Futures Portfolios Weekly Update New Trades 3/9/2024
Our futures Model Portfolios had decent gains for the week. The ongoing trading trading metrics are strong for most of them. We have five active mega-trades featuring a huge open trade profit in Cocoa and the S&P 500.
Our new “flat” positions are helping to enhance equity gains and minimize drawdowns. There will be a wealth of new trades soon because reversal price points are close in many markets.
*New Trade Alert*
Roll Long March NASDAQ 100 e-mini to June
Roll Long March S&P 500 e-mini to June
Reverse May Soybeans to long
Reverse May Soybean Meal to long
We will roll currencies early next week and stock indexes after that.
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.
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 3/9/2024
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.
