System Update: hosted by David Lee (Twitter ID: SimpleMoneyZone).
System is still long via full-size SPY. This trade was entered at the end of day on September 30th. Very unlikely to have a trade change today except for stopping out if any random or rare sell off happens. I will adjust the stop for tomorrow after the market closes today. In between, nothing to do now. Just sit tight. Thank you guys for taking your time.
The system’s real return (closed trades) in September was 4.1% vs SPX -9.3%. The system is fully independent from anyone’s technical analysis. It is an algorithm-driven and mechanical system.
PS: I will be on travel this Thursday and Friday but will send the alerts only on the road.
Disclaimer: Trading stocks involves high risks and you can lose money. You are responsible for your own investment decisions.