Posted by bpozdoll1717 on 2nd of Jun 2022 at 04:06 pm
Just wanted to once again thank Matt and Steve for all they do.
I only trade the SPY with ETFs and options, plus futures with
MES contracts. YTD I am now + 71% on my portfolio. I
love all the other trade recommendations but don’t have time to
follow closely. So I position trade based upon the market
commentary provided. You guys do a great job and yet care and
are humble. Hard to find that nowadays.
one thing about the systems - you can trade them but also have
opposite trades on at the same time. The systems are mutually
exclusive to our market analysis and so if one trading these
systems, currently they are adding to shorts, it can be a bit tough
mentally going against the grain.
the the flip side we've been leaning for an upside move all week
targeting that consolidation the last couple days as a wave 4 and
we leaned up for a wave 5 - the point is one could have been
following the SPY and ES systems and be short from them, and at at
same time also be long some UPRO or options based on our general
tech analysis.
again - just throwing some things out there to consider that
might help at times -
Basically if the systems are taking a bit of heat, but at
the same time you are making money on other trades, that helps to
not get overly emotional about a bit of system heat
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Just wanted to once again
Posted by bpozdoll1717 on 2nd of Jun 2022 at 04:06 pm
Just wanted to once again thank Matt and Steve for all they do. I only trade the SPY with ETFs and options, plus futures with MES contracts. YTD I am now + 71% on my portfolio. I love all the other trade recommendations but don’t have time to follow closely. So I position trade based upon the market commentary provided. You guys do a great job and yet care and are humble. Hard to find that nowadays.
thanks for the feedback! one thing
Posted by matt on 2nd of Jun 2022 at 04:11 pm
thanks for the feedback!
one thing about the systems - you can trade them but also have opposite trades on at the same time. The systems are mutually exclusive to our market analysis and so if one trading these systems, currently they are adding to shorts, it can be a bit tough mentally going against the grain.
the the flip side we've been leaning for an upside move all week targeting that consolidation the last couple days as a wave 4 and we leaned up for a wave 5 - the point is one could have been following the SPY and ES systems and be short from them, and at at same time also be long some UPRO or options based on our general tech analysis.
again - just throwing some things out there to consider that might help at times - Basically if the systems are taking a bit of heat, but at the same time you are making money on other trades, that helps to not get overly emotional about a bit of system heat