Results of Published Model Trades for Wed 07/03
Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month.
THE GIST:
Medium-Frequency Models: The open long (from Tue, 07/02 – opened at 2968) with a 10-point trailing stop survived the session and is being carried into the next session (Fri, 07/05). The trailing stop is currently anchored at 2985.84.
Aggressive, Intraday Models: Lead to a gain of 14.80 index points on one long trade.
THE DETAILS:
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.
The trades given below are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style.
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..
Medium-Frequency Models – Trading Plan Outcomes/Results:
The models opened on the session with an open long carried from Tuesday, 07/02 – entered at 2968 with a 10-point trailing stop anchored at the beginning of the session at 2963.20.
The index gapped up at the open and never trailed by the ten points, closing at 2995.82. Consequently, the open long is sitting on unrealized gains of 27.82 index points, and is being carried into the next session (Fri, 07/05). With the session high registered at 2995.84, the long’s 10-point trailing stop is currently anchored at 2985.84.
Note: For the trades to trigger, the breaks should occur during the regular session hours starting at 9:30am ET. By design, these models do NOT open any new positions after 3:45pm. Only one open position at any given time.
Aggressive Intraday Models – Trading Plan Outcomes/Results:
As per the trading plans published in the morning, the models had 2978 as a pivot point for both the long side and the short side. The index gapped up right at this point – opening above at 2978.08 and then briefly dipping below with the session low registered at 2977.96 (just 0.04 points below) in the very first minute and then zoomed off!
The 1-minute resolution models picked up the session low’s minute breaking above the pivot point, and triggered a long with a 6-point trailing stop. As characteristic of many thin-liquidity market days (and, as speculated as one potential scenario in the morning trading plans), the index continually rose throughout the session with not even a 6-point trail!
Consequently, the long survived till the session end, and was closed by the intraday mandate of the models at the end of the 3:55pm bar – at 2992.80 – with a gain of 14.80 index points.
Note: For the trades to trigger, the breaks should occur during regular session hours starting at 9:30am ET. Due to the intraday nature of these aggressive models, they indicate closing any open trades at 3:55pm and remaining flat into the session close. No opening of new positions after 3:45pm. Only one open position at any given time.
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 article contains 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.