11/20/2020 SPY Wave Pressure
| SPY Wave 2 | SPY Wave 4 | SPY Wave 6 | Day Wave Match/Mix |
| 6.24% | 7.99% | 8.13% | Match |
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.
