THE SPY REPORT ...NEW POSITION
9 / 12 / 2016 : I have been developing a proprietary trading system to trade the SPY . The information on this post is to show the positions that this system has and will take as time progresses forward .
The SPDR S&P 500 ETF Trust symbol SPY . The SPDR S&P 500 trust is an exchange-traded fund which trades on the NYSE Arca under the symbol. SPDR is an acronym for the Standard & Poor's Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. Wikipedia
This content is for informational, educational and research purposes only.
New position on 9 / 12 / 2016
BUY / BUY TO COVER SPY
CHART # 1 CUMULATIVE PER SHARE $ DOLLAR PROFIT / LOSS
**CHART # 2 CUMULATIVE % PROFIT / LOSS **
If you do some of your own research by looking at the dates the system took positions you will see that this system does not pick the highs to sell or the lows to buy . Also notice the system is only 44.4 % correct . But it is profitable by
$22.90 per share at the time of this posting .
SUMMARY
The system took a new position on 9 / 12 / 2016 to BUY / BUY TO COVER SPY at $216.12
The system is only 44.4 % correct .
The system is profitable by a cumulative $22.90 per share from all trades at the time of this posting .
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Please get the advice of a competent financial advisor before investing your money in any financial instrument.
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Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
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Please get the advice of a competent financial advisor before investing your money in any financial instrument.
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nice . could you tell me what is the cost for trade (round-turn in SPY) in % ?
airmike the cost for trade (round-turn in SPY) in % would depend on the number of shares you trade . The cost to trade in and out of a position at scottrade is $ 7.00 per side that's $14.00 round trip to trade spy . That is for 1 share 0r 10,000 shares the cost per trade is the same . You can also trade the symbol sso and that moves 2 times the S&P for the same cost per trade . So if you were trading SSO the % profit would be 23.28 % double the SPY profit . Trading is a very risky and emotional business and should only be done with money you are willing to lose . It's reported that over 90% of traders lose money . One must be extremely disciplined to trade a system because you may get several losses in a row and then it becomes very hard to make the next trade . And you also know that the system possibly could be falling apart .