no, 20K is the normal entry now for SPY, it's roughly equivalent
to 1 MES contract, or used to be
I use $10,000 when I'm trying to reduce risk such as 2 systems
go long on the same day, I might elect to use 1/2. That's why
those two SPY systems that went long on the same day the
Trend/Pullback and the QE BTS, I used 10K for each instead of 20K,
as those systems can be a bit early at times and need 2 or 3
entries
and of course the times when I decide to do a scale out such as
selling 1/2, when I make the entry originally $20K, I'll then
change it to two entries of $10,000 each to reflec t the scale
out
On the right side I'll start adding comments like I used to have
such as 'sold 1/2' or entered 1/2 position etc
for ES/MES, I try to do 2 contracts per sub system as well,
unless I'm trying to reduce risk such multiple sub systems going
long on the same day I might elect to make some of those 1 MES
entry vs 2 etc
again at the end of the day I'm using this as a template,
you guys it's going to depend on what your account size is, risk
tolerance etc - that said, you should try to go about it in some
methodical way because that's what the systems are doing.
Make a plan for your entry sizes and what you will do when
there are multiple entries etc
I edited the post and added this but if you didn't see that,
here's that added part
again at the end of the day I'm using this as a template,
for you guys it's going to depend on what your account size is,
risk tolerance etc and your position sizes may the sizes I show or
if you had a big account perhaps you would be trading 10 or 20
contracts or ES futures over micro, or 50K or 100K of SPY and SSO-
that said, you should try to go about it in some methodical way
because that's what the systems are doing. Make a plan for
your entry sizes and what you will do when there are multiple
entries etc
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no, 20K is the normal
I sent out alert for the mean reversion SPY/ES systems
Posted by matt on 17th of Apr 2024 at 09:44 am
no, 20K is the normal entry now for SPY, it's roughly equivalent to 1 MES contract, or used to be
I use $10,000 when I'm trying to reduce risk such as 2 systems go long on the same day, I might elect to use 1/2. That's why those two SPY systems that went long on the same day the Trend/Pullback and the QE BTS, I used 10K for each instead of 20K, as those systems can be a bit early at times and need 2 or 3 entries
and of course the times when I decide to do a scale out such as selling 1/2, when I make the entry originally $20K, I'll then change it to two entries of $10,000 each to reflec t the scale out
On the right side I'll start adding comments like I used to have such as 'sold 1/2' or entered 1/2 position etc
for ES/MES, I try to do 2 contracts per sub system as well, unless I'm trying to reduce risk such multiple sub systems going long on the same day I might elect to make some of those 1 MES entry vs 2 etc
again at the end of the day I'm using this as a template, you guys it's going to depend on what your account size is, risk tolerance etc - that said, you should try to go about it in some methodical way because that's what the systems are doing. Make a plan for your entry sizes and what you will do when there are multiple entries etc
Thanks for the explanation, Matt.
Posted by kab34 on 17th of Apr 2024 at 10:01 am
Thanks for the explanation, Matt.
I edited the post and
Posted by matt on 17th of Apr 2024 at 09:48 am
I edited the post and added this but if you didn't see that, here's that added part
again at the end of the day I'm using this as a template, for you guys it's going to depend on what your account size is, risk tolerance etc and your position sizes may the sizes I show or if you had a big account perhaps you would be trading 10 or 20 contracts or ES futures over micro, or 50K or 100K of SPY and SSO- that said, you should try to go about it in some methodical way because that's what the systems are doing. Make a plan for your entry sizes and what you will do when there are multiple entries etc