Yesterday we released our Trading Plan for 2017. Three of our top strategies captured that short move. Cobra III E-mini S&P, Tick Pulse, and Stock Index Swing DayTrade went short for 5, 12, and 16 points. Gap Fill and Reverse took the counter trend trade and lost about 14 points going long.
In the video below, we show the latest trades in the portfolio, including yesterday's e-mini S&P shorts, Crude Oil trades, and how to setup Gold Spike II to automate both the base strategy and MM Algorithm version at the same time.
We recommend having a specific trading plan going into 2017. If you don't have a plan, it is difficult to know what to expect. Since runups and drawdowns are part of trading, many traders do not know how to respond to drawdowns. Many give up too soon while others sit on losers too long. Having a plan gives a road map of expectations.
This is our last video of 2016. Have a Happy New Year! Talk soon in 2017.