New IWM Robot Almost Ready - August 18, 2011

[Billy]

Thanks, Billy, for the update. If you're of a mind, an updated chart of the SPY would be welcomed. Not a problem if it's too much bother.

Here are (post open) SPY and QQQ. SPY has fallen back below yearly pivot (117.69) and QQQ is only 1 dollar away from its own YPP.
Billy

[asomani]

Thanks for the update, Billy.

I have significant confidence in the abilities of you three (you, Pascal and Thanassis), especially when working together, and believe your efforts will not go to waste.

[Charl]

Hi Billy, Pascal,

Any good system will at some point in time have difficulty. What is important is that sucess is not defined by $$$ - but rather definded by what your're thinking and doing while bullets are flying and your "life" is on the line - the future is uncertain for-sure ( as we've seen over that past 2 weeks)

I know you will fine-tune the robots and offer the group the new improved edge, we will probably be back to tweaking and optimizing at some point in the future - it's all part of the occupation, because we are here to make money, and if making money requires us to change we do that.

While all this is happening it is most important to maintain a Healthy state of mind by being patient, disciplined and not to make trading decision that could risk this fine balance.

thanks for your hard work.