Hopefully today's trading in the Dow is an indication of what is to come....I'm not hoping that the market sells off, just sells off long enough to get some decent days trade shorts in and then gets bought up at the end of the day to play both sides and keep everyone happy!
I've also recently received some questions about "why a 3 lot and not a 2 lot when target and trail Trading", so I'm trying to keep track of each market individually broken out (starting today, 2/14/2017), inclusive of commission, to hopefully show the times where the differences are small and the times where they are large and when those times are. I personally trade as a Target - Trail trader as long I can trade in increments of 3, taking 2/3rds off at (T1) 2 to 1 Reward to Risk, from initial stop and trail out the last 1/3 of the position. If not divisible by 3, then I take whatever is divisible by 3 off at T1 and trail the rest. So let's see what happens over a short period of time, calculating the differences between 1, 2 and 3 lots, Target and Target and Trail Trading, commission included. If I trade a new market OR am dealing with a small account, I don't break the 2% max risk per trade rule, but will trade 1 or 2 contracts as a target trader and will "Phantom" Trail unless a set-up qualifies as an add-on trade as I've discussed with the group many times and is explained in many recordings. I'm drilling all the way down to ticks per contract and can only calculate trades in the same instrument each day for accurate comparison.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which Trend Following Trades, LLC., Its Owners, affiliates and employes will NOT be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment, informational and general educational purposes. We are not registered trading advisors