September 9th, Weekly Summary - Real Money Account Profit $1,125 / Sim Account Profit $1,755

The Week in Review

We started the week holding a Plan B trade.
This trade was taken out for a profit on Tuesday.
We made some good normal trades on Tuesday then got back into a Plan B trade.

We held this Plan B trade through the week.
The Sideways market never gave us a good opportunity to get out of the trade with a profit.

The market looks well setup for a decline next week.
Our near term cycle and inter-market analysis indicates that the market should continue to decline into the end of September.




Flipping & Recovery Strategy (Plan B)

I used the Plan B strategy effectively in the Sim account through the week.
The question that arises with this strategy is how aggressive to get with it.
How far to let the market run away before taking more positions?
Should I take every signal back in the direction of the trade or just the first on each move?

 I will have to test these options in the Sim account.
I suspect there is no holy grail and that different methods will work better depending on the market structure. 

 Whether it is ranging and the size of the range or whether it is trending and the strength of the trend.
Volatility will also come into play in any scenario.

 Real Money Account

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

We ended the week in a Plan B situation holding 5 short contracts at an average price of 2456.85
Our profit target is at 2453.75

We used the modified Plan B strategy, taking the 1st short signal on each rally.
We became less aggressive adding positions as the position grew and time went on.

We will continue to manage this trade, conservatively, next week.

The September contract expires on September 15th.
We  will either close this trade out for a profit or roll it over into the December contract next week some time.

Closed out trades for the week gave us a profit of  $1,125 an average of $281 for the 4 day week.
We did not meet our daily target this week.

Real Money Account Charts

A small profit this week adding to our equity and kept things going in the right direction.
Getting stuck in Plan B trades is hurting our overall performance.


Still struggling trying to get back into a smooth trading sync like we were earlier in the year.
We averaged $281 per day this week, but all made on only one closed trade.
Not the way we want to do it.


S&P 500 E-mini Sim Account

Traded 3 days in the Sim Account this week and made a profit of $1,755 for an average of $585 per day.
This is the potential of the system as we are now trading the SIM account the same as the Real account.
The difference this week was that the Plan B trades in the SIM account managed out rather than getting stuck.

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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