Interesting the SPX, SPY, QQQ may go long on the KISS systems
from the default STS tables
here's an image, the one on the right is the same as the ones in
the STS tables, notice the vertical line showing a buy.
the one on the left is the custom one we show in the newsletters
(better long term stats) does not show a long).
anyway heads up:
which one is best here? who knows, if the lows are in and we go
back to new highs well then the KISS table version on the right
will be better this time. If we still form some sort of lower high
after a deep retretracement rally, then the one on the left might
be best
options: One can choose to follow the version with the best long
term stats, that's the one on the left. Or one could split them -
whatever your SPY SPX allocation is, go long 1/2 based on the
website KISS version and the other half when the custom one goes
long
again that's what makes trading complicated - the various
choices and emotions and trading styles
I'll investigate more this weekend as I have the newsletter,
right now I have to run to an appointment
that said what I said yesterday still applies - this move could
just be wave C and SPX is still not even back to the 61.8% Fib -
and we are still below the ATR on the daily, so I'm still concerned
we could stall there
then again the Algos Steve follows is looking for new highs
again I gotta run - because the systems are long, I am long some
things too, I try to follow them. You guys either follow all or
most of the system trades or you don't
the stops will be at the lows for these daily charts, later on I
can post where the high performance intra day systems have stops
- as they went long 1 or a few days ago and thus have much
tighter stops, and are intra day smaller time frames
can we please see the stats? I would like to geek out and
look at both. Are we able to see a table of the stats
comparing them? then we can each decide.
these high performance systems for SSO, UPRO, QQQ all went long
a day or two ago
I mention this because FINALLY FINALLY James is close - it's
been a pain in the ass all the technical hurdles to the high
performance KISS - something I should do a webinar about and
discuss with you guys all the nuances and unforeseen technical
hurdles we've went through. I'd say today would be a good
time such as Friday afternoon, but unfortunately I have an
appointment at the dealer for my car, I have to leave after the
close, but I'll get the KISS systems updated and emailed out before
I leave!
anyway hoping to finalize most of that high performance stuff
this weekend, and I have to make a couple videos as well
Thank you, Matt. That is exactly the conflict. I appreciate you
understanding the dilemma. There is cognitive dissonance with the
two charts. I “knew” that we were likely to pop up today but
help half of my SQQQ anyway because if I sold it, I could not buy
it back again for two days in my IRA. And if I bought TQQQ
yesterday, I could not sell it until. Monday. I will be glad when
the new 1day settlement rules kick in in May 28, I
think.!
well for me personally I find it all fascinating. I'm a numbers
and systems and statistics guy, I love seeing relationships,
statistics etc
cognitive dissonance? The two versions are not really
saying the opposite thing where one is showing short and the other
long. One is wanting to go back long now while the other one isn't
yet. The one that isn't yet has the superior long term trade
history to the one that is looking to go back long today, but that
doesn't mean that the one with superior long term stats is more
right this time than the other, on a trade per trade basis one will
have a better entry or exit than the other and they go back and
forth
that's why I threw out the idea of if one is kind of one the
fence: you could simply split the capital allocation for an S&P
long between both of them, meaning you would go long 50% today.
Or, if you are one who wants to only follow the version that
has the best stats in the long term you would wait.
I keep using the word fascinating, but I did find it all
interesting all the nuances one has to consider, statistics,
emotions etc
DigiNomad - the worst example for that used to be Motleyfool -
just read this article from back in 2006, I remember reading
this at the time - this author calls TA voodoo and that we are all
'fooling' ourselves ( lol see what I did there?) for trying
to see patterns and drawing trendlines - just a worthless BS
article
TA works, you have all seen it in action over many many years,
that author was an idiot
otherwise I think the best approach if to combine the two:
technicals and fundamentals - for longer term traders - for day
traders and short term trades technicals are fine - but if you are
trying to swing position yourself into a company that you thing has
fantastic fundamentals, then technicals are for your timing your
entry
Posted by DigiNomad on 3rd of May 2024 at 02:24 pm
Yep, I figured out Motley was the worst service very early on. I
cringe now when people send me articles from them suggesting
picks...but try to be nice and simply verify with other
services.
