The following information is for educational and entertainment purposes only. Rio Verde Trading and the author make no claim that anyone can or will achieve similar results in their trading.
Friday August 26 confirmed the previous day’s potential trade setup in SPY. Unfortunately I missed the trade, distracted by work.
Having missed that trade, I could have entered the trade on Monday August 29 at the open. SPY opened higher so I chickened out and passed on the trade.
The trade in SPY did not amount to much as has been happening all year. So I really did not miss much.
Fridays trade generated a close signal on Monday, which would have given me 1.07 per share profit. I would have traded 35 shares of SPY. After commissions that would have been a $33.45 profit.
If I had entered the trade at the open on Monday the 0.92 per share profit would have been a $28.32 real money profit.
This is the first trade in over two months. The 74% Solution trading system is still negative for the year, however the win loss ratio is still hanging in there at better than 77.6%.
I am not losing much sleep over the poor trading performance for the year. Too busy counting my profits in the gold and silver mining shares.
Three of my mining investments have doubled in value. Sold half of each one, got my initial investment out and am letting the remainder ride as a free trade. Love it when that happens.