Posted by tomand1969 on 25th of Mar 2009 at 04:52 pm
The SRS 15 minute EOD system gave a buy at 1pm eastern time when
the averages crossed at the approx 53.10 level. I immediately put
in a order and got filled in the 53.30 range. There was a nice
run-up to the 62.17 level. I know Matt has stressed many
times not to second guess the system, but wait until the averages
cross again or sell at end of day.
I see several people on here crowing they sold SRS close
to the highs of the days, I too was sorely tempted and in the end
couldn't help myself and sold at 61. I felt bad at the time as that
was against what Matt has said to do, but apparently it was the
right thing to do. Any thoughts?
Please think about statistics, use a statistical mindset?
obviously today was a little extreme, usually the market doesn't do
that.
However regarding the topic of second guessing the systems: some
days you will do a lot better than the system like today, and some
times you will guess wrong and do a lot worse. Over the long
run if you add up all of your second guesses together, would you
beat the system overall? 1 data point is doesn't answer that
question. The SKF swing system
for example has done
about 400% since July, would you beat that?? it also
depends highly on how much experience you have as a trader
and can you focus on them all day
I can personally beat the system consistancely if I focus on
them all day, but that's not what the systems were for, I created
them to be able to run in the back ground without having to watch
them.
If you can beat the mechanicals with concentration you must be a
killer trader.
We must be at the right
place!
Their simplicity in construction is misleading. I gotta bad
habit of reading professional trader commentary throughout the day,
and I've lost count of how many times the SYSTEMS HAVE OUTSMARTED
THE PROS !!
Posted by tomand1969 on 25th of Mar 2009 at 06:52 pm
I know you are right Matt, I guess the swing and EOD
systems are not really meant to be watched minute by minute or
emotions take over. Still on the other hand you have said be
relentless about taking profits. Do you have a spreadsheet posted
somewhere detailing the monthly profits/losses of both the SRS
swing and EOD systems?
SRS EOD system no go today
Posted by tomand1969 on 25th of Mar 2009 at 04:52 pm
The SRS 15 minute EOD system gave a buy at 1pm eastern time when the averages crossed at the approx 53.10 level. I immediately put in a order and got filled in the 53.30 range. There was a nice run-up to the 62.17 level. I know Matt has stressed many times not to second guess the system, but wait until the averages cross again or sell at end of day.
I see several people on here crowing they sold SRS close to the highs of the days, I too was sorely tempted and in the end couldn't help myself and sold at 61. I felt bad at the time as that was against what Matt has said to do, but apparently it was the right thing to do. Any thoughts?
Please think about statistics, use
Posted by matt on 25th of Mar 2009 at 05:11 pm
Please think about statistics, use a statistical mindset? obviously today was a little extreme, usually the market doesn't do that.
However regarding the topic of second guessing the systems: some days you will do a lot better than the system like today, and some times you will guess wrong and do a lot worse. Over the long run if you add up all of your second guesses together, would you beat the system overall? 1 data point is doesn't answer that question. The SKF swing system for example has done about 400% since July, would you beat that?? it also depends highly on how much experience you have as a trader and can you focus on them all day
I can personally beat the system consistancely if I focus on them all day, but that's not what the systems were for, I created them to be able to run in the back ground without having to watch them.
STATISTICS!
Posted by lpwise on 26th of Mar 2009 at 10:30 am
Holy Crap Matt!
If you can beat the mechanicals with concentration you must be a killer trader.
We must be at the right place!
Their simplicity in construction is misleading. I gotta bad habit of reading professional trader commentary throughout the day, and I've lost count of how many times the SYSTEMS HAVE OUTSMARTED THE PROS !!
I know you are right
Posted by tomand1969 on 25th of Mar 2009 at 06:52 pm
I know you are right Matt, I guess the swing and EOD systems are not really meant to be watched minute by minute or emotions take over. Still on the other hand you have said be relentless about taking profits. Do you have a spreadsheet posted somewhere detailing the monthly profits/losses of both the SRS swing and EOD systems?
a profit is a profit
Posted by siewyin on 25th of Mar 2009 at 04:55 pm
a profit is a profit is a profit......pat yourself on the back and dont overthink it....