Futures Portfolios Weekly Update 11/4/2023
The futures Model Portfolios lost money this week as stock indexes and currencies hurt us, while the late decline in energy prices helped offset some of the damage. We have trend changes in stock indexes and currencies and it remains to be seen if this is just a powerful bear market rally or the start of sustainable trends.
**New Trade Alert*
Buy Dec TBonds/Buy March Tbonds (reversal-roll)
Buy Dec 10 Year Notes/Buy March 10 Year Notes (reversal roll)
Reverse to long:
Dec Australian Dollar
Dec British Pound
Dec Canadian Dollar
Dec Euro Currency
Dec NASDAQ 100 e-mini
Dec Russell 2000 e-mini
We are all trend followers if we are profitable traders and this is because the trend is the basis of all profit. Even if we are in a trade for two minutes and make a profit, during those two minutes, the trend (price movement) was in our favor and the short-term trend made the profit on the trade possible.
New Trade Alert
**Apply these trend changes/roll-overs to all pertinent Model Portfolios**
Trades can be entered during the electronic night session or in the morning. There is some flexibility in terms of when you enter a new trade and this is because our profits are not marginal. Trade prices shown on the Model Portfolio spreadsheet are what I get for my own trades. Yours can be better or worse.
Don’t be shortsighted and look at one day or one week, this is about the long run, our returns are the best in the industry, history tells us if we follow the model and the rules we make lots of money.
New Portfolios 11/4/2023
Conceptual Basis of the Algorithmic Futures Trading Method
As trend followers, we only need a few big moves a year to make big bucks. My Mega-Trend Trading Method will get aboard a market and hang on for big moves. Because of it, we can achieve great profitability year in and year out. We look to hit home runs- not singles.
Most trend following methods have a low winning trade percentage (typically 32-39%) and for that to work there must be a few big winners to offset the frequent losers. However, my method does not suffer from this problem due to an overall 66% winning trade percentage.
