Bubba & Dr. FANG’s Futures Trading Publication Mega-Trade Model Portfolios
Mini Micro Futures Portfolios Weekly Update
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Keep in mind that open trade equity is not the same as closed trade equity. This is elementary in trading but as usual, traders often think that they are the same and they are not. For example, we gave back most or more of what we had gained the prior week.
We notice that many of you still are obsessed with the desire to get in at the bottom and out at the top. That is for fools and losers because no one knows what is a top or a bottom with any consistency over long periods of time. Your ego is you worst enemy in trading, and the pursuit of a false premise such as top and bottom calling will kill you.
All you have to do as a trader is to follow our simple trading rules. Never think you can outguess our algorithm because we can’t and you certainly can’t. No ego=success in markets and those that insist on being smarter than the market end up broke.
The key is consistency and discipline as always. Some ask what does your algorithm pay attention to? The best way of answering that question is what it does not pay attention to. You see, the algorithm looks at significant chart points, price and time. News, fundamentals and all forms and variations of technical analysis are totally and completely ignored.
In the 226k Model Portfolio, there are five (5) Mega-Trades in progress. Trading is mostly about psychology- not indicators and fundamentals, etc. Winning trend traders have willingly surrendered to the market to make money and have left their egos, opinions and analysis behind.
We make money by surrendering to what the market is doing- if we are in an up-trend we are long and if we are in a down-trend we are short. How simple a concept- yet 97% of all traders are unable or unwilling to grasp it.
The algorithm does not pick “turning points” per se, but it does get aboard a new trend quickly because that is what it was designed to do. Remember, we are trying to “mirror the market” and we do that by doing what the market is doing. If we are long and the market is going down, at some point, we will get short, etc. You may not like the fact that at times it seems we are late to the party, but that is a misperception and all I can say to that is: stay disciplined and follow the rules.
Our performance is not based on “forecasting” or “analysis” but rather what a price of a commodity is doing right now. The words “too high” or “two low” are not in our dictionary because no one knows what “too high” or “too low” is in trading- although the multitude of foolish losing traders think they do.
We make big money by being long term position trend traders- nothing more-nothing less. You need to be 100% disciplined to replicate the Model Portfolios and the more you deviate from full discipline, the worse your performance.
***New Trade Alert***
Reverse Dec Lt. Crude to short (16k/28k)
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.
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.