Great week for futures trading,

While I've had my ups and downs real-time paper trading my futures strategies, it looks like things may, may be coming together. I think much depends on market action, not my system, so the question is: what makes a market good to trade or bad to trade? The remarkable fact is my trend system did very well this week even though the market saw many, many intraday reversals...



For the week:

79 trades, 274 contracts (counting both buys and sells), +$1479.20

For the record, last week was:

58 trades, 252 contracts (buys and sells), +$918.72

My biggest issue going forward is going to be commissions and margin requirements. I am planning on trading a ~3k to 5k account, so margins will hurt. Also, commissions look to be ~$5/round trip, so I'd be paying ~$400 this week and ~$300 last week for commissions. There are ways to get around commissions, but not with the size available with the small account. I'll post a futures broker review later. Oh, yeah, then taxes, f' me. Once I get up and running, I may trade black box style in a managed futures retirement account--fun, and f' the tax man.

Good weekend all,
Masterjaz out

Happy 4th

Nothing much to say, pulled some paper profits and getting ready for the holiday. Back to the markets on Monday.


Masterjaz out

Best day ever

Well at least on paper, got killed on my real positions. But that is why I want to get going with futures as a hedge for my long-term portfolios.


Lots of activity today and could have been better had I not gone to lunch with family. But, family comes first and there will always be more days like today.

Masterjaz out