September 12th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit / Sim Trade Profit $0

Opening Comments

 Not a good day yesterday as the market rallied into all time highs putting our short positions futher in the red.

 Starting to roll over into the December contract resulted in our biggest single day loss of around $1,700.
More to come as we still have 4 contracts in the September contract that we need to move over.

 The good the bad and the ugly of trading.
This is not an easy thing to do.

 From the open the market has been stalled at yesterday's high, which is also an historic market high.
Attempts to break higher have not been successful, so far.

 At about the European open the market started to edge higher moving out of the consolidation it had been in since noon yesterday.

Closing Comments

 I did not make any adjustments, additions or changes to our position yesterday.
The market moved up about 10 points against our short position  putting us further in the red.

Looking for a reversal and an opportunity to roll into December.
Only have a couple of days left to do this.

Real Money Trading S&P 500 e-Mini

 We are now holding 11 contracts short, 4 in the September contract and 7 in the December contract.

 My plan for rolling into the December contract did not work out very well yesterday.
I was hoping to be able to sell December on sell signals and buy September on buy signals and make some spread on those exchanges.
Unfortunately, with the trending market yesterday this did not work out as I had planned.

 Will let things ride today and see what happens.

 Might be better just to roll the remaining contracts all at once.

1st Trade -  Plan B 1st Entry @ 05/09/17 - Sept Contract
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit
12:32
Short
Cont-S
1
2448.25
2483.25
-$1750
-$1750
No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

Plan B - Add to Short Position @ 05/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:15
1st 2 DWN122453.252450.75

 Plan B - Add to Short Position @ 05/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:41
1st 2 DWN132455.002452.17

 Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
8:34
1st 2 DWN142463.002454.88
Adjusted Target to 2453.75

Plan B - Add to Short Position @ 06/09/17 - Sept Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
12:57
1st DWN off RES152464.752456.85
Adjusted Target to 2455.75
Adjusted Target to 2453.75
Plan B - Add to Short Position @ 11/90/17 - Dec Contract
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
6:23
1st DWN off RES6112473.252465.80
Plan B - Add to Short Position @ 11/90/17 - Dec Contract


Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:37
1st 2 DWN1122479.752466.96
Simulation Trading S&P 500 e-Mini

Did not trade the Sim account today.
Daily Summary & Charts (SIM Account)

 Flipping & Recovery Strategy (Modified 21/08/17)

Going back to the Plan B Concept for Flipping failed trades and recovering losses.
The fundamental  logic of this strategy is to recover the losses of a previous trade, not making a profit.

The guidelines are as follows;

1. The trigger event is when a trade does not follow,
2. The trade is flipped in the opposite direction taking the required number of contracts to recover the losses with a one point target,
3. If flipping requires more than 5 contracts ( this happens if the market runs away or if there are consecutive losing trades) we revert to Plan B.

Plan B Guidelines;

Hold the position and add contracts strategically as the market runs away from the entry point to maintain a break even that is within a 50% retracement level between to last low and high of the current market cycle.
The maximum number of contracts to be added is 5 for a total position of 10 contracts.
Look for W or Support & Resistance trade signals for entry points to add contracts.
Adjust the target as necessary to near the new break even as contracts are added.
Wait for the market to come back and hit the adjusted target.

The Flipping and Recovery Strategy in the Sim account is slightly different than the Real Account.
In the Sim account we will test taking every opposing signal until we reach a maximum of 10 contracts.
Trade Signals
Signal Type
Long Signal Name
Long Signal Acronym
Short Signal Name
Short Signal Acronym
Continuation Trades
Continuation Trade – Long
Cont-L
Continuation Trade – Short
Cont-S
Trend Correction Trades
Rally off higher short-term Low – Long
HI’r-LO’s
Decline off lower short-term High – Short
LO’r-HI’s
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
Support & Resistance
1st Up off Support – Long
1st UP Off SUP
1st Down off Resistance – Short
1st DWN off RES
1st 2 in a Row Trades
1st 2 in a Row Up – Long
1st 2 UP
1st 2 in a Row Down – Short
1st 2 DWN
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD

1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit














1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit



No follow through to the Long side, Flip Trade Short
1 Contract to Cover
   Contracts for Recovery

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit





No follow through to the Short side, Flip Trade Long
1 Contract to Cover
   Contracts for Recovery

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit






Flip Trade - Plan B 1st Entry @ 

No further action required, market reversed.

Target Hit. Plan B Out. 
Back to Normal Trading.

No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

Plan B - Add to Long Position @
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit



Plan B - Add to Short Position @
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit



Coming into the Reg hours Open we are seeing a Long Bias.
Coming into the Reg hours Open we are seeing a Short Bias.

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