptly a
couple of days ago.
Yes I fully agree with you Matt. Firstly I use options on both
SPY and ES on both longs and shorts. On the futures it is a little
more difficult but what I have done is opened a MES on all the
longs and an MNQ on the shorts. That is why I enjoy having all the
systems as you are now indicating them.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
like I said, nothing new
Matt, are any of the SPY systems going to exit ...
Posted by matt on 7th of Apr 2022 at 04:56 pm
like I said, nothing new with the systems, I was hoping the DVDS would have closed out today, it was meeting exit conditions when the market was down.
currently we have the DVDS short on the SPY and the Trend/Pullback Long (though we took some profits on the DVDS). And on ES we have the Breakout Long, The Trend/Pullback Long, and the DVDS short so we are more long than short, so quite the combination of both longs and shorts sort of canceling one another out until they start to close out.
I actually kind of like when you have both longs and shorts at the same time as hedging one another, kind of neat
I take it as a
Posted by mastermind on 7th of Apr 2022 at 05:37 pm
I take it as a sign that the near term direction is not very predictable, but I'm not sure it makes sense to use SPX vehicles to hedge other SPX positions. I would rather try to buy relative strength and short relative weakness. For instance I took another swing at YANG because China stocks look weak and may face headwinds from the new lockdowns around the country. I did take my first options trade based on BPT signals from the trend/pullback call yesterday, but cashed it in today for a nice 11% gain. Still more inclined to take the long signals than the short ones, but I wish I had acted on the DVDS short more aggressively and promptly a couple of days ago.
Yes I fully agree with
Posted by mundy on 7th of Apr 2022 at 05:18 pm
Yes I fully agree with you Matt. Firstly I use options on both SPY and ES on both longs and shorts. On the futures it is a little more difficult but what I have done is opened a MES on all the longs and an MNQ on the shorts. That is why I enjoy having all the systems as you are now indicating them.