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.
March 23: Yesterdays setup in IWM was confirmed today. Bought to open 45 IWM at 106.93.
March 24: Sell signal has me selling to close 45 IWM at 107.27.
Net Profit $11.30, ROI 0.26%
Another mediocre but profitable trade. The win loss percentage is holding well above the historical number of 74% which is encouraging (see Trading Record). Still waiting hopefully for the big winning trades which makes this system work. In the mean time I just keep grinding out the trades as they come.
The markets and the economy are still in danger of slipping into recession, if they haven’t already? Gold and silver are getting pounded again today, however the precious metals mining stocks are hanging in there.
Not sure if the Fed’s manipulations of the markets is why the 74% Solution has been under performing since 2015 or not? Time will tell. In the mean time I am with Ron Paul, Peter Schiff, Mark Faber and Egon von Greyerz and am blaming everything on the Fed! As Nomi Prins, James Rickards and others are saying, these people at the Federal Reserve do not have a clue, they are just making it up as they go.
I have potential trade set ups for IEV and SPY for tomorrow. If one or the other trade is confirmed I will be reporting the results, as always, after I close that trade out.