Tuesday June 5, 2018 blackFLAG© Futures Trading System update

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Trading Performance Results - PAPER TRADES FOR TESTING PURPOSES!

Trading Alerts For Futures Markets

Jose Azcarate Creator of the blackFLAG© Futures Trading System

Trading Performance Results (Paper Testing Alerts)

The system works beautifully. The operator needs improvement!

11:22 AM
%
Loss -$4,317 Simulation of a Bad Day!

CARELESS DAY OF TRADING. SHUTTING DOWN AS OF 11:22 AM. Tomorrow is another day!

Algo Optimized April 27, 2018 Version 2.0

Basic Assumptions:

Account Size: $100,000 USD
Maximum Risk at Trade Entry: $2,000 (2.00%)
Maximum Risk 2 Min After Entry $600 (0.60%)
Adjust To Break Even ASAP
Average Size: 4 Contracts when using blackFLAG FTS.
Without blackFLAG FTS: 1 Contract / $125,000 of Capital
Maximum Loss Limit / Day $500 (0.50%)
No New Trades.  WALK AWAY!

  • CRITICAL ASSUMPTIONS NOTE - 4 Contracts are used only once per day per symbol.  The goal is to capture the best setup for the day and get as much out of the market as possible.  Any trades AFTER that trade, (if there are any), have only 1 contract and stops are managed aggressively.

Critical Support and Resistance Levels Displayed on the 10 Min Chart!

 

Comments:

/ES

Comments:

  • /CL   

Comments:

  • /GC 

Notes:

 

5/29 to 6/01/2018

$5,528 Net Profit for the Week.  (4 Day Week - Memorial Day on Monday)


5/15 to 6/01/2018

$10,723 Net Profit for the two weeks of testing.  

 

2018-06-05
summary of a bad day trading 2018-06-05_12-55-45

Tuesday:

Today, I wanted to illustrate how a trading day can turn into a 4.0% loss of your $119,342 account.

I have listed several of the mistakes traders make on a daily basis.  In the past 2.5 weeks, I have been showing how to trade properly and follow the plan and respecting the rules exactly.  When a trading plan is written with clear steps and rules to follow, it is possible to stay on the right side of the market fairly frequently.  

For new traders following a plan on paper is the first step.  You must learn about yourself as a trader and it is critical to paper trade several scenarios including winning and loosing, small and big time.  Notice how you feel psychologically and how you adapt to those feelings.  Then consider if those trades had been live, how would the results of those trades affect your daily life.  How would your significant other react to your losing trades?  what would happen if you have not only a bad day but a bad week?

Experience matters.  You must invest the time to study and study for months and even years.  Personally, this is my third year studying futures.  Otherwise,  do not waste your time starting to trade futures. You must treat futures trading as a business.  

This is a job and it is the opportunity of a lifetime, you decide.  

IF ANYONE TELLS YOU THAT THEY HAVE A PROGRAM TO TRADE FUTURES AND THAT IT HAS 90% PROBABILITY OF PROFIT, DO YOURSELF A FAVOR AND RUN!