I'm not speaking to the current market state (I have to think we're going to find the bottom soon and have a rebound), but I've been meaning to ask;

Does the author recommend any stop loss settings? The market generally crashes faster than it rises (fear>greed), and a national or international crisis (ie an attack on the US) could cause a major intraday impact on leveraged position that is long the market.

If you have the ability to set a SL (or take-profit for that matter) with your broker, would you recommend it and, if so, what settings would you recommend?

Thank you!

Dude, I've tried that and what ends happening is you get better exits even though they might be losing exits later in the trade.

May 6th, 2010 was a day after my divorce and the brokers at Waddell and Reed saw me place a trade on a website I shant name out of respect to the tos but anyway it wasn't till years later that I found that they had sold 75k s&p short based on my sell signal I gave on that website so I stick to EOD systems and don't try to react as anything but entertained to the newsflows.

I realize that a national security incident could happen but I doubt unless it's Armageddon we have any worries there.

Cheers!

Thanks for participating in the forum which I encourage others to do in the future!

Thank you very much for the input. I was thinking along the lines of a very loose stop loss for sharp movements that far exceed the range of normal. I definitely can commiserate with you on stop losses causing issues but didn't know if there was a point where a stop loss could make sense. However, it sounds like that's not the case. Very impressed by the system so far and how about that rally today?!! I have an inkling that your system may be at its most profitable during periods of high volatility and VIX definitely seems to be on an uptrend!

I Actually DO have a default that if the continental United States is ever attacked with Nuclear Weapons to have a failsafe to just sell whether we are short or long synthetically.