yes gonna be additional entries - pucker trades/systems I call
them, that's the problem with mean reversion systems, they have
high winning percentages, but when they scale into a strong
pullback/correction and take heat, it's emotionally difficult at
times to follow them.
as I've always said - mean reversion systems are NOT feel
good systems, they buy when it feels horrible, and when they are
earlier it feels more horrible LOL, it is what it is.
the KISS is easier honestly because you have your stop and risk
defined
systems additional entries, three ES sub systems taking 2nd or
3rd entries, only one SPY system taking an additional entry
MES futures mean reversion systems CCI divergence 2nd entry, Trend/Pullback 3rd
entry, QE BTS 3rd entry
SPY mean reversion systems Trend/Pullback 2nd entry
again if you need to limit risk or if you get emotional, you can
limit the number of trades you do, you don't have to follow every
sub system trade, you can set a maximum, if systems take trades on
the same day you can always elect to treat that as one entry for
example. For simplicity I just report what all the subs systems are
doing and post their trades from entry to exit.
As far as options- yeah you can't complain too much
if an option gets cut in half, they are much more volatile than the
ETF's, if a SPY entry is down 7%, an option might be down 50%. Also
back when I put out option trades I went out 2 months, and they
were almost at the money, those do not degrade as much as if you
pick an option that is out of the money and is far from the strike
price
LOL I took an additional 700 shares SPY long, and then realized
I meant to get just 70 shares, Was able to sell off
desired quantity at minor profit, LOL
Posted by patellee on 19th of Apr 2024 at 03:37 pm
In my 3 or so years here. The biggest winners are usually
the ones that take 2nd and 3rd entries. As painful as the process
may be to some, it's called STS for a reason. Stick to System.
Put on the trade and you'll be told when to exit.
Relax.
After a day like this,
Additional SPY entries?
Posted by mastermind on 19th of Apr 2024 at 03:08 pm
After a day like this, the systems should be signaling "all in!"
I'm looking forward to that.
Posted by kab34 on 19th of Apr 2024 at 03:14 pm
I'm looking forward to that. Got cash just begging to be put in!
yes gonna be additional entries
Posted by matt on 19th of Apr 2024 at 03:40 pm
yes gonna be additional entries - pucker trades/systems I call them, that's the problem with mean reversion systems, they have high winning percentages, but when they scale into a strong pullback/correction and take heat, it's emotionally difficult at times to follow them.
as I've always said - mean reversion systems are NOT feel good systems, they buy when it feels horrible, and when they are earlier it feels more horrible LOL, it is what it is.
the KISS is easier honestly because you have your stop and risk defined
systems additional entries, three ES sub systems taking 2nd or 3rd entries, only one SPY system taking an additional entry
MES futures mean reversion systems
CCI divergence 2nd entry, Trend/Pullback 3rd entry, QE BTS 3rd entry
SPY mean reversion systems
Trend/Pullback 2nd entry
again if you need to limit risk or if you get emotional, you can limit the number of trades you do, you don't have to follow every sub system trade, you can set a maximum, if systems take trades on the same day you can always elect to treat that as one entry for example. For simplicity I just report what all the subs systems are doing and post their trades from entry to exit.
As far as options- yeah you can't complain too much if an option gets cut in half, they are much more volatile than the ETF's, if a SPY entry is down 7%, an option might be down 50%. Also back when I put out option trades I went out 2 months, and they were almost at the money, those do not degrade as much as if you pick an option that is out of the money and is far from the strike price
LOL I took an additional
Posted by steveo on 19th of Apr 2024 at 10:22 pm
LOL I took an additional 700 shares SPY long, and then realized I meant to get just 70 shares, Was able to sell off desired quantity at minor profit, LOL
Watch those fat fingers!
It was a market to
Posted by mastermind on 19th of Apr 2024 at 03:17 pm
It was a market to wait for 2nd and 3rd entries.
Yes I took 1 SPY
Posted by srusso1 on 19th of Apr 2024 at 03:21 pm
Yes I took 1 SPY call yesterday 503 that got cut in half to day.
In my 3 or so
Posted by patellee on 19th of Apr 2024 at 03:37 pm
In my 3 or so years here. The biggest winners are usually the ones that take 2nd and 3rd entries. As painful as the process may be to some, it's called STS for a reason. Stick to System. Put on the trade and you'll be told when to exit. Relax.
I did buy 1 SPY
Posted by srusso1 on 19th of Apr 2024 at 03:10 pm
I did buy 1 SPY 500 May call $7.35