the SP trend/pullback went long on Monday and is already looking
to exit today because price got its simple mean reversion. However
the original exit condition for this system was the BPT DS
indicator getting over 0.8, and it's only at 0.11. I had added the
aggressive mean reversion exit back in early 2020 to help prevent
systems like this from getting stuck.
That said to me the market looks fine. Therefore even though the
aggressive version of this system is fully exiting today, I'm going
to split the difference and only close 1/2 of it, and then set a a
stop at yesterday's close.
SPY systems long trend is looking to exit - we are only going to exit 1/2
Posted by matt on 27th of Jun 2023 at 04:00 pm
the SP trend/pullback went long on Monday and is already looking to exit today because price got its simple mean reversion. However the original exit condition for this system was the BPT DS indicator getting over 0.8, and it's only at 0.11. I had added the aggressive mean reversion exit back in early 2020 to help prevent systems like this from getting stuck.
That said to me the market looks fine. Therefore even though the aggressive version of this system is fully exiting today, I'm going to split the difference and only close 1/2 of it, and then set a a stop at yesterday's close.
Posted by matt on 27th of Jun 2023 at 04:09 pm