Posted by Breakdown on 28th of Sep 2022 at 03:51 pm
It think it would be a good idea if we're told how many
positions the subsystems are adding or liquidating IN TOTAL to
lessen the confusion . This would be beneficial for those of
us here who don't necessarily trade the ES, but the SPY. I
myself trade the SPY for the ES.
Posted by lewiscook on 28th of Sep 2022 at 04:33 pm
Yes, you have, Matt.
Otherwise, we all knew the market was extremely oversold, due to
bounce and that often news can be the excuse needed for technical
chart analysis to execute. This said, I hope to hear on your
newsletter tonight what you think of the BOE action today......
Thanks for all you and Steve do
Posted by DigiNomad on 28th of Sep 2022 at 04:14 pm
I post every month or so that a "system on systems" for Matts
system trades would be very useful. If you manage your
personal portfolio with allocation profiles / percentages
or many portfolios for clients, you know why that would be
awesome. Never had a comment in return but I'm still interested in
coming up with something like that....whether rules based or
algorithmic, or both (they are sort of synonymous). Its not a
simple thing...or maybe it is and I'm just missing it. Would love
to hear if someone has a rules based approach to executing system
trades from an net liq %, buying power %, etc
basis.
Posted by DigiNomad on 28th of Sep 2022 at 04:18 pm
From an extremely simplistic point of view, you could allocate
say 5% of portfolio to BPT system trades. Easy? Nope. How many
system trades are in play over an average time frame? How do you
account for 2nd and 3rd entries? Etc. It's a complicated
puzzle.
The systems are so simple to follow, I'm frankly lost how this
is said to be complicated.
I run a "dumb program". Enter the trades when it enters, exit
when it exits. In between do nothing, don't read news, watch the
market, or trade.
My grandson knows how to do it and he's going on 8. He's
says Papa what does the system say to do today? It's that simple.
Less is more.
If I'm already long in one trading system, I stick with it and
don't start others. I will add 2nd or 3rd entries in the system I'm
using if needed. Everything else is informational to me.
As said before specialists make money, others typically waste
time and money. Master a strategy and stick with it.
Well said Fundamentalvalues. I do though run up to 5 systems and
have a spreadsheet in which I calculate how many contracts for
every signal. With options I calculate a $ value and do those as
well.
Posted by DigiNomad on 28th of Sep 2022 at 05:15 pm
Agree. I took "master a strategy and stick to it" to another
level in personal portfolios. Maybe complex to some, but it's like
mowing the lawn for me at this point.
Matt's system trades do affect how I balance these opposing
positions.
Posted by DigiNomad on 28th of Sep 2022 at 04:39 pm
Strategy is everything. You didn't describe yours for
multiple strategies in play. What % of net liq or buying power do
you allocate per system? Have you ever been pressed (aka margin
call) with too many systems in play and second entries ?
DigiNomad, I have shared my spreadsheet with number of contracts
etc with a few members already. If you are interested please e-mail
me on mundy@iafrica.com
If this is for me, please read my full post. It is that simple
for me. No margin calls, or complicated moves otherwise, I use
cash. And set amounts for entries. Use a dollar amount or
percentage, whatever is comfortable.
I've taught my grandson, he is my new trading partne, and you
all here on the site.
Posted by retirefire on 28th of Sep 2022 at 04:07 pm
Very clear on Systems, I also prepare before 4pm close. I also
have written on paper which System, what trade entry and price.
Make a templet so it's easy to follow.
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It think it would be
Posted by Breakdown on 28th of Sep 2022 at 03:51 pm
It think it would be a good idea if we're told how many positions the subsystems are adding or liquidating IN TOTAL to lessen the confusion . This would be beneficial for those of us here who don't necessarily trade the ES, but the SPY. I myself trade the SPY for the ES.
We already do that -
Posted by matt on 28th of Sep 2022 at 03:59 pm
We already do that - all year long I have been saying which systems and parts we are exiting or entering
come on guys - if you are going to follow the systems, you need to also be disciplined about it and pay attention
Yes, you have, Matt. Otherwise,
Posted by lewiscook on 28th of Sep 2022 at 04:33 pm
Yes, you have, Matt.
