24 Jan Futures Off to a Flying Start
Futures Off to a Flying Start
Jan. 24, 2024
Subscribe to my YouTube Channel HERE.
When really smart people talk about regret, they almost all say the same thing.
The only regrets they feel are errors of omission, not commission.
Meaning? They don’t regret the things they tried.
They regret the things they didn’t try.
I know how they feel.
I regret not trading Futures. I should have done this a long time ago.
Nonetheless, we can’t cry over spilled profits. We can only work with what we have today.
And what we have today is a small portfolio of systems that have been on my Performance Page for months.
These systems have also been on my YouTube channel for a while now and you can get all the details on these systems HERE.
When you put something up, you never know what you’re going to get. Famous traders love to tell us that our backtesting never matches real life. Or our backtesting never matches the forward testing.
[What’s forward testing? It’s the best method of testing on the planet. It’s when you build something and then watch it trade for months or years.]
Right at the top of the Performance Page, you’ll see the Futures section. That shows, via Portfolio Architect, the overall Performance Report of the three systems as well as the % Equity Curve.
It looked good when I tested it all the way to the 1990s, but what has it done for us lately?
Let’s take a look.
The 5M RSI Breakout method has seen some ups and downs. The stock market is 2024 thus far has been a barrel of terribleness. Ask anyone who’s trying to trade every day. It’s been a nightmare of twitchy reversals.
This system goes Long on the E-Mini when the market is surging, and, obviously, won’t do well when the market doesn’t have sustained trends. Nonetheless, there have been enough surges to eke out a profit. It’s hypothetically up $963 in 2024Â trading one contract each time.
The E-Mini Daily robot tries to get Long on pullbacks. It uses the RSI to enter and to exit. The stock indexes are notoriously known for their strong reversion-to-the-mean tendencies and this strategy tries to exploit that.
It doesn’t trade a lot but already but the twitchiness has produced one winner and is in a winning trade as I write this. It’s hypothetically up $4,047 so far this year.
Last, the E-Mini 240M robot also tries to get in on pullbacks, but uses the CCI indicator to do so. It has seen one winner this year and is hypothetically up $1,492.
All told, this portfolio is hypothetically up $6,500 this month. On a sample $20k account, that is a really nice gain.
So far, Futures loves 2024.
Talk to you soon.
Join the free Newsletter list here .
Get Robot information HERE.
Visit my Performance Page HERE.
Buy my new book HERE.
The Inevitability of Becoming Rich is HERE.
My latest YouTube video is HERE.
Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY 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 PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.