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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Al Greenleaf who wrote (8007)7/26/2010 10:34:32 AM
From: GROUND ZERO™1 Recommendation  Respond to of 218443
 
Al, I post the profit and loss for each trade the the total only because that's what it yields per trade signal on a single contract basis... mind you, I can trade several contracts, and I do trade more than one contract per trade position... you can begin an account trading futures with very little, I think around $5K, maybe even less, I don't know... I began my account with $25K and traded only one single mini contract which is 1/5 the size of a single large contract... as the account grew I began to add slowly until now where I trade large contracts in multiples... the key is to follow the signals under all market conditions, even when you 'think" it may be a bad signal... thinking is the worst mistake anyone can make when following a trading model... and also never get greedy and overload the position... overloading is the fastest way to getting blown out...

Frankly, the reason I post the signal trades in real time, or as close to it as physically possible, is because I have absolute and complete faith in my model and people have constantly asked me over the years here at SI to begin a thread using my model as the key to my buy and sell signals... I've back tested the model for nearly 30 years of daily chart action, this includes all kinds of market conditions as well as the 1987 crash... it worked like a charm from the beginning and continues to generate profits over time... it's not perfect, but it's perfect enough for me...

If you don't trade futures, then you could always buy the SSO on a buy signal and buy the SDS on a sell signal... I would never trade any options except to write them for a covered call or covered put position...

GZ