since we didn't enter these yesterday, I have a couple options:
I could wait for the close - or send out a trade notification now
since prices are so much better
I went ahead and issued 1/2 order size on those 3 sub systems
here intra day - may do the other 1/2 at the close
I sent the email below earlier
letting you know about the mean reversion systems
because we avoided yesterday's 1st
entries, I'm electing to take a 1/2 1st entry here intra day, and
add the other 1/2 at the close
SPY and ES mean reversion systems
- Trend/Pullback long 1st entry SPY
- $10,000 SPY at current prices
- Trend/Pullback long 1st entry on MES - 1 MESU24 contract
- Strap Long 1st entry SPY - $10,000 SPY at current
prices
mean reversion does not use stops on the initial buy ins, they
tend to stop out of bad trades after a bounce vs on a hard stop - I
tested all those systems everywhere from Sunday and it was alway
better to stop out on a bounce vs at the lows - you always got out
better on a bounce
stops can come in after some time - after a mean reversion
bounce and if the systems hold, they will set a stop, or the
breakout uses a stop
but no stops on these trades right now, they are mean
reversion
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since we didn't enter these
SPY and ES mean reversion systems trades
Posted by matt on 6th of Sep 2024 at 12:43 pm
since we didn't enter these yesterday, I have a couple options: I could wait for the close - or send out a trade notification now since prices are so much better
I went ahead and issued
Posted by matt on 6th of Sep 2024 at 01:04 pm
I went ahead and issued 1/2 order size on those 3 sub systems here intra day - may do the other 1/2 at the close
I sent the email below earlier letting you know about the mean reversion systems
because we avoided yesterday's 1st entries, I'm electing to take a 1/2 1st entry here intra day, and add the other 1/2 at the close
SPY and ES mean reversion systems
- Trend/Pullback long 1st entry SPY - $10,000 SPY at current prices
- Trend/Pullback long 1st entry on MES - 1 MESU24 contract
- Strap Long 1st entry SPY - $10,000 SPY at current prices
There's no set stop for
Posted by vicky on 6th of Sep 2024 at 02:39 pm
There's no set stop for Trend/pllback on MES, right?
mean reversion does not use
Posted by matt on 6th of Sep 2024 at 03:09 pm
mean reversion does not use stops on the initial buy ins, they tend to stop out of bad trades after a bounce vs on a hard stop - I tested all those systems everywhere from Sunday and it was alway better to stop out on a bounce vs at the lows - you always got out better on a bounce
stops can come in after some time - after a mean reversion bounce and if the systems hold, they will set a stop, or the breakout uses a stop
but no stops on these trades right now, they are mean reversion