Trendfinder Trading Systems

Losses today – 0 for 3.

Trendfinder had another profitable day daytrading the emini Russell 2000 futures!  Lion caught the downtrend and didn’t let go.

Small profits with 5 wins and 1 loss today.

All 5 systems caught today’s uptrend with entries at various times.  Overall a really good day!

We were up nicely in 3 of the systems today until the late day selloff.  That’s the way it goes sometimes when you are daytrading intraday trends; many times the trend ends!

Today was a great day for trend following systems.

I monitor each of my systems daily and determine whether they should be traded live the next day or not.  Currently all my systems are in “no live trading” mode.  Argh…how can you make money if you aren’t trading?

Well, this reminds me of many quotes from various trading books I’ve read over the years about “sitting on hands, knowing when to trade, must preserve your capital, etc.”.

Yesterday (5/12/09) morning I saw a clear breakout to the downside after two inside days in a row in the Russell 2000 futures, and some of my systems had short signals.  I so wanted to turn on the systems (come on, at least one of them)!  But I didn’t.  I stuck to my rules.  I mean, why else create these rules?

Here is the lesson I am taking from this situation:  Each day I follow my rules, I am more and more confident in my trading abilities.

(As an aside, I would have lost $80 plus commissions and slippage if I had traded the system I wanted to turn on.)

cheers, gary

Hello!  My name is Gary Hart.  I am the owner and system developer of Trendfinder Trading Systems and Camkay Capital Management.  Trendfinder provides fully mechanical trading systems for the futures markets – primarily for daytrading the emini stock index futures.  Camkay provides managed futures account services utilizing fully mechanical trading systems.

What this blog is for – to share my own discoveries in the journey of trading the futures markets.  I will share what I am learning and the real-time hypothetical results of my systems.  I share these things because I love trading, I love talking about trading, I love sharing ideas (I always get more out of sharing than just learning) and I want everyone I can impact to learn and be wealthy!

If you have any questions please ask!  I am new to the game of being public about my trading, and I may think you are more familiar with trading and the terminology than you really are.  And I really want you to have all your questions answered!

gary

www.trendfindertrading.com