Posted by fredsaid on 27th of Jul 2023 at 11:19 am
Then it's not a system. It's you have to be a skilled
trader and first be able to recognize a wave 4 and then have to
have the balls to ignore the system by some arbitrary amount that
you call noise. As far as I'm concerned, the system (in it's
current state) failed. Same is currently true for ISRG which
closed several dollars below it's STS and is now back above
it.
I think it's good if you can improve the systems to account for
more noise (without giving up too much more loss) but perhaps the
other factor here is when it comes to earnings - all bets are off,
even for the STS systems.
Posted by DigiNomad on 27th of Jul 2023 at 12:05 pm
Fred - there is no perfect system. And, even if there were
(there isn't), if Matt created it, he wouldn't be running this
website and helping us out. He would be a multi billionaire and
accelerating quickly towards becoming a trillionaire. Try this
thought experiment - take 25K and increase it by 1% per trading day
(why not if there is a perfect system and you can lever up?).
Extend the gains out for a years worth of trading days, then
do 2 years worth (compounding the gains along the way) . The
numbers will shock you. To me, that was proof that my original
goals in trading were too aggressive (my goals at 1st were never
taking a loss and making a measly 1% per day).
I have a 38% gain since April, using primarily BPT trade ideas.
Some of my worst trades have been trading against the SPY on
my own, or taking a BPT trade signal and then not exiting per the
system, because I "knew better". So the is 38% using
BPT trade ideas, less my stupid trades usually short the SPY.
Compiling the trading journal last week made these
truths self evident....enough so that I almost doubled the amount I
was willing to put at risk on any given day.
Then it's not a system.
EDUCATIONAL POST: STS stops - again they are a guide, be open to some subjectivity
Posted by fredsaid on 27th of Jul 2023 at 11:19 am
Then it's not a system. It's you have to be a skilled trader and first be able to recognize a wave 4 and then have to have the balls to ignore the system by some arbitrary amount that you call noise. As far as I'm concerned, the system (in it's current state) failed. Same is currently true for ISRG which closed several dollars below it's STS and is now back above it.
I think it's good if you can improve the systems to account for more noise (without giving up too much more loss) but perhaps the other factor here is when it comes to earnings - all bets are off, even for the STS systems.
Fred - there is no
Posted by DigiNomad on 27th of Jul 2023 at 12:05 pm
Fred - there is no perfect system. And, even if there were (there isn't), if Matt created it, he wouldn't be running this website and helping us out. He would be a multi billionaire and accelerating quickly towards becoming a trillionaire. Try this thought experiment - take 25K and increase it by 1% per trading day (why not if there is a perfect system and you can lever up?). Extend the gains out for a years worth of trading days, then do 2 years worth (compounding the gains along the way) . The numbers will shock you. To me, that was proof that my original goals in trading were too aggressive (my goals at 1st were never taking a loss and making a measly 1% per day).
I have a 38% gain
Posted by steveo on 27th of Jul 2023 at 12:13 pm
I have a 38% gain since April, using primarily BPT trade ideas. Some of my worst trades have been trading against the SPY on my own, or taking a BPT trade signal and then not exiting per the system, because I "knew better". So the is 38% using BPT trade ideas, less my stupid trades usually short the SPY. Compiling the trading journal last week made these truths self evident....enough so that I almost doubled the amount I was willing to put at risk on any given day.
have you looked at the
Posted by jonesy85 on 27th of Jul 2023 at 12:00 pm
have you looked at the 2 day kiss for these stocks would META and TSLA been knocked out?
I’ve paid for my BPT
Posted by jonesy85 on 27th of Jul 2023 at 12:22 pm
I’ve paid for my BPT membership the next 25 years since the kiss tables became a thing. Thanks!
Is it possible to replicate
Posted by jonesy85 on 27th of Jul 2023 at 12:24 pm
Is it possible to replicate the same kiss daily tables with a weekly table?