Nov 20, 2020 [Spy Insiders]

11/20/2020 SPY Wave Pressure

SPY Wave 2SPY Wave 4SPY Wave 6Day Wave Match/Mix
Match means both signals are pointing in the same direction. Mixed means each is showing opposite directions. Currently, a mixed-signal is an up result 85% of the time.

It’s good to have a plan.

I’m going to begin adding to my approach, plan and person rules below. Of course, you can use the information provided to trade any way you wish.

I do find it helpful to work with percentages rather than dollar amounts. It translates better no matter your position size. Plus, it helps take some of the emotion out of the rules.

According to the calculator its looking like an

Rosh Sillars Position Size Approach

  • Match Green Up: 100% position size
  • Match Yellow Up: 75% position size
  • Mixed (buy calls): 50-75% position size.
  • Match Orange Down: 50% position size.
  • Match Red Down: 50-75% position size
  • Weekends and holidays: 50% position size

More information on post November 17, 2020

Rosh Personal Trading Rules

  • If the morning opens and the trade has less than 5% profit – immediately sell.
  • If market opens giving you an over 5% profit protect your profit and use stops to possibly follow the market or percentage up.
  • If the calculator is wrong. Use stops to prevent further loss and follow the market if it heads back in your favor.
  • Minimize losses and maximize wins.
  • Always play it safe over holidays, weekends, and down pointing days.