Emini Trading – Futures Daily Results 10/26/2010
The pendulum swings! We had several weeks with 4 -5 one and done days, yesterday we had 6 emini trades, and today we had another 6! We started off with 3 losing trades:
-4, -2, -3
one break even trade and 2 nice winners:
B/E, +8, +8
Some students actually had better results as the break even trade was at our profit point and some students simply were filled and other were not. But showing the worst case scenario we had 6 trades.
As I mentioned in an earlier emini blog post, this is a good reminder that we do not win every trade! I repeat: We do not win every trade!
Also, notice our losing trades today: the largest loser was 4 ticks, so the message today is, “We can be wrong more than we’re right, BUT we are wrong small and we are right BIG!” We only needed 2 good emini trades to recover our losses and make a profit! So while it certainly was not a one and done day, as we like to say, it was still a good day for trading – a little longer than most, about 90 minutes, but in the scheme of things, that is not too bad!
That’s it for today! Feel free to get in touch if you have any questions about our emini trading system and strategies!
Cheers!
David Marsh
EminiTrading System – Daily Trading Results 10/26/2010
