Futures Micro and Mini Portfolios Weekly Update
The trend is the basis of all profit and this week we had very strong gains in most of the Model Portfolios and a few small losses in two of them. Trend following works, but it requires immense discipline to capitalize on what it provides. Very few traders have the discipline required to be successful but we do because there is no human intervention other than to take the trades the algorithm directs.
Here are some of the gains this week:
The tiny 5k Model Portfolio made a new historic high with a gain of 13.67% for the week. We also have six open Mega-Trades- the kind of trades no one else can make on a consistent basis. We look to hit home runs- not singles.
Profitable traders and investors know they cannot forecast anything consistently (re-read John Henry’s quote at the bottom of the page). I always laugh at the multitudes of traders that barely can meet their monthly obligations that think they can forecast the market. Here we have the owner of the Boston Red Sox telling you that his profits come from your (and others) forecasting foolishness.
We are reversing December Canadian Dollar from long to short.
**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.