Results of Published Model Entries and Exits for Wednesday 03/27
Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month:
NOTE: The index by itself is NOT tradable. The model plans here based on the S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.
These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of this article for additional notes and disclaimers.
Trading Plans/Forecast Published Wednesday Morning – Medium-term Models
“For today, Wednesday 03/27, our medium-term models indicate going long on a break above 2834, and going short on a break below 2804 with a 10-point trailing stop.”
Trading Plan Results/Outcome
Wed 03/27: Booked a 6.28 index points in profits on one short position
The S&P 500 index broke below 2804 level at 11:15am ET, triggering a short position with a 10-point trailing stop. The short rode to the session low of 2787.72 at 11:50am, taking the stop trigger down to 2797.72. The stop trigger was hit around 12:45pm, closing the position with a profit of 6.28 index points.
Thus, the models booked a profit of 6.28 index points on one short and carried one open short to the next session.
Past results this month – medium term (high frequency) models (hypothetical trades based on the trading plans published before markets open daily):
Trading Plans/Forecast Published Wednesday Morning – Aggressive Intraday Models
“For today, Wednesday 03/27, our aggressive intraday models indicate going long on a break above 2832 or 2820, and going short on a break below 2820 or 2810 – both sides with an 8-point trailing stop”
Trading Plan Results/Outcome:
Wed 03/27: Booked a net 12.86 index points in profits on two short and two long positions
The index broke above the 2820 level within the first few minutes of opening the session, triggering a long position with 8-point trailing stop. The long rode to the session high of 2825.56 around 9:35am, lifting the trailing stop to 2817.56 which was triggered around 9:55am, closing the long with a loss of 2.44 index points.
The index again broke above the 2820 level at 10:15am, triggering another long position with an 8-point trailing stop.. The index reached an interim high of 2823.64 at 10:25am, lifting the stop trigger to 2815.64. The stop trigger was hit around 10:45am, closing the position with a loss of 4.36 index points.
The index then broke below the 2810 level at 10:50am, triggering a short position with an 8-point trailing stop. The short rode to the session low of 2787.72 at 11:50am, taking the stop trigger down to 2795.72. The stop trigger was hit around 11:25am, closing the position with a profit of 14.28 index points.
The index again broke below the 2810 level at 3:30pm and closed the position at 2804.62 at 3:55 pm as per the “intraday” mandate, registering a gain of 5.38 index points.
Thus, the models booked a net profit of 12.86 (-2.44 -4.36 +14.28 +5.38) index points on two longs and two short positions in the session.
Past results this month – aggressive intraday models (hypothetical trades based on the trading plans published before markets open daily):
NOTE: Remember that a “trailing stop” works differently from the traditional stop-loss order. Please bear in mind that the trailing stop’s trigger level would keep changing throughout the session (click here to read on the conceptual workings of a trailing-stop).
IMPORTANT RISK DISCLOSURES AND NOTICES – READ CAREFULLY:
(i) This and other articles in the blog contain personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned.
(ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article.
(iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions.
(iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance.
(v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided.
(vi) All opinions expressed herein are subject to change at any time, without any notice to anyone