+10 Points ($1,000) on Russell eMini; Done in 20 Minutes!!

On the Russell eMini, we jumped out of the gate like a RACE HORSE, picking up a fast +10.3 points on the Russell eMini using the SST.  Within 20 minutes we were off to enjoy the rest of our day.  At $100 per point, we were able to grab over $1000.

The session continued to be amazing and anyone trading a more vigorous quitting strategy would have been very happy today.  We’re content with our 2 wins and positive ‘power of quitting’ approach however, which keeps us moving our accounts forward while taking what the market wants to give us session after session.

Click on this chart to see today’s Live Russell trades as shown directly on the chart.

Click on this chart to see the actual trade details

Click on this chart to see our most current equity curve. Notice our breakout to all new equity highs today!

We broke out to new equity highs today and have been able to post +260.8 net points!

Click on this chart to see the actual trade details

Forex traders should pay attention because while these are real live futures trades, what we’re finding is that our forex charts are even producing higher returns.  Stocks too!  And, as I have stated earlier, stocks and forex give us more flexibility with one of our key 7 summits of trading, scaling in and out at strategic levels.  Hard to do with Futures unless you have a 6 figure trade account, but with stocks and forex, you can do it with much less and grow your account to 6 figures and beyond, with a well thought out tradeplan.

Finally, I wanted to show you what the power of proper money management would have had on our live Russell trades, as an example.  I took the same exact trades that I called live in the trade room and applied a simple fixed fractional money management plan to them.  I put a 10 contract cap (per position) and assumed a starting account size of $20,000.  I then applied a 2% risk per trade to the average losing trade, $163.  I also put on a $10.50 per position cost (commission and slippage). Now, we know that we’ve been able rack up $26,000 in gross profits with an no money management applied, based on the accumulated points to date.  How much do you think we would have made using this simple money management approach over the exact same live trades?  You’ll need to click on the chart below to see the NET after cost results.  I’ll give you a hint.  We had to add another digit.  We capped out at 10 contracts less than 2/3rds into our trading.  In other words, using the formula briefly described above, we built our position size up to 10 contracts by around our 325th trade, give or take (525 trades in total).   That means, every trade after that was trading at the maximum allowed 10 contracts per position.  That means that as the equity kept growing, the risk per trade vs. our overall trade capital, from a percentage basis, became less and less.  In other words, our risk on each trade stayed the same while our account balance kept growing and growing.  That’s the power of this idea and we think you’re eyes will pop out when you see the results below.

Click on chart to see same live trades with both a single contract approach per position and a fixed fractional money management approach per positionThe blue line and numbers on the left are single contract results.  The green line and numbers on the right are the managed contract results.  Hey, we teach this stuff!  You could be doing this!!  These were all called live in our traderoom.

Click on this chart to see how much actual NET profit was made from the exact same live trades.

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6 Responses to +10 Points ($1,000) on Russell eMini; Done in 20 Minutes!!

  1. Adrian says:

    You say you made 10.3 russell points, but that is misleading, as it took 4 contracts to make the money. So while profits will be bigger, so will drawdowns when it goes wrong. For a person to put on a 2nd position with 2 on each means they will roughly need 4 times the capital, compared to trading just one.

    • CoachTJ says:

      There’s nothing misleading at all. We are calling these trades live in the traderoom and for those members who are in the room, they are fully aware that this is a two position strategy. We have posted the equity curve on this very blog, showing the actual results based on the full strategy, which includes each position traded. Misleading would be if we did not disclose the exact strategy and multi position approach. The mere fact that you knew it took 4 contracts is a testiment to our being completely on the level. I have also shown in videos the exact approach, while emphasizing the need to build up to a mutli position strategy. You are correct that it requires more capital to trade multiple positions. We always encourage that a trader keep their risk exposure to approximately 2% of their trade capital on any given trade as a rough guideline. You would need to determine the correct market, timeframe and position size based on good sound risk management and your available capital. You could trade forex for example, with the same strategy, and take advantage of the multi position approach that SST offers, by the clever use of mini and micro size positions. Scaling in multiple positions and allowing your profits to run with the use of our trailing stop tools are aspects that make up one of the Seven Summits and the reason this system is called The Seven Summits Trading System. The fact is, we DID gain +10.3 points. We also broke to new all time profits that session. A few sessions prior, we had two double digit gainers. The multi position losses are also included in our results. I’m sorry you feel it was misleading, but I have to take issue with that and completely disagree with you. The only thing we haven’t disclosed yet, are the rest of the indicators that make up the strategy. That of course, will be completely disclosed upon our release next week.

      One more thing I’d like to to add; single position traders can do well with the SST, too. We go into this in greater detail with the training, but single position results, that is, the trades exiting at the fixed target only, have actually been outperforming as of lately, the trailing stop positions with the Russell. I suspect that will change again at some point, but I wanted to make it clear that single position traders, or those choosing the exit their full position at the fixed target will do quite well. Markets trade in cycles. We’ll pick up larger trades with more frequency and then we’ll see the trailers out performing. The best news though is that the SST gives you the opportunity to take advantage of both approaches in a single multi faceted strategy. Now it’s up to the trader to make good decisions and to manage their capital and risk, appropriately; also covered in the training.

  2. Merrill Wood says:

    Will this program work on the S&P? There is more volume on the S&P compared to the Russell 2000.

    • CoachTJ says:

      We’re seeing some great results with the S&P (ES). The ES is a tougher market to trade in general, precisely because of the huge volume. You have to wait in line to get filled. So often, we see our target getting hit, but we’re still in the trade. Then, it backs off 3 ticks, the target was hit, but we didn’t get filled. Now what do we do? I’m not saying one shouldn’t trade the ES with SST. But, it does require some additional planning and working out the details of your tradeplan on exactly how you would account for the additional challenges that the ES presents. I personally believe that would be true using any system with the ES. The 1/4 point ticks are a big disadvantage when relating them to your overall tradecosts. In other words, the cost of the trade (talking about slippage and needing to market out when targets are unfilled by the market) will take a bigger bite out of your overall profitability. That’s not a function of the SST. That’s just what goes with the territory when trading the ES. While the Russell does have much lower volume, it’s rare to not get filled when we hit our targets and we continue to get great results with the Russell.

  3. Clayton S. Hogstrom says:

    I tried to sign up for the two events, but the system would not save the information to my Outlook. Are you sending an e-mail to confirm my login?

    • CoachTJ says:

      Clayton, I hope you were able to get into this morning’s demo. We’re holding another one tomorrow. Check back in a bit and today’s session will be posted as a video to this blog.

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