Trading SPY... Do I have an edge? - Trading Journals | futures io social day trading
futures io futures trading


Trading SPY... Do I have an edge?
Updated: Views / Replies:438 / 4
Created: by maildigger Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Trading SPY... Do I have an edge?

  #1 (permalink)
Membership Temporarily Revoked
New York, USA
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: ES, SPY
 
Posts: 3 since May 2013
Thanks: 1 given, 0 received

Trading SPY... Do I have an edge?

I started papertrading a specific setup for SPY in 2013.

A trade can last from a couple of hours to serveral days/weeks.

A trade is LONG only.

My profit target = +2.00, my stoploss is -2.00.

So far the setup occurred 20 times in 2013.

I got 15 winners and 5 losers.

Should I start trading this strategy with real money or is this too early? What would you do?

How do I know if I have an edge?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,386 since Jul 2012
Thanks: 1,138 given, 4,384 received



maildigger View Post
I started papertrading a specific setup for SPY in 2013.

A trade can last from a couple of hours to serveral days/weeks.

A trade is LONG only.

My profit target = +2.00, my stoploss is -2.00.

So far the setup occurred 20 times in 2013.

I got 15 winners and 5 losers.

Should I start trading this strategy with real money or is this too early? What would you do?

How do I know if I have an edge?


How would it work during a market turndown? Or, how will you know when to turn it off? SPY won't be going up forever...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #4 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


maildigger View Post
...

How do I know if I have an edge?

How would your strategy behave in a bear market? I ask you this as we are presently in a bull market so you want to make sure you will recognise a change of behavior quick enough to protect your capital.

EDIT: Kevin was quicker than me. :-)

Reply With Quote
 
  #5 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


maildigger View Post
...

So far the setup occurred 20 times in 2013.
I got 15 winners and 5 losers.
Should I start trading this strategy with real money or is this too early? What would you do?...

This is already a good start under this years circumstances!
Over all some or MUCH more trades have to be aligned to see where that winning curve goes.
One can speak of an edge when a track record of 1+ year(s) shows still the same.
As for the strategy the other end of the rope - aka descending markets - should be attached
to play the game under just any market conditions.
Good luck
GFIs1

Reply With Quote

Reply



futures io > > > Trading SPY... Do I have an edge?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to trade SPY by putting orders on ES? (MultiInstrument trading) zokirb The Elite Circle 10 January 29th, 2012 11:09 AM
Trading SPY options or ES? blockschip Traders Hideout 8 September 11th, 2011 07:06 PM
Edge's Trading Journal EDGE Elite Trading Journals 29 March 12th, 2011 12:20 AM
Trading with an edge - what does it mean to you ? trendisyourfriend Psychology and Money Management 22 September 14th, 2010 07:39 AM
Trading PA Practice - trading the right edge benbrooke Beginners and Introductions 57 April 2nd, 2010 04:00 AM


All times are GMT -4. The time now is 04:46 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.10 seconds with 19 queries on phoenix via your IP 54.226.132.197