Tuesday, March 26, 2013

Twice the range

Which is also the title of today's entry in the current e-mini trading results section on my site.

Check out the image below. It shows 5 trades, with the total of 26 ticks per contract. While this may not seem like a lot, it is. It is because I squeezed these 26 ticks out of a pretty small range of only 13 ticks that I took all these trades in. Or, to put it yet another way, that was the range the market was stuck in when I was taking these 5 trades.

That's my best result, range wise, that is. I think any time your results per contract are close to the size of the range you are trading in, you are doing very well. On quite a few occasions I have exceeded the range, but that's the first time I have done that well.

Notice that the last trade did not take even a whole minute. Actually only 10 seconds.

The screenshot above shows trades in the Dow e-mini futures market (YM). The methodology used to trade this market, that can be applied to other e-mini markets as well, is called KING (also the name of an e-mini trading course that is based on it) and you can learn more about it from my site.

Monday, March 25, 2013

A Dow e-mini futures 20-pointer

I usually only target 5-10 ticks when day trading Dow e-mini futures, sometimes even less if I see that the default target of 5 ticks might be unreachable, but today I decided to try something new.

I wasn't planning it. Not at all. I simply realized that a position I just put on (the last one in the screenshot you see below) could easily reach 20 ticks (or points, as 1 tick is the same as 1 point in the Dow e-mini futures contract).

And so it did. After a bit of gyrations about the entry price, it finally summoned all the market forces to go boldly where very few of my YM trades have gone before. And it took it only about 20 minutes to reach the target which is not that bad. Given some more time, it could have even reached 40 points, but let's not be too greedy.

The screenshot above shows not only the 20-pointer in question, but also 3 quickies, that is, trades that do not take more than a minute to reach the target of 5 or more ticks. It was a good day, as more volatile days tend to be.

For more about my e-mini futures trading results, see the current e-mini trading results section of my site. For more about the trading methodology (or e-mini trading course), KING, that made them happen start on its main page.

Sunday, March 24, 2013

Chasidic Jewish wisdom and Bitcoin

A man hoping to find wisdom traveled to Poland to see the renowned Rabbi Hafez Hayyim. When he arrived at the celebrated rabbi’s house, he was surprised to see that it was nothing more than a room.

There, the rabbi sat on a bench at a small table surrounded only by the numerous volumes of books he continually pored over in study.

The seeker asked, “Good Rabbi, where are all your belongings? Where are your furnishings?”

Hafez answered, “Tell me, where are yours?”

“Where are mine?” said the startled man. “But I only came here for a short visit.”

“So did I,” the rabbi said.

Hat tip for the story to untilasinglesolitonsurvives.tumblr.com.

I recalled this story when watching a video (see below) about a Bitcoin project developer, Amir Taaki.

I like this guy and his lifestyle. I like what he is doing.

Saturday, March 23, 2013


I am talking about screenshot number 450 of e-mini trading results with KING. I posted it just yesterday.

Will I reach number 500? Honestly, it should be easy, but I have many other plans, so I cannot predict this with absolute certainty. I know one thing though: there won't be screenshot number 1000. The number of KING's copies is limited, and I really don't expect to be marketing it next year any more.

KING is an e-mini futures day trading course based on an original discretionary trading methodology that can deliver excellent results as you can see in many places on this blog and, to even larger extent, on my site, in KING's trading results sections or in its Testimonials.

The 450th screenshot is in the current e-mini trading results section.

Friday, March 22, 2013

One of those bigger trading sizes again...

At least on one occasion, as all other trades you see in the screenshot below have been executed with a rather modest number of contracts, 8 being the second biggest size.

But 28 lots is my new record. I could have piled up a few more contracts, I guess, but I like 28 for it is a perfect number. The second prefect number. The first one is 6.

Don't know what perfect numbers are? Well, that's easy. The perfect number is the number whose sum of proper divisors equals the number. Hence, 6 is a perfect number for 6=1+2+3, and 1, 2, and 3 are all the proper divisors of 6. You can also easily check that 28=1+2+4+7+14, and 1, 2, 4, 7 and 14 are all proper divisors of 28.

