I want to make sure that everyone understands how these results are calculated. When I publish results like these that are “potential results” I prefer to be conservative and assume the worst possible results because everyone is different.
The bare minimum that I put my record on is 2 pts a day, you can see via my own personal market recaps and the income statements of traders on this site that the potential is much higher. With a minimum of 2 pts a day, anyone can make a living in the futures market. Let me talk a little bit about how I calculated results.
The focus when trading should be on winning everyday not on how much money you can make.
- The market either hits target or 5 tick stop (no in-between)
There are times when we use a smaller target but I am assuming 2 points since that is a conservative estimate for everyone. You can see that the actual average is 3.09 pts a day. If you don’t know what that means see the bottom of this post to know what points mean in terms of dollars.
No Risk Management
We always take high probability trades but there is always a chance to minimize our risk and and maximize reward. An example would be a very strong area of support and resistance, for the results I did zero risk management
No If Ands Or Buts
In the market there is always grey areas. The trades selected are the all the valid trades that I share with the members of the Day Trading Academy via daily market recaps. If a trade may or may not have been filled then I exclude it from the trade set. If anything for that matter “may or may not” have certain results, I exclude it. For the exercise I only wanted concrete evidence that is 100% tangible with no subjectivity.
For those of you that aren’t familiar with eminis then I’ll share a small note about what the possibilities are here. The market that I teach on is the Emini S&P 500 (ES) because its a great market that is very fluid and easy to trade. I trade both crude and the ES as well. 1 point on the ES equals $50. So you multiply the number of points by $50 and you have your dollar amount.
We can also trade a very high number of contracts which you can compare to shares of stock, one contract is basically a share of stock on the ES. Below are some possibilities with the average of January and the absolute minimum of 2pts a day.
Click here to see a disclosure statement in reference to hypothetical results, the CFTC requires the following disclosure statement in reference to hypothetical results.