Quantum Journal

QuantumS

Member
54 1
There is a LONG trade in SPY (S&P500) at US Open today (Tuesday).


Tues: LONG
Mon: No Trade
Fri: No Trade
Thurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
Wed: No Trade
LastTues: No Trade
LastMon: Memorial Day
LastFri: Long Entry @ 164.47. Exited with PROFIT Fri Close @ 165.31
LastThurs: No Trade
LastWed: Short Entry @ 167.34. Exited with PROFIT Wed Close @ 165.93
 

QuantumS

Member
54 1
There is a LONG trade in SPY (S&P500) at US Open today (Wednesday).

Wed: LONG
Tues: Long from Tuesday's Open @ 164.44. Needs Close > 164.44 for Exit.
Mon: No Trade
Fri: No Trade
Thurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
LastWed: No Trade
LastTues: No Trade
LastMon: Memorial Day
LastFri: Long Entry @ 164.47. Exited with PROFIT Fri Close @ 165.31
LastThurs: No Trade
 

QuantumS

Member
54 1
There is a LONG trade in SPY (S&P500) at US Open today (Thursday).

Thurs: LONG
Wed: Long from Wednesday's Open @ 163.09. Needs Close > 163.09 for Exit.
Tues: Long from Tuesday's Open @ 164.44. Needs Close > 164.44 for Exit.
Mon: No Trade
Fri: No Trade
LastThurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
LastWed: No Trade
LastTues: No Trade
LastMon: Memorial Day
LastFri: Long Entry @ 164.47. Exited with PROFIT Fri Close @ 165.31
 

QuantumS

Member
54 1
Yesterday's trade Exited with Profits at the Close.

As detailed above:

Long Entry Thurday''s Open @ 161.20
Sell Exit Thursday's Close @ 162.73


Now 15 out of the 21 trades on this thread Exited Profitable (71.42%).
 

QuantumS

Member
54 1
There is a LONG trade in SPY (S&P500) at US Open today (Friday).

Fri: LONG
Thurs: Long Entry @ 161.20. Exited with PROFIT Thurs Close @ 162.73
Wed: Long from Wednesday's Open @ 163.09. Needs Close > 163.09 for Exit.
Tues: Long from Tuesday's Open @ 164.44. Needs Close > 164.44 for Exit.
Mon: No Trade
LastFri: No Trade
LastThurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
LastWed: No Trade
LastTues: No Trade
LastMon: Memorial Day
 

QuantumS

Member
54 1
Profit. Profit. And Profit. Friday's trade Exited with Profits at the Close with Tuesday's and Wednesday's also Closing in the green. So all 3 trades were exited profitably.


As detailed above:

Long Entry Friday''s Open @ 163.85
Sell Exit Friday's Close @ 164.80

Long Entry from Wednesday's Open @ 163.09
Sell Exit Friday's Close @ 164.80

Long Entry Tuesday's Open @ 164.44
Sell Exit Friday's Close @ 164.80


Now 18 out of the 24 trades on this thread Exited Profitable (75%).
 

QuantumS

Member
54 1
There are no trades today (Monday).


Mon: NO TRADE
Fri: Long Entry @ 163.85. Exited with PROFIT Fri Close @ 164.80
Thurs: Long Entry @ 161.20. Exited with PROFIT Thurs Close @ 162.73
Wed: Long Entry @ 163.09. Exited with PROFIT Fri Close @ 164.80
Tues: Long Entry @ 164.44. Exited with PROFIT Fri Close @ 164.80
LastMon: No Trade
LastFri: No Trade
LastThurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
LastWed: No Trade
LastTues: No Trade
 

QuantumS

Member
54 1
There are no trades today (Tuesday).


Tues: NO TRADE
Mon: No Trade
Fri: Long Entry @ 163.85. Exited with PROFIT Fri Close @ 164.80
Thurs: Long Entry @ 161.20. Exited with PROFIT Thurs Close @ 162.73
Wed: Long Entry @ 163.09. Exited with PROFIT Fri Close @ 164.80
LastTues: Long Entry @ 164.44. Exited with PROFIT Fri Close @ 164.80
LastMon: No Trade
LastFri: No Trade
LastThurs: Long Entry @ 165.35. Exited with PROFIT Thurs Close @ 165.83
LastWed: No Trade
 

QuantumS

Member
54 1
This will be my last post for the moment. I normally spend summer in the Mediterranean. Beach and relaxation time considerably eats into my available hours and I find I need to get a lot done in a short space of time. Therefore I have decided not to continue regular posting. I think I have given you unique rules that help trading and force certain disciplines needed to be consistently long-term successful. If you think carefully about each one, you will understand why each is there and why they are important. It is better you realise these for yourselves as true knowledge and understanding only comes from figuring out things for yourself. I hope I gave you a framework to start.

You will note that I started this thread at the peak of one of the longest continuous up moves in the market and timed the initial collapse perfectly. You will see that it then made the unlikely move back to new highs, seemingly devoid of risk, but we went short and stayed so until it collapsed. Money management was what enabled us to do this. We timed the rebound from that secondary collapse making profits in all long trades before going to cash last Friday just before the collapse of the last few days. One of the lessons to learn is that as important to when to trade, is to know when not to trade. Knowing this avoided the biggest 3-day losing streak in the market since 2012. This was all done in real-time before it happened.

As I said in an earlier post, when this gets going to the downside, there is nothing the Fed or any central bank can do as selling will swamp the pitiful $85billion they are throwing each month. It is simple maths. Add up the flow per day in stocks alone and calculate what will happen if most sell while the Fed buys. Faith is all that has and is keeping markets elevated, not economy, not profits, not the $85billion. The only difference talk of the taper will make is to this faith. And that difference could be considerable. If you disagree, you can now look at a real-time case study in Japan. Despite their massive QE (for the size of their economy), markets may have now lost faith.

Maybe I'll be back when I have more time, possibly in September.

Thanks for reading.
 
 
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