Otherwise, we all knew the market was extremely oversold, due to bounce and that often news can be the excuse needed for technical chart analysis to execute. This said, I hope to hear on your newsletter tonight what you think of the BOE action today...... Thanks for all you and Steve do
I post every month or
Posted by DigiNomad on 28th of Sep 2022 at 04:14 pm
I post every month or so that a "system on systems" for Matts system trades would be very useful. If you manage your personal portfolio with allocation profiles / percentages or many portfolios for clients, you know why that would be awesome. Never had a comment in return but I'm still interested in coming up with something like that....whether rules based or algorithmic, or both (they are sort of synonymous). Its not a simple thing...or maybe it is and I'm just missing it. Would love to hear if someone has a rules based approach to executing system trades from an net liq %, buying power %, etc basis.
From an extremely simplistic point
Posted by DigiNomad on 28th of Sep 2022 at 04:18 pm
From an extremely simplistic point of view, you could allocate say 5% of portfolio to BPT system trades. Easy? Nope. How many system trades are in play over an average time frame? How do you account for 2nd and 3rd entries? Etc. It's a complicated puzzle.
The systems are so simple
Posted by fundamentalvalues on 28th of Sep 2022 at 04:29 pm
The systems are so simple to follow, I'm frankly lost how this is said to be complicated.
I run a "dumb program". Enter the trades when it enters, exit when it exits. In between do nothing, don't read news, watch the market, or trade.
My grandson knows how to do it and he's going on 8. He's says Papa what does the system say to do today? It's that simple. Less is more.
If I'm already long in one trading system, I stick with it and don't start others. I will add 2nd or 3rd entries in the system I'm using if needed. Everything else is informational to me.
As said before specialists make money, others typically waste time and money. Master a strategy and stick with it.
Well said Fundamentalvalues. I do
Posted by mundy on 28th of Sep 2022 at 07:46 pm
Well said Fundamentalvalues. I do though run up to 5 systems and have a spreadsheet in which I calculate how many contracts for every signal. With options I calculate a $ value and do those as well.
Agree. I took "master a
Posted by DigiNomad on 28th of Sep 2022 at 05:15 pm
Agree. I took "master a strategy and stick to it" to another level in personal portfolios. Maybe complex to some, but it's like mowing the lawn for me at this point.
Matt's system trades do affect how I balance these opposing positions.
Thanks for sharing man
Posted by fundamentalvalues on 28th of Sep 2022 at 05:57 pm
Thanks for sharing man
Strategy is everything. You didn't
Posted by DigiNomad on 28th of Sep 2022 at 04:39 pm
Strategy is everything. You didn't describe yours for multiple strategies in play. What % of net liq or buying power do you allocate per system? Have you ever been pressed (aka margin call) with too many systems in play and second entries ?
DigiNomad, I have shared my
Posted by mundy on 28th of Sep 2022 at 07:39 pm
DigiNomad, I have shared my spreadsheet with number of contracts etc with a few members already. If you are interested please e-mail me on mundy@iafrica.com
If this is for me,
Posted by fundamentalvalues on 28th of Sep 2022 at 04:50 pm
If this is for me, please read my full post. It is that simple for me. No margin calls, or complicated moves otherwise, I use cash. And set amounts for entries. Use a dollar amount or percentage, whatever is comfortable.
I've taught my grandson, he is my new trading partne, and you all here on the site.
And I also assume this
Posted by mirhamedali on 28th of Sep 2022 at 04:12 pm
And I also assume this is updated real time:
https://breakpointtrades.com/spy_trades/
I personally maintain a google sheet to keep track of the alerts real time.
Matt it might be a good idea to embed a google sheet onto the tracking page.
Very clear on Systems, I
Posted by retirefire on 28th of Sep 2022 at 04:07 pm
Very clear on Systems, I also prepare before 4pm close. I also have written on paper which System, what trade entry and price. Make a templet so it's easy to follow.