It's been a while since my last update. The main reason for that is I really need to manage my swing position. The spread went in my favor after planting report, but I thought it had more room to go, but it completely turned around and now I'm sitting about at break-even. This could take months to work out, but I hate seeing the spread goes to $40K again. Now I have two lots, I have to deposit more. However I still like this trade. I'm looking at least $10K profit off of this trade.
Lumber started showing some signs. Yeah, I know about housing markets, but we all know that when 'everybody' talks about something, it's time to do the exact opposite. I'm well positioned on Lumber. If May contract goes about 250, I'll sell 270 Call so that if the market drop back, I'll take the premium lowering my b/e level.
I'm also working on a new strategy in ES. So far very consistent, but need to simulate more. Previously, I hurried on trading from sim, I ended up losing a lot. I do not want to do that for sure this time. I'll most likely start with $10K trading 4 lots of ES. When I started doing that, I'll post live updates here.
As far as the money club I'm in, it is profitable, but slightly above +1% since inception. I will take everything out in July which will give lots of flexibility on my other trading account. If things go well, I should be trading 20 lots on ES (Yes, I'm very confident).
At the moment, I'm also programming to accommodate advanced order entry. I could buy a software and pay $4.10 RT on ES, but if I don't use that software and program it myself, I can get $3.30RT. If I trade more later, that 80 cents different will add quickly.
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