Futures Micro and Mini Portfolios Weekly Update
If you want to see what real trend following is all about, you need to look no further than the open trade profits we have in gold and silver. One of the key features of my algorithm is that it (by definition) cannot miss a major move. Think about it: it can never miss a major move. This means that we take all major moves to the bank and they provide the biggest percentage of our profits. Most traders get out prematurely if they are even in the market to start. When we got the buy signals in gold and silver, it appeared we were too far off the lows and to enter now was “too risky” for many amateur traders. Here are the open trade profits on a one contract basis:
August Gold: +$1658.00
July Silver: +$3770.00
And of course, we cannot forget that bearish stock market (I mean it has to go down because we have a pandemic and the economy is virtually shut-down-right?).
June DJIA e-mini: +$1480.00
NASDAQ 100 e-mini: +$1646.00
S&P 500 e-mini +$1526.00
We can hold on to a winning position like no other strategy on this earth. We look to hit home runs- not singles.
**This week saw little change in any of the Model Portfolios except for another good week in the 72k Model Portfolio after going below the regression line. Be patient- markets spend a lot more time going sideways than trending, so patience and discipline are always a necessity.
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.
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.