Here is another screenshot that features 28 and for the same reason, too.

I admit that I chickened out a bit and closed that 28-lot position with only 3 ticks of profit, but it was also a bit late in the day, and I did not want to end up with a size that big overnight. Or take a big loss. It turned out however, that 5 ticks (or even 10, for that matter) were possible with this trade, so it was not a total fluke. Not at all. I was betting on the price to bounce off of some "magic line" in the 5-minute chart, at the worst and latest, and that's what it did eventually. That happens relatively often in strong trends.

The above results come from yesterday, March 21st. They are due to the trading methodology known as KING, which is the main part of an e-mini day trading course of the same name. The contract traded is YM, the Dow e-mini futures. The screenshot shows trades as listed by Bracket Trader, a trading platform that I use for my trading via Interactive Brokers.

Wednesday, March 20, 2013

Getting the hang of a bigger position size

Or something.

I thought I would stop trading for the day after posting another $200+ screenshot on my site, but then volatility improved so I kept at it.

The result is yet another screenshot with my e-mini trading results showing a bigger size than usual on two occasions, but nothing really overly big. Not even close to 20 contracts per position. Mostly 2-4 contracts as usual.

The results are due to KING, an e-mini day trading course for aspiring futures day traders. The screenshot shows results in Bracket Trader, an excellent trading interface for the Interactive Brokers TWS platform. I have been using this interface for many years now and it's a real little software gem in my opinion.

Tuesday, March 19, 2013

Not my usual size ...

But so what?

I rarely go above 10 contracts, and 20 has been my biggest size, but it's not anymore. Actually, I did not have to go beyond 20 contracts, but I saw no particular harm in doing so.

That 24-lot position was supposed to be a 10-tick trade, but I chickened out at 5 ticks. There was room for more. A lot more, and I added some more profits, but with fewer contracts.

Well, just another good day in the life of an e-mini futures day trader.

For an update to this post, see the final result on my site, in the current trading results section.

Monday, March 18, 2013

Is Mila Kunis a good contrarian stock market indicator?

Some people would like you to believe so.

English: Mila Kunis at the 2009 Comic Con in S...

I like Mila Kunis. I think she was great in "That '70s Show." I have followed her acting career since this popular TV sitcom, even if not very closely.

But as someone who lives in Hollywood, I might be biased and less inclined to ridicule her entry into the stock market that some view as too late, doomed to fail, and best used as a warning to other suckers.

So is Mila Kunis really a good contrarian stock market indicator pointing to an impending peak in this bull market? Or is she not?

Well, if you would like to know my opinion (and I tend to be contrarian too), check out my latest article just posted on my site in its A Word of Advice section.

Friday, March 15, 2013

What's up with that comet?

Well, good question.

I have made three valiant efforts to observe it, the past three evenings (March 12-14), and may still try to do so in the next few days, but so far I have been disappointed.

The comet, Pan-STARRS, is definitely not as bright as I was hoping it to be and living in a big city like Los Angeles, with its horrible light pollution, cannot possibly help here.

Still, the last two bright comets I watched in the 90-ties were quite easy to observe in the urban setting, though back then I lived in a smaller city, probably also more populated with trees that can offer some (even if limited) protection from city lights.

But the comet does look great in the pictures that have been taken recently, though taking pictures allows you to reach dimmer objects, so it should not come as a surprise that you can easily "spot" the comet that way. One of such pictures is featured below followed by a cool video that shows the comet close to the new Moon.

This time-lapse video is very cool, indeed.

Comet Pan-Starrs Moonset from Dan Finnerty on Vimeo.

For those who have not been able to watch the comet outdoors, don't lose your hope yet. Here comes some online help. You can watch it online from some Italian observatory, provided the pesky clouds don't interfere as they, unfortunately, did today. The next session is scheduled for tomorrow, March 16th, so don't forget to tune in.

