- Russell eMini is an Excellent Sample Market
- SST Shows-off Over Two Years of Daytrade History
- 2010 over +430 Points
- 2011 over +450 Points
- 2012 over +220 Points and on Track for Another +400 Point Year!
With July coming to a close, traders can see that as slow as the markets have been lately, they seem to have slowed down even more this summer. August is always a sleepy month for the markets but I suspect THIS August will put many traders to sleep in their chairs. Watch out, though. The markets will lull you to sleep and then wake you up with a burst of energy, knocking you right off of your chair. The alert and disciplined SST Trader will be ready to take advantage of these moves.
Today was a great example. The markets had been slow all week, but today, mostly due to comments out of the ECB, markets were trading in a maniacal fashion during the early part of the session. It’s a challenging week with FOMC statements this week, along with its European counterparts asserting themselves, as well. Moreover, there are important economic reports all week and Non-Farm Payroll this Friday (Tomorrow). It will be very interesting, to say the least.
The SST has actually prospered through the slow months of August. On our Two Year Anniversary, we are beginning our third August with the SST. I’ve been tracking our Russell eMini trades since April 2010. The Russell is a good test market because it goes through so many ‘personality shifts.’ It’s a great proxy for the markets in general. It can put you to sleep, slap you in the face, take your breath away, make you cry, make you smile, and everything in between. More importantly, it can make you a lot of money throughout its various Dr. Jeckyl/Mr. Hyde personality shifts.
We’ve created quite a track record on this market with the SST. In August 2010, the tradeplan that we teach and trade in the traderoom did +56.7 points with our two position approach. The same approach we are still using today. That’s real money at $100 per point. We continued to rack up the profits upon releasing the SST for the first time that month, up until the end of the year, when we finished with over +400 points (since April of 2010 when we began using it in the traderoom prior to the public release).
In August of 2011, the month of our First Anniversary, we did even better. We closed the month with +80.9 points! Happy Anniversary!! In fact, for the most part, we have done very well from April onwards during 2010 and 2011. And so far, 2012 is shaping up to be another banner year, unfolding much the same way.
I predicted at the beginning of this year that we would gain over +400 points again using the exact same tradeplan with the Russell eMini. By the end of March, I was thinking I had made a mistake. March has been tough three years in a row, and this past March was no different. Alas, even the best tradeplans will go through a tough month every once in a while. We guard against that with the other aspects of the Seven Summits Trader and the system itself is always fast to recover.
That was then though, and this is now. Looking in the rear view mirror, I can see a speed bump in the road, that was March, but it is getting smaller and smaller. It looks a lot different from this point in time. We are now at all time profit levels for the lifetime of this tradeplan as well as for 2012. We gained +9 points on Tuesday, and had a nice quick session today with a nifty +2.3 after a very small loss yesterday (-1.2). We did +17.5 points last week, and are up +66.4 points for the month of July, 2012. More importantly, as I said, we are sitting at all time profit levels with +221 points for the year and I am feeling pretty good about my earlier prediction. We are on track for another +400 point year!
I realize there are many more markets than just the Russell eMini. The good news is that we are doing great with them as well. In subsequent posts, we’ll look at other markets. As I said, markets are slow, but there are profits to be had. We’ll look at some of the best forex markets next.
Also, I’m going to be leaking news on some of the latest additions to the powerful SST Pro Calculator, which is the tool that does all the heavy lifting for us, showing us every trade setup clearly and concisely on the chart. We have added powerful new filters that are helping increase profitability across many different markets. Check back for details.