Since most of the portfolios were at or near equity peaks, and with the news flow in a new month, we decided to wait for a drawdown entry alert to start live trading. It happened quickly intra-day. We phased in intra-day to the Stock Index Portfolio 18 as it hit a -$10,350 drawdown intra-day, after coming into the day in a -$2,675 drawdown. The hypothetical results for the Stock Index Portfolio 18 was -$7,675 per E-mini and 1/10th of that per Micro.
The Stock Index Portfolio is in a drawdown entry alert as we close the day.
Since we started trading late in the day, after the Stock Index Portfolio 18 was in a drawdown, the live trades in the One Million MNS were -0.14% with the 250K Portfolio down -$285. We are trading the Stock Index Portfolio 18 while waiting for the One Million MNS 128 to hit a drawdown entry alert so that we can rotate in at a good risk level.
The One Million MNS 128 was down -$9,500 in hypothetical results. We will wait for a -$30K or 3% drawdown to start.
The price action was challenging today on the first trading day of a new month and a new quarter with missile strikes in Israel as well as port workers on strike. The election is next month as well and the VIX surged into the 20 handle today with uncertainty in the world.
The market continues to bounce back regardless of the news flow and regardless of how steep the initial selling. Today the stock indexes still closed down but off the lows.
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