one thing you should do - take the IBD 20 and IDB 50 and track
them in the KISS tables - great way to filter those
I even thought about trying to contact IBD and tell them we have
this universal system that we could throw on their IBD lists that
would greatly benefit their subscribers - but I don't know how to
even go about that
IBD has or used to have this short term swing trade alert
service, I tried it a couple years ago, it really sucked! I
can't remember the cost of it, but their trader sucked ass
Posted by mastermind on 3rd of May 2024 at 01:22 pm
I do trade a lot of IBD stocks and use the KISS tables to guide
me when they are on there. I have gotten several onto the MISC
list, but the IBD 50 changes every week, sometimes chasing
performance, so you have to be selective.
KISS systems heads up
Posted by matt on 3rd of May 2024 at 12:15 pm
Interesting the SPX, SPY, QQQ may go long on the KISS systems from the default STS tables
here's an image, the one on the right is the same as the ones in the STS tables, notice the vertical line showing a buy.
the one on the left is the custom one we show in the newsletters (better long term stats) does not show a long).
anyway heads up:
which one is best here? who knows, if the lows are in and we go back to new highs well then the KISS table version on the right will be better this time. If we still form some sort of lower high after a deep retretracement rally, then the one on the left might be best
options: One can choose to follow the version with the best long term stats, that's the one on the left. Or one could split them - whatever your SPY SPX allocation is, go long 1/2 based on the website KISS version and the other half when the custom one goes long
again that's what makes trading complicated - the various choices and emotions and trading styles
actually after investigating BOTH KISS
Posted by matt on 3rd of May 2024 at 03:03 pm
actually after investigating BOTH KISS system versions will be going long at the close, the custom one and the default tables
Matt, it would be great
Posted by te22 on 3rd of May 2024 at 04:04 pm
Matt, it would be great if you would express your view on whether this trade will be one of those "whipsaws". Thanks much and have a good weekend.
only Diginomd and Yellen know I'll
Posted by matt on 3rd of May 2024 at 04:14 pm
only Diginomd and Yellen know
I'll investigate more this weekend as I have the newsletter, right now I have to run to an appointment
that said what I said yesterday still applies - this move could just be wave C and SPX is still not even back to the 61.8% Fib - and we are still below the ATR on the daily, so I'm still concerned we could stall there
then again the Algos Steve follows is looking for new highs
again I gotta run - because the systems are long, I am long some things too, I try to follow them. You guys either follow all or most of the system trades or you don't
the stops will be at the lows for these daily charts, later on I can post where the high performance intra day systems have stops - as they went long 1 or a few days ago and thus have much tighter stops, and are intra day smaller time frames
thx for update
Posted by jonesy85 on 3rd of May 2024 at 04:03 pm
thx for update
can we please see the
Posted by jonesy85 on 3rd of May 2024 at 12:58 pm
can we please see the stats? I would like to geek out and look at both. Are we able to see a table of the stats comparing them? then we can each decide.
If we choose the left,
Posted by DigiNomad on 3rd of May 2024 at 12:22 pm
If we choose the left, will you keep us notified intraday on a potential long trigger?
oh of course man, always these
Posted by matt on 3rd of May 2024 at 12:29 pm
oh of course man, always
these high performance systems for SSO, UPRO, QQQ all went long a day or two ago
I mention this because FINALLY FINALLY James is close - it's been a pain in the ass all the technical hurdles to the high performance KISS - something I should do a webinar about and discuss with you guys all the nuances and unforeseen technical hurdles we've went through. I'd say today would be a good time such as Friday afternoon, but unfortunately I have an appointment at the dealer for my car, I have to leave after the close, but I'll get the KISS systems updated and emailed out before I leave!
anyway hoping to finalize most of that high performance stuff this weekend, and I have to make a couple videos as well
Would it help if we
Posted by kab34 on 3rd of May 2024 at 02:53 pm
Would it help if we started a tip jar for James?
