Posted by dylan398 on 31st of Dec 2008 at 08:38 am
these are all great...unfortunately...I don't/can't set up the
mech. system...we don't have any alerts on the blog....and I see
some in here that don't use it properly that are confusing some
members(me) every 5 minutes posting that the system is near,has or
30 minutes ago triggered...
I don't even know what the three day wait rule is, but the
answer is that you can't do it. You can't trade 1 min or 5
mion or 15 min or even 60 min charts if your're timeframe can't be
less than three days. Maybe you could trade a system on the
daily charts, but probably not even that. You need to do
these more in a trading account, not an IRA or 401k
Posted by littlemule on 30th of Dec 2008 at 05:57 pm
Retirement account trades must be done with "settled funds"
which is the trade day plus 3. If you sell today, proceeds from
this trade is available Monday. For example Tuesday is trade day,
day 1 is Wed, day 2 is Fri because market is closed Thur, day 3 is
Mon. You can trade any time frame as long as you use settled funds.
Divide your trading money into 3rds or 4ths, trade only 1 position
and you should nearly always have settled funds available.
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Mechanical Systems results today:
Posted by matt on 30th of Dec 2008 at 04:11 pm
SSO 15 min system + 3.19%
SRS 15 min 16/39 EMA system + 4.57%
SKF 6 min system 8/71 SMA + 4.88%
SRS 6 min system 29/86 EMA + 4.37%
So not bad
When there are no shorts available
Posted by mwelch22 on 31st of Dec 2008 at 09:38 am
When there are no shorts available for SRS or SKF what can you go long to replace them?
URE for SRS and XLF
Posted by doctormike on 31st of Dec 2008 at 09:44 am
URE for SRS and XLF for SKF
DocM
SRS: URE, IYR / SKF:
Posted by srleblanc on 31st of Dec 2008 at 09:44 am
SRS: URE, IYR / SKF: UYG, XLF, FAS
these are all great...unfortunately...I don't/can't
Posted by dylan398 on 31st of Dec 2008 at 08:38 am
these are all great...unfortunately...I don't/can't set up the mech. system...we don't have any alerts on the blog....and I see some in here that don't use it properly that are confusing some members(me) every 5 minutes posting that the system is near,has or 30 minutes ago triggered...
5min
Posted by moksha on 31st of Dec 2008 at 06:18 am
which kind of movin averages can i use with stockcharts (which it hasn't the 6 min charts) on the 5 min on skf and srs? thanks
Mechanical Systems
Posted by alberta on 30th of Dec 2008 at 04:28 pm
Matt: For mechanical systems, how do you handle the 3 day waiting rule in IRAs/401ks?
I don't even know what
Posted by Michael on 30th of Dec 2008 at 05:06 pm
I don't even know what the three day wait rule is, but the answer is that you can't do it. You can't trade 1 min or 5 mion or 15 min or even 60 min charts if your're timeframe can't be less than three days. Maybe you could trade a system on the daily charts, but probably not even that. You need to do these more in a trading account, not an IRA or 401k
Yes exactly, these 15 min
Posted by matt on 30th of Dec 2008 at 05:12 pm
Yes exactly, these 15 min and 6 min systems are for trading accounts, not for 401k acccount.
3 DAY RULE
Posted by littlemule on 30th of Dec 2008 at 05:57 pm
Retirement account trades must be done with "settled funds" which is the trade day plus 3. If you sell today, proceeds from this trade is available Monday. For example Tuesday is trade day, day 1 is Wed, day 2 is Fri because market is closed Thur, day 3 is Mon. You can trade any time frame as long as you use settled funds. Divide your trading money into 3rds or 4ths, trade only 1 position and you should nearly always have settled funds available.