It starts at 17:00 Greenwich time (that's 12:00 EST or 9:00 AM Pacific Time), and since it's a Saturday, you have no excuse not to tune in.

The webcast site is right here. Good luck!

Sunday, March 10, 2013

Switching to a new e-mini futures contract

When to do this? Right on the rollover day? Or perhaps you should wait another day before you start trading the forward contract?

I tried to answer this question in the newest article just posted on my site in its "A Word of Advice" section that features a number of articles on trading, especially on day trading e-mini futures, a subject I am quite familiar with.

This new article can be found here and a similar article (also on futures rollover days) is right here.

Friday, March 08, 2013

More than 2 weeks of consecutive e-mini trading results

As of today, March 8th. Yet another long cycle of e-mini futures trading results, one day beyond the two full trading weeks, meaning 11 trading days in a row.

Not the longest such a stretch, but pretty long nevertheless, and the third like that (2 weeks or longer) this year alone. Last year I did two such trips, if I recall it well, and in 2010 even more, four.

But this year I have also posted 3 consecutive weeks of results, which is a new record.

You can see these e-mini futures trading results on my site, including the current year of results.

All the results have been accomplished using KING, an e-mini futures trading methodology that is part of a comprehensive e-mini day trading course of the same name.

Just to let you know, the price of the course is going up this month and then again when the KING trading forum is up and running.

Thursday, March 07, 2013

A new comet can be seen now!

This week, that is, on the northern hemisphere. And for a rather short period of time.

Long time no see: Pan-STARRS last Saturday <i>(Image: <a href="http://www.luisargerich.com/">Luis Argerich</a>)</i>

Starting in the evening of March 7th, after the sunset, but it should brighten in the next few days as it is approaching its perihelion.

Good luck watching it. I hope it will be bright enough to be spotted in Los Angeles. That would be my third comet to see in America. I also saw Halley's comet, probably the most famous of them all, but at that time I was living in Poland.

For more about this celestial visitor, please see this article in New Scientist.

Wednesday, March 06, 2013

I love twelve!

Because, seriously, who doesn't?

Twelve is the first abundant number. Don't know what it means? Check out Wikipedia. That's pretty easy. Some basic number theory stuff. More like arithmetic, really.

I believe that twelve is really cool. It even has a special name, "dozen" and not many numbers do. Even 10 doesn't. But 20 does, "score." Maybe because 20 is also an abundant number, but so is 18 and yet everybody knows it only as eighteen, which is pretty bland.

I suspect that actually everybody loves 12, they may just not be realizing it or be less effusive about it, which explains why this is not mentioned more often. It's just like with ponies. Everybody loves ponies, and even the people who own them. I should know. I am from a (former) pony country, though I have never owned a pony.

For more about my e-mini futures day trading results with KING, an e-mini trading course, please check out the current trading results section.

Tuesday, March 05, 2013

Dow Jones at a new all-time high

The Dow Jones Industrial Average surged 154 points early Tuesday, March 5th, reaching 14,283 and breaking through its previous record high set in October 2007.

Will this rally really last, though? I somehow doubt it very much. It's really odd to see the Dow at a new all-time high at a time when the US economy is barely breathing. The correction is coming as it did in 2007 and it may be as bad as the last one too.

Or I may be totally wrong. Either way, as an e-mini futures day trader, I really don't care. A correction would bring higher volatility, which is good for me, but even without it, I will still do fine.

Friday, March 01, 2013

How's that for a start of a new month?

They don't show those on trading forums for dipshits and losers, do they?

That would upset too many people, wouldn't it? Especially vendors who have yet to produce anything worth posting, so instead they try to compensate for it with a never ending production of expert drivel, a mild form of pathology, if you ask me.

Not exactly a thousand bucks, but nothing to sneeze at either. The first day of March was yet another good day.

For more about this and many other screenshots like that see the recent trading results section. Results due to KING, an e-mini futures day trading course and the trading methodology it is based on.