from the SPY/ES systems section:
For ETF Trades I do 10K for each
entry with 1st entry as SPY, 2nd as SSO, and 3rd as UPRO, SH, SDS,
and SPXU
that's just what I show on the website as a guide. You should do
whatever fits your risk tolerance and goals. That might mean taking
50K of SPY or 100K for some folks. Other folks may not trade the
ETF's at all and ONLY trade ES or MES because of the clear tax
advantages i.e. 60/40 rule. Others may choose to do options, or
some combo. The important thing is the trade signal, you decide
what instrument to do and what size relative to your account
etc
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so that is an entry
FYI Bear long looking to trigger on SPY
Posted by imelhoe on 13th of Mar 2023 at 04:06 pm
so that is an entry to go long on spy right? I searched on blog for bear long and it says to go long spy
Correct.
Posted by steverobin on 13th of Mar 2023 at 04:58 pm
Correct.
from the SPY/ES systems section:
Posted by matt on 13th of Mar 2023 at 04:11 pm
from the SPY/ES systems section: For ETF Trades I do 10K for each entry with 1st entry as SPY, 2nd as SSO, and 3rd as UPRO, SH, SDS, and SPXU
that's just what I show on the website as a guide. You should do whatever fits your risk tolerance and goals. That might mean taking 50K of SPY or 100K for some folks. Other folks may not trade the ETF's at all and ONLY trade ES or MES because of the clear tax advantages i.e. 60/40 rule. Others may choose to do options, or some combo. The important thing is the trade signal, you decide what instrument to do and what size relative to your account etc