September 2nd, Weekly Summary - Real Money Account Profit $2,230 / Sim Account Profit $1,164

The Week in Review

We hit a personal milestone in the Real Money account this week by exceeding $20,000 in profits.

A strong rally this week on good volatility back up to near the early August historic highs.
We expected a rally into the Labour Day holiday as this is a seasonal event that happens almost every year.

The short term prognosis is for this rally to continue into this week, then we anticipate the market to drift lower into the end of September before gaining strength and going back up into the end of the year.



 Flipping & Recovery Strategy (Plan B)

When a trade does not follow through and hit the profit target, prior to a reversal signal, we flip the trade on the reversal signal taking additional contracts to offset the losses.

 The fundamental purpose of this strategy is to recover the losses of a previous trade and get flat, not making a profit. If a profit is made great, but that is not the focus.

 If the reversal trade does not follow through and hit the profit target, prior to a reversal signal, we flip again, if less than 5 contracts is required.
If greater than 5 contracts is required we revert to Plan B.

 Once in Plan B we manage the trade according to the following 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 the last low and high of the current market cycle.
The maximum position size is 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.

This week I used a modified version of the Plan B Strategy.

Once in a Plan B situation I took the first signal back in the direction of my original position.
This worked fine when the market was ranging and moving around a lot within the range.
But, once the market started to trend higher without any significant pullbacks it did not work as well.

So, while this works better than the versions I tested over the last month, it is still not the ideal strategy.

We will keep testing and thinking about how to improve this strategy.

Real Money Account

We started the week holding a Plan B trade which was taken out for a profit on Monday.

We ended the week in a Plan B situation holding 8 short contracts at an average price of 2460.94
Our profit target is at 2459.50.
We started out managing this trade aggressively taking positions as per the modified Plan B strategy.
We will continue to manage this trade, next week, by using our original methods.

Closed out trades for the week gave us a profit of  $2,230, an average of $446 per day,  exceeding our daily profit target set for the week.

Next week we will go for $450 per day.

Real Money Account Charts

Not the smooth equity growth we are trying to achieve, but still a good week.
We broke through the $20,000 profit level this week, a significant milestone.


Still struggling trying to get back into a smooth trading sync like we were earlier in the year.
We averaged $446 per day this week, not as smoothly as we would like, but pretty good not the less.

S&P 500 E-mini Sim Account

Traded 3 days in the Sim Account this week and made a profit of $1,164.
There were a couple of Plan B trades which worked out fine using the modified methods.
We now only trade the Sim account when we are in Plan B on the Real account.

Sim Account Chart

Had a good week in the Sim account. The equity curve is back on track and growing nicely.



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