people surprise me sometimes, or maybe not in this day and
age.
I get emails from subscribers who complain that they do not take
the trade signals to the SPY and ES systems because most of the
time they receive the trade notification a few min after the cash
close, which as you know many times I have to wait for the close to
confirm the trades. I always bring up the fact that the ETF's trade
for a full 4 hrs in after hrs and just take them in after hrs.
These days all brokers allow that, even my retirement IRA. And of
course if you are taking the ES systems signals and substituting
ETF's in place, since ES doesn't close until 5 pm anyway, by
default you have to enter that trade in after hrs anyway. And yet I
had someone today write in that they were going to cancel because
they have not been taking the trades because they don't have a
broker that allows after hrs trading - they saw my post about the
next day open systems and said they would stick around for a while.
And to be clear - that's going to be 2 or 3 months before
probably finish the next bar open systems.
Also guys - quite honestly even on the SPY and ES systems, if
you took the trades the next morning instead, they are still very
profitable. I've looked at the stats before, and they are slightly
worse but not by that much. As an example one system might have 90%
winning trades if you took the trades end of day, but if you
instead waited until the next day, maybe it's 85% winning trades -
still very good. You could do that, and especially if prices are
better the next day.
But what bothers me is that people sometimes don't make the
effort to do what is needed.
here's a great analogy. Let's say that I buried a million
dollars of gold coins on top of a mountain and I tell you where the
location is and I say - go dig them up and they are yours!
I swear to god, some people instead of being excited and
happy and making plans to go get the gold, some people would say "
Matt, that's pretty high up and it's really cold up there, why
couldn't you have buried the gold in that field over there, so I
can't go?" it's like really?
Again, I'm giving you the trade signals - it is your job to
figure out a way to take the trades, or be a doer in
life.
Matt - on most days you give early notification followed by
confirming email and again reconfirm the ES when that trades. These
guys are idiots or what, I am sure most of the members are more
than happy with your service. YOU GO ABOVE AND BEYOND with the SPY
and ES trades.
Matt, I'm guessing the emails you get from subscribers or
potential subscribers are not from the ones that have spent tens of
thousands of dollars on trading education/systems only to be
disappointed. In my 15+ yrs of trading I have not come across
another service that provides the comprehensive education, trade
ideas, system trades, and communication that you and Steve
provide, at an incredible value. You give us the tools we need to
be successful, and the guidance to increase our confidence. You
tweak the systems to improve results, and look to add new vehicles
for more trades and increased profits. I am grateful to be part of
the BPT community, not just for the benefits you and Steve provide,
but also for the sharing of information from the members.
Ultimately when we take a trade, or not, it is our decision.
We own it. Thank you for a profitable 2022 and looking forward to
the same in 2023.
people surprise me sometimes, or
The new ETF systems coming this year
Posted by matt on 2nd of Jan 2023 at 10:32 pm
people surprise me sometimes, or maybe not in this day and age.
I get emails from subscribers who complain that they do not take the trade signals to the SPY and ES systems because most of the time they receive the trade notification a few min after the cash close, which as you know many times I have to wait for the close to confirm the trades. I always bring up the fact that the ETF's trade for a full 4 hrs in after hrs and just take them in after hrs. These days all brokers allow that, even my retirement IRA. And of course if you are taking the ES systems signals and substituting ETF's in place, since ES doesn't close until 5 pm anyway, by default you have to enter that trade in after hrs anyway. And yet I had someone today write in that they were going to cancel because they have not been taking the trades because they don't have a broker that allows after hrs trading - they saw my post about the next day open systems and said they would stick around for a while. And to be clear - that's going to be 2 or 3 months before probably finish the next bar open systems.
Also guys - quite honestly even on the SPY and ES systems, if you took the trades the next morning instead, they are still very profitable. I've looked at the stats before, and they are slightly worse but not by that much. As an example one system might have 90% winning trades if you took the trades end of day, but if you instead waited until the next day, maybe it's 85% winning trades - still very good. You could do that, and especially if prices are better the next day.
But what bothers me is that people sometimes don't make the effort to do what is needed.
here's a great analogy. Let's say that I buried a million dollars of gold coins on top of a mountain and I tell you where the location is and I say - go dig them up and they are yours!
I swear to god, some people instead of being excited and happy and making plans to go get the gold, some people would say " Matt, that's pretty high up and it's really cold up there, why couldn't you have buried the gold in that field over there, so I can't go?" it's like really?
Again, I'm giving you the trade signals - it is your job to figure out a way to take the trades, or be a doer in life.
Matt - on most days
Posted by kattap on 3rd of Jan 2023 at 10:18 am
Matt - on most days you give early notification followed by confirming email and again reconfirm the ES when that trades. These guys are idiots or what, I am sure most of the members are more than happy with your service. YOU GO ABOVE AND BEYOND with the SPY and ES trades.
That's approx 45 pounds of
Posted by vasiboy on 3rd of Jan 2023 at 01:42 am
That's approx 45 pounds of gold... sorry too heavy, I'll get a sore back .... LOL
Matt, I'm guessing the emails
Posted by craigm on 3rd of Jan 2023 at 12:15 am
Matt, I'm guessing the emails you get from subscribers or potential subscribers are not from the ones that have spent tens of thousands of dollars on trading education/systems only to be disappointed. In my 15+ yrs of trading I have not come across another service that provides the comprehensive education, trade ideas, system trades, and communication that you and Steve provide, at an incredible value. You give us the tools we need to be successful, and the guidance to increase our confidence. You tweak the systems to improve results, and look to add new vehicles for more trades and increased profits. I am grateful to be part of the BPT community, not just for the benefits you and Steve provide, but also for the sharing of information from the members. Ultimately when we take a trade, or not, it is our decision. We own it. Thank you for a profitable 2022 and looking forward to the same in 2023.
Been here for a while
Posted by jlee844125 on 3rd of Jan 2023 at 07:26 am
Been here for a while totally agreed, looking forward to 2023
hear hear !
Posted by fredsaid on 3rd of Jan 2023 at 02:19 am
hear hear !
Tell them to F&^% Off
Posted by nicole4 on 3rd of Jan 2023 at 12:12 am
Tell them to F&^% Off Matt
We really need a like
Posted by simple_million on 3rd of Jan 2023 at 01:07 am
We really need a like button :)
I am so impressed by
Posted by joepiper on 3rd of Jan 2023 at 07:39 am
I am so impressed by the BPT Team and how it all has evolved.