Most of our ongoing campaigns seem to have survived the weekend and I very much hope so you have you. Now before you read on make sure to catch up on my Sunday update featuring this week’s top and bottom performing stock symbols, historically speaking of course as my crystal ball is still in the shop. Incidentally last week’s picks did very well adding 10.77% to the win side. Alright, let’s review where we are:
Our E-Mini campaign finally met its maker, effectively stopping us out at about 2.75R with an MFE of 3.25R. So absolutely no complaints here as we had great run, and just like Usain Bolt we did it in style – just a little bit slower. And quite frankly I’m not too broken up about that little stop run yesterday as I’m starting to see a few alerts blinking down here in the lair.
Before you do anything else I encourage you to catch up on my previous post which covers this week’s top and bottom performing stock symbols in the S&P 500. I’m actually considering to add small caps as well to widen our stock universe by a bit, what do you guys think? Anyway, today is a bit of a strange day here in Valencia as the 9th of October is officially a ‘día festivo’ celebrating the arrival of Jaume I ‘El Conquistador’ on this day in 1238 who managed to end several hundred yeas of Muslim rule over the region. However it’s fair to say that the mood here is a bit somber today as the situation in Catalonia is increasingly spinning [...]
Looking at a weekly or monthly chart of the SPX this market may look easy to trade in hindsight. But believe me when I tell you that the past nine months have most certainly separated the proverbial wheat from the chaff. And that means if you’re still here, liquid and trading, then you are a proud member of an exclusive and bad ass minority among retail traders.