Futures Micro and Mini Portfolios Weekly Update
We continued in a drawdown this week in all but one of the Model Portfolios. However, the changes were relatively minor on a percentage basis from the prior week’s equity, so no reason for concern.
The Model Portfolios whose equity line is below the regression trend line- can be pressed. However, one of my rules is to never-ever overtrade meaning you keep at least 3X margin in your account at all times. With margins having been increased about 40% overall in the past month or so, many of you will not have sufficient capital to press your positions. That is fine- do not overtrade. But if you are well capitalized, now is the time to press your positions.
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***
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.
There was a glitch in the program and the numbers are off this week. The positions are correct and your numbers are what they are. Remember, its about the historic returns that we make and even with this weeks drawdown we have made a ton of money. It all depends on when you started.
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.
With the margins going crazy we have added a new 5k portfolio, the old 5k margins have risen too high to fit into the 3x margin we require. We will cover both, those that have been in from the beginning have enough capital to continue in the old 5k.