August 19th, Weekly Summary - Real Money Account Profit $2,087 / Sim Account Profit $1,552

The Week in Review

The was a very volatile week in the markets accompanied with higher than average volumes.
This gave our systems some problems and created a lot of flipping trades.
The system has problems when we get either really low volatility or really high volatility.
Something we need to learn how to deal with.

Regardless we still came out of the week in pretty good shape.

Real Money Account

We ended the week flat having closed out all our positions with at profit of $2,087.

Our Flipping technique that we used this week in both the Real and Sim accounts does not work well in markets that either are highly volatile or low volatility.

Not liking either of the techniques that I have tested over the past few weeks.
I am going back to the original Plan B concept for Real Money trading and continue to look for better options.

The market now appears to have turned the corner and is in a near term downtrend.
This does not mean we take a Bullish stance, but that we are seeing the anticipated correction that we have been talking about.
The expectation is for this to continue into October.


Real Money Account Charts

Ended the week flat with the charts starting to go the right direction again.
However, I would like to get back to the slow and steady daily increase that we had earlier in the year. That is a much less stressful scenario.



Still struggling trying to get back into a smooth trading sync like we were earlier in the year.
With $2,087 profit for last week we did exceed our daily goal of $350, even though it was a bit messy.
Next week we will be looking for $400 per day.


S&P 500 E-mini Sim Account

I was using a modified Flipping Technique this week
Flip Trade Rule (Modified 07/08/17)
When Flipping trades we flip immediately to 5 contracts.
The target for the flip trade will be the recovery of the previous trades losses.
Profit is secondary to recovery of losses and getting flat.
This will apply to apply to all trades that do not follow through.

We ended the week $1,552

As I have already said, not happy with these Flipping techniques and will go back to the old Plan B concept while I consider other options for trade management.

Sim Account Chart

The flipping strategy used in the last 2 weeks has created a shallower and more choppy equity growth curve.
We will see if returning to Plan B will help get us back to normal.

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