Results of Published Model Entries and Exits for Friday 03/08
Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month:
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 Friday Morning – Medium-term Models
“For today, Friday 03/08, our medium-term models indicate short on a break below 2730, with a 12-point trailing stop. No long trade indicated for today.”
Trading Plan Results/Outcome:
Fri 03/08: Booked a net -9.29 index points in losses on two shorts
The index broke below the 2730 level within the first couple of minutes of opening the session, triggering a short with a 12-point trailing stop. The index reached the session low of 2722.27 around 10:10am ET, moving the trailing stop to 2734.27. The stop was triggered around 10:45am, closing the short with a loss of 4.27 index points.
The index broke below the 2730 level again around 11:00am, triggering another short position with 12-point trailing stop. The index reached an interim low of 2623.02 around 1:00pm, moving the trailing stop to 2635.02 which was triggered around 2:45pm, closing the short with a loss of 5.02 index points. The models stayed flat for the rest of the session.
Thus, the models booked a net loss of 9.29 index points on two shorts in the 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 Friday Morning – Aggressive Intraday Models
“For today, Friday 03/08, our aggressive intraday models indicate going short on a break below 2730 or 2725 or 2720 and going long on a break above 2757, both sides with a 10-point trailing stop.”
Trading Plan Results/Outcome:
Fri 03/08: Booked a net -5.29 index points in losses on two shorts
The index broke below the 2730 level within the first couple of minutes of opening the session, triggering a short with a 10-point trailing stop. The index reached the session low of 2722.27 around 10:10am ET, moving the trailing stop to 2732.27. The stop was triggered around 10:45am, closing the short with a loss of 2.27 index points.
The index broke below the 2730 level again around 11:00am, triggering another short position with 10-point trailing stop. The index reached an interim low of 2623.02 around 1:00pm, moving the trailing stop to 2633.02 which was triggered around 2:45pm, closing the short with a loss of 3.02 index points. The models stayed flat for the rest of the session.
Thus, the models booked a net loss of 5.29 index points on two shorts 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.