I'm confused too. I remember your comment that for those who
don't trade the ES, we can use the SPY instead. I'm struggling to
understand the different systems. Maybe you can comment about
it during one of your nightly updates.
I realize that I need to read more about what you've written
about these systems. It wasn't clear to me that only a few
systems would apply under these market conditions. What isn't yet
clear to me is the approximate risk level for each and which is
likely to be held for the shortest duration. I don't know whether
to jump on each trade or try to be selective. Thanks for taking the
time to clarify this. I didn't want you to feel obligated to do
that during market hours and appreciate your efforts.
not everything is covered and that section needs to be totally
redone (which will be but we've focused on providing trades vs
making everything pretty for marketing) but read the long
description page there for an overview and understanding
you don't need to understand the systems. All you guys have to
do is decide how much capital you decide to allocate to the systems
if you are going to trade them - best if you can put that money in
a separate account. The systems are very mathematical and
methodical, unlike most people who are emotional and undisciplined.
They are easy to follow as I send out trade entries and exits. And
again in these market conditions, only a few systems could ever be
in the market - the majority of the systems couldn't enter trades
under these conditions because many only trade in bull markets or
uptrending markets- most cannot trigger.
Also your comment about not knowing what trades you entered?
that's not our fault - you have to keep track of your own
trades
also you can figure that out easily - go and look at the
dates you entered those trades - then refer to the trade table, you
should be able to match them up!
here's the trade table with dates entered
Yes, you can CHOOSE to use SPY for an ES trade, but if so, that
doesn't make it a SPY trade, so selling it would have to wait for
an ES sell. So you would have to keep track yourself of which
ES trades used SPY instead and which SPY trades used SPY.
I realize that now, however, I'm beyond overwhelmed by 24
different system possibilities, how they differ, or which best
suits my needs. I don't remember which trades I took, so I'll just
exit with your first exit call and try to get a better handle on
how to do this next time.
Jeez, I wrote that to give some good general info on the systems
not confuse people
There's not 24 systems here: one is the KISS, one is the
breakout, those will not be doing trades. Also a good handful only
do trades in bull markets and cannot do trades under these market
conditions - probably only about 2 - 3 systems could do a trade
under current market conditions. Not 24 of them. One doesn't
have to understand all the systems - you can simply follow the
exact trade signals I send out for entries and exits
Also - treat each system like its own. There's no reason for you
to be confused - I state which system enters and which system exits
- why not just follow the exact trade signals I email out
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I'm confused too. I remember
Matt, just so i get my exits right... SPY trade ...
Posted by claire on 28th of Sep 2022 at 12:48 pm
I'm confused too. I remember your comment that for those who don't trade the ES, we can use the SPY instead. I'm struggling to understand the different systems. Maybe you can comment about it during one of your nightly updates.
Claire these systems are purely
Posted by mirhamedali on 28th of Sep 2022 at 02:19 pm
Claire these systems are purely mechanical and proprietary. I wouldnt try to understand the different systems... That's just my opinion.
I realize that I need
Posted by claire on 28th of Sep 2022 at 02:32 pm
I realize that I need to read more about what you've written about these systems. It wasn't clear to me that only a few systems would apply under these market conditions. What isn't yet clear to me is the approximate risk level for each and which is likely to be held for the shortest duration. I don't know whether to jump on each trade or try to be selective. Thanks for taking the time to clarify this. I didn't want you to feel obligated to do that during market hours and appreciate your efforts.
not everything is covered and
Posted by matt on 28th of Sep 2022 at 02:35 pm
not everything is covered and that section needs to be totally redone (which will be but we've focused on providing trades vs making everything pretty for marketing) but read the long description page there for an overview and understanding
https://breakpointtrades.com/new_spy/#home
read the FAQ
https://breakpointtrades.com/new_spy/#faq
look over the statistics (which only show spy) but they show statistics and things like max draw down,
https://breakpointtrades.com/new_spy/#stats
Thanks again. I'll do my
Posted by claire on 28th of Sep 2022 at 02:39 pm
Thanks again. I'll do my homework this time.
back to focusing on the
Posted by matt on 28th of Sep 2022 at 02:35 pm
back to focusing on the market
you don't need to understand
Posted by matt on 28th of Sep 2022 at 02:26 pm
you don't need to understand the systems. All you guys have to do is decide how much capital you decide to allocate to the systems if you are going to trade them - best if you can put that money in a separate account. The systems are very mathematical and methodical, unlike most people who are emotional and undisciplined. They are easy to follow as I send out trade entries and exits. And again in these market conditions, only a few systems could ever be in the market - the majority of the systems couldn't enter trades under these conditions because many only trade in bull markets or uptrending markets- most cannot trigger.
Also your comment about not knowing what trades you entered? that's not our fault - you have to keep track of your own trades
also you can figure that out easily - go and look at the dates you entered those trades - then refer to the trade table, you should be able to match them up! here's the trade table with dates entered
Yes, you can CHOOSE to
Posted by 24kau on 28th of Sep 2022 at 12:53 pm
Yes, you can CHOOSE to use SPY for an ES trade, but if so, that doesn't make it a SPY trade, so selling it would have to wait for an ES sell. So you would have to keep track yourself of which ES trades used SPY instead and which SPY trades used SPY.
I realize that now, however,
Posted by claire on 28th of Sep 2022 at 01:03 pm
I realize that now, however, I'm beyond overwhelmed by 24 different system possibilities, how they differ, or which best suits my needs. I don't remember which trades I took, so I'll just exit with your first exit call and try to get a better handle on how to do this next time.
Jeez, I wrote that to
Posted by matt on 28th of Sep 2022 at 02:11 pm
Jeez, I wrote that to give some good general info on the systems not confuse people
There's not 24 systems here: one is the KISS, one is the breakout, those will not be doing trades. Also a good handful only do trades in bull markets and cannot do trades under these market conditions - probably only about 2 - 3 systems could do a trade under current market conditions. Not 24 of them. One doesn't have to understand all the systems - you can simply follow the exact trade signals I send out for entries and exits
Also - treat each system like its own. There's no reason for you to be confused - I state which system enters and which system exits - why not just follow the exact trade signals I email out