Futures Portfolios Weekly Update 12/9/2023
The Model Portfolios were mixed on the week. Some markets are in consolidation while others may be in the early stages of trend reversals. Others continue to trend strongly like stock indexes.
The metrics for all of the Model Portfolio are staggering as we have eleven (11) markets in mega-trade status. Large profits have been had and we think there is more to come.
*New trade alert*
Sell long December Euro Currency/Sell March (reversal-roll)
Sell long February Gold/Sell Feb (reversal-roll)
The following long December contracts are being rolled to March contracts:
Australian Dollar
British Pound
Canadian Dollar
Japanese Yen
Swiss Franc
DJIA e-mini
NASDAQ 100 e-mini
S&P 500 e-mini
We are all trend followers if we are profitable traders and this is because the trend is the basis of all profit. Even if we are in a trade for two minutes and make a profit, during those two minutes, the trend (price movement) was in our favor and the short-term trend made the profit on the trade possible.
**Apply these trend changes/roll-overs to all pertinent Model Portfolios**
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.
New Portfolios 12/9/2023
Conceptual Basis of the Algorithmic Futures Trading Method
As trend followers, we only need a few big moves a year to make big bucks. My Mega-Trend Trading Method will get aboard a market and hang on for big moves. Because of it, we can achieve great profitability year in and year out. We look to hit home runs- not singles.
Most trend following methods have a low winning trade percentage (typically 32-39%) and for that to work there must be a few big winners to offset the frequent losers. However, my method does not suffer from this problem due to an overall 66% winning trade percentage.
