Futures Micro and Mini Portfolios Weekly Update
**All but the specialized Agricultural Model Portfolio made new historic highs this week. We literally make a fortune- again. The profits are so substantial it is truly hard to believe what we are achieving.
If you ever deviate from strict trading rules, you are setting yourself up for failure. It is as hard and cold as that. Rule-less based trading will cause you to lose money, and the more subjective your trading, the faster you will lose money.
Price forecasts the future- not traders or investors (repeat this to yourself 100 times when you think you have achieved some great forecasting ability). Losers think they know more than the market (price is too high or too low to take that trade) and the market will often deal harshly with such hubris. The market will kill know-it-alls.
A historic week for our algorithm and a historic week for many of the markets we trade. Price predicts price- not traders or investors.
The performance results this year and particularly this week are literally staggering and out of this world. This is the power of our method if you have the psychological wherewithal to follow it without bias or preconceptions.
Those of you that have never been able to achieve both a high winning percentage in your futures trading and a large average winning trade number, you need look no further. Here are the metrics for the open trades in the 226k Model Portfolio: We have 20 of the 29 markets in Mega-Trade status which means trades that have at least 3k in open trade profit. But better- here is the profit factor:
25 of the 29 trades are profitable and the average profitable trade is 8x bigger than the average losing trade. The profit factor metric tells us if the current stats hold up, we will make 50k of profit for every 1k at risk. These numbers are insane.
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.
Unfortunately, my experience also tells me that fewer than 1% of all traders have the discipline required to be successful. This statistic explains the high failure rate trading futures.
***New Trade Alert***
We have TWO (2) new trades
Buy May Soybeans and Buy July Soybeans (reversal and roll-over) (28k/17k/5k)
Reverse June 10-yr Note from short to long (28k)
**Trades can be entered during the electronic night session or in the morning. However, in volatile stock index and currency markets, you should enter a trade as soon as possible
-meaning the beginning of the electronic night session as it will tend to be a more profitable entry point. Trades shown in the Model Portfolio spreadsheet are the fills I get for my own trades. Your trade entries can be better or worse.