jshug43460
02-28-2007, 07:08 AM
DISCLAIMER: I am not recommending this trade. This is for informational purposes only.
Daily Trade for February 28
February 28th, 2007
Prior Trade Results:
Loss of $2,865 per contract
Ending Balance:
$56,450
Trade for Today:
Long 2 E-mini SP contracts : NO CHANGE, STILL HOLDING POSITION SINCE FEB. 1st
Comments:
It has been a long time since I went against the model and did so well. As documented over the past 5 posts, I protected my profits going into this week, which kept me safe from today’s decline although I didn’t enjoy the ride all the way down (that would have been too perfect). The model is now down 12% from it’s peak value, which is within normal parameters and nothing to be concerned about. Looking ahead, I see the first increase in margin holding this week to 4 contracts coming Thursday, so I will probably be getting LONG around midday today. The lack of volatility prior to today was the reason the model kept leverage at the minimum of 2 contracts. A further decline tomorrow will setup the model for a “double down” on this LONG trade as some internal model values are predicting that this correction will be short-lived.
Daily Trade for February 28
February 28th, 2007
Prior Trade Results:
Loss of $2,865 per contract
Ending Balance:
$56,450
Trade for Today:
Long 2 E-mini SP contracts : NO CHANGE, STILL HOLDING POSITION SINCE FEB. 1st
Comments:
It has been a long time since I went against the model and did so well. As documented over the past 5 posts, I protected my profits going into this week, which kept me safe from today’s decline although I didn’t enjoy the ride all the way down (that would have been too perfect). The model is now down 12% from it’s peak value, which is within normal parameters and nothing to be concerned about. Looking ahead, I see the first increase in margin holding this week to 4 contracts coming Thursday, so I will probably be getting LONG around midday today. The lack of volatility prior to today was the reason the model kept leverage at the minimum of 2 contracts. A further decline tomorrow will setup the model for a “double down” on this LONG trade as some internal model values are predicting that this correction will be short-lived.