Traders' A.I.

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Results of Published Model Trades for WED 08/21

(08/22/19 2:48 pm: Edited the results numbers to add one more losing long, with a 3.00 point loss, which we missed when published originally. Thank you to an astute reader for helping us catch the slip – your support and keen eye and feedback helps us make TRADERSAI better, more accurate and serve you better. Thank you!)

Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month. 

(please click here to view the Outlook and Trading Plans published in the morning, that these results refer to)

(please click here to view the Summary of the Market Action)

THE GIST:

Medium-Frequency Models: No trades were triggered today. 

Aggressive, Intraday Models: Lead to -13.70 index points in losses on two longs and two shorts. 

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. 

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:

After gapping up by 21+ points at the open, the index traded in a very tight range of just under 11.00 points – no trades were triggered by our medium-frequency models today. 

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:

The index broke above the 2924 level within the first few of minutes, triggering a long with a 6-point trailing stop. The long reached an interim high of 2928.7 around 9:45 am, shifting the trailing stop to 2922.7. This stop was hit around 10:10am, closing the long with a loss of 5.3 index points.

(edited at 08/22/19 2:45pm to add this trade which we originally missed to incorporate) The index broke above the 2924 level around 10:20am, triggering a long. The index broke below the 2921 level around 10:40am, closing this long for a loss of 3.0 index points. 

The index broke below the 2921 level around 10:40am, triggering a short with an 8-point trailing stop. The index broke above the 2924 level around 11:05am, closing the short with a loss of 3.0 index points, and opening a long(#2) with a 6-point trailing stop.

The long reached an interim high of 2928.5 around 11:40am, lifting the trailing stop to 2922.5. This stop was hit around 2:00pm, closing the long with a loss of 1.5 index points. On the same bar, the index broke below the 2921 level as well, triggering a short(#2) with an 8-point trailing stop. 

The short survived the trailing stop to the end of the intraday life span of 3:55pm and the models closed the position at 2924.9, at a loss of 3.9 index points. 

Thus, our aggressive intraday models’ trading plans for the day lead to a gross loss of 16.7 (-5.3 -3.0 -3.0 -1.5 -3.9) index points on a total of four trades. 

 

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.

IMPORTANT RISK DISCLOSURES AND NOTICES – READ CAREFULLY: