My remodel project is drawing to a close and soon I will have more time on my hands to trade. I have made less than 5 trades since the beginning of the year. It has been really good for me to take a break and just paper trade several strategies. However I have been active with my Slow 60 chart, but as the name implies, the number of trades is low. But this is perfect for another larger IRA that I want to start using it on. "Sell in May and go away" time is coming, so I hope to kick it in by that time.
Still tracking my SR60 chart and it has been doing really good considering the low volitality of the market. Jan returned just over 5%, Feb just under 5%, and Mar is already over 5%. Remember this is all based on only trading at 100%. I typically trade long at 150% and short 50%.
For March Slow 60 is currently up just over 3%.
These are certainly not the type of returns that day trading can generate, but the returns are excellent considering the amount of time spent. I would expect that SR60 will return between 50%-100% for the year, and I would expect Slow 60 to return something between 15%-25%. Not a huge %, but a lot of $ for a larger account.
Although I have not been tracking SR60 10am trading vs Anytime, the difference between the two is going to be small. Most of the recent trades have been coming at either 10 or 11am. With the low volitality, I think I can trade 10am only and do well enough considering I still can not trade all day.
So beginning tomorrow I will start trading some combination of SR60 10am and my Slow 60 chart. I am currently sitting 150% long. If I get a SR60 short signal then I will probable pull back to 50%. I want to keep trading some part of my assets based on the Slow 60 chart just for the real time experience. I could certainly see myself going to 100% for each strategy. That would have me trading as high as 200% and short as low as 100%.
By the last week of the month, I may once again try a little day trading again. But it will different than before. I want to wait for certain types of set ups to greatly increase the odds of success.
Hope all have a good week coming up.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
