Im going long Ultra SPY (SSO) as of today base price is 15.75

Quote from rtstrading:

I really hope most of you dismissed all of the doomsday talk in this Forum and realized the importance of the "Iron Stomach" approach. I did provide a few days alert to this bottom for you to get into the market before it exploded. Here's hoping you did. :cool:
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the kiss of death...
 
Quote from rtstrading:

I really hope most of you dismissed all of the doomsday talk in this Forum and realized the importance of the "Iron Stomach" approach. I did provide a few days alert to this bottom for you to get into the market before it exploded. Here's hoping you did. :cool:
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sentiment indicators did not work so well this time.
 
Quote from ElCubano:

the kiss of death...
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Keep the faith, ElCubano...you will be rewarded.

btw, the close for Thursday was just 1.0% higher than the low on Monday! (spy basis) :D
 
Quote from rtstrading:

Keep the faith, ElCubano...you will be rewarded.

btw, the close for Thursday was just 1.0% higher than the low on Monday! (spy basis) :D
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im still holding...
 
Quote from rtstrading:

After a drop such as has been experienced over the past several weeks, certainly a rebound is highly likely. A sustained move (a few months) higher will take some backing/filling over the next few weeks.

Now that the weak stomachs are capitulating, it does look more promising to be establishing some long positions. My HolyGrail ATS in fact has moved to a long position! This is a 9 year results model in the graphic. This is an intermediate term one to three months model or longer.
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Regardless of holygrail or a random dart. The call was good, right at the bottom on 3/5. So pat yourself on the back.

Just waiting for the fall. Not sure how high it will go, but i am moving my straddle along with it since 750, taking profit off the table as it moves away from atm. 850 and 875 on the sp500 are definite bumps.

happy times...
 
Quote from newguy05:
Regardless of holy grail or a random dart. The call was good
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You will know the answer by the fifth one. Statistically speaking, by the Fisherian convention adopted throughout science, the fifth consecutive correct call will not be consistent with the 'random dart' model (i.e. with the null hypothesis of no predictive power, using the standard 5% significance level)... just make sure that an opposite call has not been made by the same forecaster somewhere else, e.g. under one of the 31 other nicks (I suppose this good old trick is still legal outside of the brokerage world... ;)
 
It is not possible to determine whether or not it was a good call until it can be deemed a profitable call. That is once a sell signal is issued to close the long.

If we go back down and hit new lows and no sell signal is issued is it then still a good call? No.

I await the Holy Grail ATS sell signal.
 
Quote from rtstrading:

After a drop such as has been experienced over the past several weeks, certainly a rebound is highly likely. A sustained move (a few months) higher will take some backing/filling over the next few weeks.

Now that the weak stomachs are capitulating, it does look more promising to be establishing some long positions. My HolyGrail ATS in fact has moved to a long position! This is a 9 year results model in the graphic. This is an intermediate term one to three months model or longer.
More...

in all honesty, making $1 million in nine years trading is not that impressive..
 
Hello...can we keep discussing the SSO versus trading results or money made? I think the inverse SPY is probably worth a look right about now. What do you think?

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