bear long showing possible entry on ES

    Posted by matt on 22nd of Feb 2023 at 10:19 am

    and many of you thought the bear market was dead LOL

    anyway the close is what matters that's a long way off now

    and Heisenberg, you can buy those options at better prices now!  

    DVDS short still not showing an exit. Guys, shame on me but I had basically caved into that peer pressure here when that DVDS short was taking hit and closed it out with a stop even though the system was open. Yes the system took more draw down on that short than I would have liked but now what what's happening, that short is working great!

    Next time I'm not letting you guys sway me when all the whining and complaining comes in. I'll make my own decisions and you make yours. But this is also a good lesson about the systems, and overall they generally work.  I find that people tend to get the most emotional right near a major turn, and that's what happened here

    Trigger price on Bear Long

    Posted by James_Roe on 22nd of Feb 2023 at 02:21 pm

    Trigger price on Bear Long for ES is 4008.75 or below. At 4009 or above there is no trade.

    Thanks James, this makes it

    Posted by mundy on 22nd of Feb 2023 at 04:03 pm

    Thanks James, this makes it easy for us to prepare our option trades.

    Both ES Bear long systems

    Posted by James_Roe on 22nd of Feb 2023 at 03:18 pm

    Both ES Bear long systems are now showing a first entry, we will only follow the more profitable one, Bear Long is also now showing a trade on SPY, and the DVDS Short Matt manually closed last week is currently showing an exit for a healthy profit.

    You’ll confirm these after the

    Posted by watcdy on 22nd of Feb 2023 at 04:09 pm

    You’ll confirm these after the close — correct ?

    ES doesn't close until 5pm

    Posted by James_Roe on 22nd of Feb 2023 at 04:09 pm

    ES doesn't close until 5pm EST.

    SPY system has already been confirmed.

    Got it 

    Posted by watcdy on 22nd of Feb 2023 at 04:11 pm

    Got it 

    Thanks James. I Think your

    Posted by heisenberg on 22nd of Feb 2023 at 03:25 pm

    Thanks James. I Think your advice about systems work and to clarify Matts work is very usefull and may be good on days where is Matt too !

    James, is DVDS short a

    Posted by junkie on 22nd of Feb 2023 at 03:31 pm

    James, is DVDS short a mid-level or high level (exhaustion) short system? Was the bull exhaustion subsystem close to triggering on this rally a couple of weeks ago?

    Another winning trade on DVDS

    Posted by junkie on 22nd of Feb 2023 at 03:25 pm

    Another winning trade on DVDS Short system is panning out. The projected wave 5 scenario a week ago was at odds with this trade being 100% winning. Now the system has been proven a better trader.

    Thanks for that info, James

    Posted by timebandit on 22nd of Feb 2023 at 03:06 pm

    Thanks for that info, James

    It is so hard to

    Posted by timebandit on 22nd of Feb 2023 at 10:36 am

    It is so hard to resist one's own emotions, even with a mechanical system. I can't imagine what it's like when you've got the emotions of a bunch of subscribers pressuring you. But you do an awesome job nevertheless.

    "It's so hard to..."  It's

    Posted by brophy on 22nd of Feb 2023 at 10:56 am

    "It's so hard to..."  It's those drawdowns..!

    a lot of that comes

    Posted by matt on 22nd of Feb 2023 at 11:00 am

    a lot of that comes from people doing too large of a position size - I always tell people, start very conservatively, small position sizes, that way you can give wiggle room without being emotional

    also guys - pro tip, whenever you feel the most emotional and can't stand it any longer, generally the market is near an inflection turning point

    I follow the systems to

    Posted by patellee on 22nd of Feb 2023 at 01:39 pm

    I follow the systems to a tee.  I don't do anything discretionary on it at all and I've ended up winning over time.  Maybe it's luck but I somehow doubt it.

    You are a star Patellee.

    Posted by mundy on 22nd of Feb 2023 at 04:12 pm

    You are a star Patellee. It is not easy to see the draw-downs and the DVDS system probably caused some sweaty palms. No luck involved, great Profit Factors on all the systems. Questions for you. 1. Do you do any other trading other than the SPY/ES systems? 2. Do you trade both options and ES-minis or macros. 3. Have you a trading account larger than $100k. 4. How do you manage margins. Are you very conservative or do you trade with a small margin? i used to allow $15k on the ES minis but am now quite a bit more conservative. Definitely do not want margin calls.

    Not easy to do but

    Posted by watcdy on 22nd of Feb 2023 at 01:48 pm

    Not easy to do but more often right than wrong - I have this guy on my shoulder named 

    Named  chicken who occasionally messes me up - have to put him on mute 

    I closed it out too,

    Posted by frtaylor on 22nd of Feb 2023 at 10:29 am

    I closed it out too, for a small loss. Bad move, but not a catastrophe. Your quote, "I find that people tend to get the most emotional right near a major turn," man that's me sometimes! I'm getting better with the SPY System in particular though - I've been holding through the drawdowns consistently. Of course, it helped that last year we had a shit-ton of winners.

    Posted by keyhole7 on 22nd of Feb 2023 at 10:25 am

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