The end of another week, and in spite of the VERY choppy conditions I managed pretty well today. I tried to be choosey on my entries and it paid off. Did you know you only need four good trades a day to make a living? The secret is in how you manage your money. If you want to learn proper money management you need to check out the free Money Expert tool.
I was also quick with my stops, especially in the Eagle short of the YM. The lack of a defined trend today made me anxious to take us much profit as the market was showing. It didn’t hurt that I stayed clear of Crude today either. I had to sweat a few trades but still finished in the black: $1142.50.
H- Sold YM 12-12 4@12474
Bought YM 12-12 4@12464
Trade Profit $200
F- Sold YM 12-12 4@12464
Bought YM 12-12 4@12444
Trade Profit $400
H- Bought YM 12-12 4@12479
Sold YM 12-12 4@12489
Trade Profit $200
F- Bought YM 12-12 1@12492
Sold YM 12-12 1@12470
Trade Loss $110
H- Bought ZB 12-12 2@152-06
Sold ZB 12-12 2@152-08
Trade Profit $62.50
E- Sold YM 12-12 3@12472
Bought YM 12-12 3@12446
Trade Profit $390
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
