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S&P 500 E-mini Daily Trade - Feb. 28th


DISCLAIMER: I am not recommending this trade. This is for informational purposes only.

Daily Trade for February 28
February 28th, 2007


Prior Trade Results:

Loss of $2,865 per contract

Ending Balance:

$56,450

Trade for Today:

Long 2 E-mini SP contracts : NO CHANGE, STILL HOLDING POSITION SINCE FEB. 1st

Comments:

It has been a long time since I went against the model and did so well. As documented over the past 5 posts, I protected my profits going into this week, which kept me safe from today’s decline although I didn’t enjoy the ride all the way down (that would have been too perfect). The model is now down 12% from it’s peak value, which is within normal parameters and nothing to be concerned about. Looking ahead, I see the first increase in margin holding this week to 4 contracts coming Thursday, so I will probably be getting LONG around midday today. The lack of volatility prior to today was the reason the model kept leverage at the minimum of 2 contracts. A further decline tomorrow will setup the model for a “double down” on this LONG trade as some internal model values are predicting that this correction will be short-lived.