Daily Trading System Results - April 21, 2022


50K Portfolio 1 Micro SI 25 (LIVE) = +$1,250

200K Portfolio 6 Micro SI 25 (LIVE) = +$7,575


We went up on the week and up on the month after today's trade. We started out with loses across the board taking the long side and were down on the day. As the market rolled over, we got short into the close for nice gains on the day.


Jay Powell spoke today and re-iterated a more hawkish Fed and the likelihood of 3, 50 basis point rate hikes between now and the end of the year. This dialog is nothing new but its as if the market started to believe it today.


We had a nice sell off with some follow through without the normal propping that we have been seeing.


Yesterday we discussed the divergent market as the market took out last weeks lows on Monday and it approached last weeks highs today which created some serious resistance and the market has sold off as we anticipated and discussed yesterday.


I'm anticipating those March lows in the Nasdaq and February lows in the S&P at risk by the end of the month.


Going into today's trade, we had only 4 winning days out of 13 trading days this month. Today we added our fifth winning day on the month. 36% of our days are winning days this month but we are up on the month at the close today. Only 40% of our Nasdaq strategies were winners today but the winners were much larger than the losers. This is the contrarian nature of trading and the premise of cutting your loses and riding your winners and the psychological challenge of trading.


10 of 11 S&P Sectors were down today.

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