FYI I sent out an email about 10 min ago - I elected to take 1/2
off on the open ES short. That's just my style - the mean reversion
occurred yesterday. image shows the QE short the version on left
has the trending condition turned on and will hold, while the one
on the right shows it turned off and thus the system exited on the
pure mean reversion. So what I'm doing is 'splitting the
difference'
it remains to be seen which strategy will make the most money:
i.e. keeping a full position until the trending version finally
exits, or selling some here. That's going to depend of course on
what the market does - if it sells off to new lows next week, then
staying in the whole position and not covering 1/2 would have been
your better option.
you go with what you think is best. I will obviously communicate
when the trending version finally exits because we will cover the
other 1/2 short whenever that version finally exits.
FYI I sent out an
SPX I see 5 small waves down on SPX from ...
Posted by matt on 14th of Sep 2022 at 03:48 pm
FYI I sent out an email about 10 min ago - I elected to take 1/2 off on the open ES short. That's just my style - the mean reversion occurred yesterday. image shows the QE short the version on left has the trending condition turned on and will hold, while the one on the right shows it turned off and thus the system exited on the pure mean reversion. So what I'm doing is 'splitting the difference'
it remains to be seen which strategy will make the most money: i.e. keeping a full position until the trending version finally exits, or selling some here. That's going to depend of course on what the market does - if it sells off to new lows next week, then staying in the whole position and not covering 1/2 would have been your better option.
you go with what you think is best. I will obviously communicate when the trending version finally exits because we will cover the other 1/2 short whenever that version finally exits.
remember OPEX tomorrow guys -
Posted by matt on 14th of Sep 2022 at 04:01 pm
remember OPEX tomorrow guys - likely a lot of gyrations but probably not some big trend day in one direction.
to me it's next week where the market will make its real decision.
Opex Fri 9/16.
Posted by mitchell on 14th of Sep 2022 at 07:45 pm
Opex Fri 9/16.