Looking toward to finally being
Posted by jerkelly on 3rd of May 2024 at 02:15 pm
Looking toward to finally being able to use the high performance systems!
+1
Posted by eddiegold on 3rd of May 2024 at 04:41 pm
+1
Thank you, Matt. That is
Posted by mdgfain on 3rd of May 2024 at 12:18 pm
Thank you, Matt. That is exactly the conflict. I appreciate you understanding the dilemma. There is cognitive dissonance with the two charts. I “knew” that we were likely to pop up today but help half of my SQQQ anyway because if I sold it, I could not buy it back again for two days in my IRA. And if I bought TQQQ yesterday, I could not sell it until. Monday. I will be glad when the new 1day settlement rules kick in in May 28, I think.!
well for me personally I
Posted by matt on 3rd of May 2024 at 12:26 pm
well for me personally I find it all fascinating. I'm a numbers and systems and statistics guy, I love seeing relationships, statistics etc
cognitive dissonance? The two versions are not really saying the opposite thing where one is showing short and the other long. One is wanting to go back long now while the other one isn't yet. The one that isn't yet has the superior long term trade history to the one that is looking to go back long today, but that doesn't mean that the one with superior long term stats is more right this time than the other, on a trade per trade basis one will have a better entry or exit than the other and they go back and forth
that's why I threw out the idea of if one is kind of one the fence: you could simply split the capital allocation for an S&P long between both of them, meaning you would go long 50% today. Or, if you are one who wants to only follow the version that has the best stats in the long term you would wait.
I keep using the word fascinating, but I did find it all interesting all the nuances one has to consider, statistics, emotions etc
Or use IBD as the
Posted by mastermind on 3rd of May 2024 at 12:30 pm
Or use IBD as the tie breaker.
The evil CANSLIM people that
Posted by DigiNomad on 3rd of May 2024 at 12:32 pm
The evil CANSLIM people that think fundamentals are just as important as technicals and preach a blended approach? Heresy!
Motley
Posted by matt on 3rd of May 2024 at 12:38 pm
DigiNomad - the worst example for that used to be Motleyfool - just read this article from back in 2006, I remember reading this at the time - this author calls TA voodoo and that we are all 'fooling' ourselves ( lol see what I did there?) for trying to see patterns and drawing trendlines - just a worthless BS article
TA works, you have all seen it in action over many many years, that author was an idiot
otherwise I think the best approach if to combine the two: technicals and fundamentals - for longer term traders - for day traders and short term trades technicals are fine - but if you are trying to swing position yourself into a company that you thing has fantastic fundamentals, then technicals are for your timing your entry
https://www.fool.com/investing/value/2006/04/10/technical-analysis-voodoo.aspx
fool.com
Technical Analysis Voodoo | The Motley Fool
You'll find most sensible investors focusing on the fundamentals.
Yep, I figured out Motley
Posted by DigiNomad on 3rd of May 2024 at 02:24 pm
Yep, I figured out Motley was the worst service very early on. I cringe now when people send me articles from them suggesting picks...but try to be nice and simply verify with other services.
IBD, Investors Business Daily? one thing
Posted by matt on 3rd of May 2024 at 12:32 pm
IBD, Investors Business Daily?
one thing you should do - take the IBD 20 and IDB 50 and track them in the KISS tables - great way to filter those
I even thought about trying to contact IBD and tell them we have this universal system that we could throw on their IBD lists that would greatly benefit their subscribers - but I don't know how to even go about that
IBD has or used to have this short term swing trade alert service, I tried it a couple years ago, it really sucked! I can't remember the cost of it, but their trader sucked ass
I do trade a lot
Posted by mastermind on 3rd of May 2024 at 01:22 pm
I do trade a lot of IBD stocks and use the KISS tables to guide me when they are on there. I have gotten several onto the MISC list, but the IBD 50 changes every week, sometimes chasing performance, so you have to be selective.
IBD Live now. Brian Shannon
Posted by DigiNomad on 3rd of May 2024 at 12:33 pm
IBD Live now. Brian Shannon was on this week.