Wednesday, September 28, 2016

Moving my site to another host

I am pretty busy with rather boring and time consuming things these days, so not much posting here and not much tweeting.

I am moving my site, eminimethods.com, to another host.

That means moving its domain and also the server that hosts the site files. I think that my next site, if I ever decide to launch one, will be based on the WordPress platform. Much easier to post to and easy to maintain too compared to a static site.

That means that my site may go down, perhaps even for a day or two, at some point in the next few weeks. I may also suspend my commercial activity, but not only because of that, also because other things may keep me from responding to orders and e-mail in a reasonably prompt manner.

I will probably also inform you about it on my site, closer to the whole operation, but it's just so much easier to do so on this blog, so I am doing it here first.

I am moving my site from GoDaddy.com to Namecheap.com. I have not been particularly happy with GoDaddy lately.

Not only are their prices not very competitive any more, but in some ways, they are practically corporate criminals, interested only in money, lacking elementary decency to their loyal customers when their customers need them most, which is perhaps even worse. That has been my experience with them, the GoDaddy.com Abuse Department in the first place, over the last year or so. It's time to send a message by moving my business elsewhere, and in fact, lowering my business costs a bit too - while the latter is of somewhat secondary importance, it's a nice bonus, for sure.

Tuesday, September 13, 2016

13 trades on September 13th ... sort of

As can be seen from my two tweets from today's trading session.
The trades are in the Dow Jones e-mini futures market, whose ticker symbol is YM. This is my favorite day trading market.

They were taken using my day trading methodology, KING. All you need to know about KING, a fine e-mini futures trading course based on this methodology, and much more, is on my website dedicated primarily to day trading the e-mini futures markets, preferred markets of many retail traders these days.

Sunday, September 11, 2016

Surprisingly, this e-mini futures day trading system keeps making money

The trading system in question is our dear George IV, or, Mr. IV, for some.

Yes, it keeps making money, at least in YM, the Dow Jones e-mini futures market, despite rather poor conditions due to exceptionally low volatility this summer.

One can blame this low volatility on a number of things, one of which is certainly a very crazy US election season, in which a disliked career politician with a troubling sense of entitlement is competing against a blathering billionaire posing as a savior of the working class and a yuuuge fan of Vladimir Putin whom he would probably be happy to emulate once he gets elected.

If that's not a farce, I don't know what the farce is. Ordinarily you see things like that in third world countries, or when the shit is about to hit the fan anywhere on the planet. Probably any planet, but let's stick to the Earth, shall we?

Most Americans desperately hope for some change, yet neither of these two people can rationally be expected to deliver it as both represent the establishment, be it political or corporate. Both also have distinguished histories of lying or flip-flopping whenever they find it convenient.

Out of the nation of over 300 million people, the best that America has produced in this presidential election is two addled old farts that spent most of their adult lives in positions of privilege and power they clearly are addicted to, largely clueless about the lives of ordinary folks they want to represent.

That in rational people this can only induce a profound sense of frustration and deep divisions among all living here, the divisions that may be hard to heal, goes without saying.

In circumstances like that it's hard to expect the rational market players (and most big players are such) to commit to larger positions. They will wait until the election is over, though one can expect some volatility before (say, due to Hillary Clinton's health issues) and serious volatility afterwards if the President elect is considered to be bad for the markets.

Markets don't like uncertainty and Donald Trump is perceived as Mr. Uncertainty, so his election (quite likely, in my view) may spook markets more than if Hillary is elected.

Below you see the current (2016) track record for the Dow Jones e-mini futures market.


You can see from this table, also posted on my site, that up to September 9th, the system has executed 36 trades and produced 200 points, each worth $5.

Assuming 2 ticks for slippage (probably a bit too much) and $5 for commissions, that can also be lower with some e-mini futures brokers, you could have made $(200*5-36*15)=$460 per contract so far this year.

Now, you may think it's not a lot.

Well, compared to 2014, that may be true, but not every year can be that good, and a mechanical day trading system is unlikely to do as well as a swing system, as the latter has access to bigger ranges. In fact, many such day trading systems lose money if their profits include commissions and slippage. This one has made money over the last three years or so and in a more distant past over a period of about 2 years as well.

The only way to make real money with mechanical day trading systems is by using a relatively large number of contracts, at least 10-20. Then your profits can be in thousands and sometimes in tens of thousands of dollars instead of just hundreds of greenbacks.

I am offering this fine mechanical e-mini futures trading system for YM and ES mainly for educational purposes, as I strongly believe that KING, which also includes it, is a better offer and more likely to make you much more money than George IV. However, this system can also make you money, probably enough to pay for itself ($400 only) with one contract only.

Or even to pay for KING ($1400), if you start trading it in a drawdown, also with one contract only.