September 16th, 2008. I don’t like to brag but lately too many traders have been getting hurt in the markets and I think it is unfortunate. Today for instance was one of the most volatile days I can remember - AIG opened below $2, a day after a 4% sell off, FED meeting, bankruptcies, well, you know the rest of the story.
As you know I trade all over the place, without stops, indicators or other clutter.
My only tools that are available to everyone are EminiForecaster.com G-lines and MarketDayTreaders.com G-signals - that’s it.
Having said that, today, I was able to outperform myself! When volatility kicks in I reduce the number of contracts I trade, sometimes down to only 1. This is good because I know I will get all the benefits (and risks) of a volatile day like today. Just look at today’s 5 minute chart and calculate an average bars’ range, some 20 months ago that was the range of an entire week!
Anyway I traded like a maniac trying to beat the signals using my intuition and experience. And here are the results:
- 10 round trip trades
- $4,500 or 90 ES points
- quit trading for the day at 3pm EST
- made about 33% on that particular account
Here is how G-Signals from MarketDayTraders.com performed today (with a 5 point stop) -

click here for more history charts
Not bad, as you can see I took advantage of some of the trades that were recommended -
To learn more about G-Signals go here http://MarketDayTraders.com
Images are copyrighted by TradeStation (TM)
2 Comments
Mike
16|Sep|2008 1I trade Gsignals pretty much on autopilot and picked up 46 points!
chip atchison
25|Sep|2008 2How are you doing with recent record of the market daytraders?
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