'Breaking It Down,' where we embark on a journey into the world of futures, commodities, bonds, equities and more! In this edition, we shift our spotlight to a trading system for the $SPY
Admittedly I have fiddled with it a bunch. Take profit at 4 ATRs above entry for example. Bigger wins, bigger drawdowns. I guess I'm surprised by the dispersion, I thought they would all correlate to SPY quite a lot.
Yes! You can use it on so many equities. I wonder how it would run on something like the vix?
SVXY, maybe. UVXY no no no... :)
AAPL fine
GOOG nice
NVDA great
MSFT ok
META nope.
TSLA oof
AMZN nooooo..
Admittedly I have fiddled with it a bunch. Take profit at 4 ATRs above entry for example. Bigger wins, bigger drawdowns. I guess I'm surprised by the dispersion, I thought they would all correlate to SPY quite a lot.