Futures Micro and Mini Portfolios Weekly Update
We had a decent week in that two of the Model Portfolios made money this week and the 28k Mini-Micro actually achieved an all-time high weekly equity close. We lost back some of the recent gains in the others, but trends remain strong overall.
The profit factors are off the charts for most of the Model Portfolios which is basically a measure of expected ROI. No trading method I know has the robust profit factors my trend following algorithm produces.
Very few traders (even most trend traders) are able to achieve the gains we do on a regular basis. I have stated that getting into a trade is simple but managing that trade after entry is what determines the strength of the trading method being used.
My algorithm can hang onto a trade and capture most of the profit in a major market move unlike any other. The proof of that can be seen in the open trade equity above.
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.
**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.
There is an error in the 28k portfolio still exists.The profit is overstated. I haven’t been able to find the bug, but I will