Well we didn't end on a high note. The energy markets hit us back to back days. But the thing to remember is that this is a system and there will always be draw down. With that said it was a profitable week overall. And if we keep the weeks profitable and the months profitable then we will be fine in the long run.
***On a side note I will be making an adjustment to the way I enter the oil and nat gas markets. Because both of these contracts we trade are mini, I will be using stop limit orders instead of stop orders to enter trades to avoid the bad fills we have been subject to over the last 2 days. The market makers (locals) like to use the mini to screen off postions they take with the big contract. And I feel that when the market starts moving fast our mini contract is at a disavantage in pricing with the big contract and that can lead to bad fills. So going forward all trades in these two markets will show a stop limit on the entry line.
I will be out of the office on Monday attending a conference. I will post guidance if I can and if not I'll be back on tuesday to start another run. We have some profits to take back. So I hope everyone has a SUPER weekend! Cheers!
P&L System Totals
Ex-1 = $3832.00 (+38.32% on our $10,000 deposit)
Ex-2 = $5413.50 (+54.14% on our $10,000 deposit)
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Advisory Warning: Johnson Capital Investments Inc. provides references and links to selected blogs and other sources of economic and market information as an educational service and does not endorse the opinions or recommendations of the blogs or other sources of information. Readers should carefully consider the opinions and analysis offered in the blogs or other information sources in the context of your analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of futures results and Johnson Capital Investments Inc. specifically advises its readers to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Johnson Capital Investments Inc. expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
High Risk Waring: Futures and foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade futures or foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with futures and foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.