Daily Results for 3/19/19
Trendfinder’s emini futures trading systems did not have any closed trades today.
Daily Results for 3/18/19
Trendfinder’s emini futures trading systems did not have any closed trades today.
Weekly Results – week ending 3/15/19
There were a handful of trades this week. Every portfolio had a nice profit thanks to SimpleSwing2 ES catching the bullish move in the market.
With the increased volatility last week, the intraday systems were on the verge of being active again. Two of them had one trade this week then went dormant again since volatility dropped.
Daily Results for 3/13/19
Trendfinder’s emini futures trading systems did not have any closed trades today.
Daily Results for 3/11/19
Trendfinder’s emini futures trading systems did not have any closed trades today.
A comment about Spring ES
Spring ES and the other daytrading systems haven’t had a trade since January. I’ve had a few ask about this, so I am posting this for everyone.
Spring ES and the other daytrade systems avoid periods where volatility is low. These periods (like now) are poor conditions for day trading. The potential for profit is low because the market moves are small and choppy, and therefore the reward/risk ratio is very poor. Trading during low volatility periods is only beneficial for the broker (and not really even then, because people will stop trading the system because of the losses). October-December 2018 had very high volatility, so Spring ES had trades almost every day. When volatility picks up again, Spring ES will be more active again. When the odds are not in your favor, it’s better to not trade at all than trade just to trade. One edge we have as traders is that we get to pick when to trade. A good analogy is that it’s better to only swing at strikes than try to hit every pitch (only swing at the fat ones).
Patience is definitely a virtue in trading. We can’t control the markets but we can control when we trade.