Not much to report this evening. GLL , the only open trade, is still hanging on.
Maybe this is a good time to review why we are here and what we are doing.
I have a Beginner’s book for traders and investors. I will put a link at the end. In that book I take 5 market instruments and by using their stock market mimics trade them using essentially one simple method.
The instruments are: S&P 500, Gold, Oil, 20 year Treasuries and the Dollar Index. We use the stock market proxies representing the UP and DOWN movement of these instruments because not many of you can use futures or have short positions in your accounts.
The method we use is a simple moving average cross over system. This is explained as we enter trades. You can scroll down if you want a demo of how it works.
In my book I started January 1st, 2020 trading a theoretical portfolio of $100,000. The latest edition of the book went up on Amazon in May. I traded in the book until April 30th, 2020. This blog is a continuation of that exercise. Same method, same symbols.
So far the portfolio is up almost 40% to date. This is on the back of a beauty of a short position in oil. As I talk about in the book, we are looking to probe for trades and if possible to pyramid one of the positions as long as we can do so within our risk parameters which are detailed as trades are triggered.
We are patient. We only act when our process is in full agreement. The key is acting on what we see, not what we hear about, think might happen and other magical thinking.
Take a look at this link. Even if you don’t buy the book (don’t worry about me, I will be fine), there are a couple of freebies to be had that I think you might enjoy.
I am laying the groundwork to promote a trading course. A detailed outline will be available shortly.
That’s it for me. If you have any comments or questions, please drop me a line at: email@example.com.