SPY PRO TRADES sometimes are hard to take.
Bottom line they work very well over all and sometimes they
do have a drawdown but over all they do GREAT! I have learned
my lesson awhile back and now just take them and take the ride.
At the close the stats speak for themselves and the trades do
VERY well. Thanks MATT!
Posted by elementsix on 25th of Oct 2022 at 04:10 pm
System Trades - Couldn’t agree more. But you do need to take all
the trades… 2nd, 3rd, etc. Sometimes the first entry never gets
back to positive but the subsequent entry’s can still mop
up.
Totally agree take them all. I have
used the tool Matt had awhile back and played around with taking
only 1 or 2nd or 3rd entries and different dollar amount.
Many times the 1st entry was the only entry. I found
taking the 2nd and 3rd entry at 150% $ amount of the 1st entry gave
the best results. I tried equal amounts and varied amounts.
Granted the 2nd and 3rd use leveraged ETFs already.
Posted by mastermind on 25th of Oct 2022 at 04:45 pm
In my opinion, if you take the first trade, you need to take
subsequent trades. But it's maybe not a bad idea to skip some of
the 1st entries if you have reason to believe it may be early
(sometimes Matt warns of this himself). For this trade, I just took
my first option today when SPY was around 384. Even if you miss
some good trades, avoiding the heat of the occasional drawdown can
be good for your mental health.
Posted by frtaylor on 25th of Oct 2022 at 04:27 pm
On the 3rd entry, I wonder what the stats would be if you closed
the first entry, then immediately buy the same $ amount of the 3x
etf that you just sold of 1x etf. I.e., in addition to the
regular 10k UPRO/SPXS 3rd entry. So, on 3rd entries you'd have 10k
2x etf and ~20k 3x etf. I guess I should run the number myself,
lol.
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SPY PRO TRADES sometimes are
Posted by bk1976 on 25th of Oct 2022 at 04:07 pm
SPY PRO TRADES sometimes are hard to take. Bottom line they work very well over all and sometimes they do have a drawdown but over all they do GREAT! I have learned my lesson awhile back and now just take them and take the ride. At the close the stats speak for themselves and the trades do VERY well. Thanks MATT!
System Trades - Couldn’t agree
Posted by elementsix on 25th of Oct 2022 at 04:10 pm
System Trades - Couldn’t agree more. But you do need to take all the trades… 2nd, 3rd, etc. Sometimes the first entry never gets back to positive but the subsequent entry’s can still mop up.
Totally agree take them all.
Posted by bk1976 on 25th of Oct 2022 at 04:19 pm
Totally agree take them all. I have used the tool Matt had awhile back and played around with taking only 1 or 2nd or 3rd entries and different dollar amount. Many times the 1st entry was the only entry. I found taking the 2nd and 3rd entry at 150% $ amount of the 1st entry gave the best results. I tried equal amounts and varied amounts. Granted the 2nd and 3rd use leveraged ETFs already.
In my opinion, if you
Posted by mastermind on 25th of Oct 2022 at 04:45 pm
In my opinion, if you take the first trade, you need to take subsequent trades. But it's maybe not a bad idea to skip some of the 1st entries if you have reason to believe it may be early (sometimes Matt warns of this himself). For this trade, I just took my first option today when SPY was around 384. Even if you miss some good trades, avoiding the heat of the occasional drawdown can be good for your mental health.
On the 3rd entry, I
Posted by frtaylor on 25th of Oct 2022 at 04:27 pm
On the 3rd entry, I wonder what the stats would be if you closed the first entry, then immediately buy the same $ amount of the 3x etf that you just sold of 1x etf. I.e., in addition to the regular 10k UPRO/SPXS 3rd entry. So, on 3rd entries you'd have 10k 2x etf and ~20k 3x etf. I guess I should run the number myself, lol.