Hey Tweeps, we are kicking ass & taking names here at @MavCrudeSchool. A few updates, we no longer use twitter as it is to slow for the lightning fast crude oil market, we now use gotomeeting to make everything as real time as possible, and you will also have access to all my charts live & in realtime. There is also a live chat box where you can interact with the other members & ask me any questions you might have. As always if you do decide to join you will still be required to complete weekly homework assignments to help you better understand the market profile & how to use it. Ive decided to release my trading performance for the month of January (even though it was a slow month, & because of holidays/vacation I only traded 17 days) so you can see what an average month looks like. The totals are done in average outs, aka, what the mean winner per trade is as I scale out minus all loses.
So for example if I long 10 contracts at 100, scale 2 at 100.20, scale 2 at 100.40 scale 2 at 100.60, scale 2 at 100.80, close out last 2 at 101, then the mean winner is 50 ticks. & on the flip side if I take a 10 tick loss, is takes a whole 10 off the days average.
For Crude:
1/3 + 10
1/4 + 104
1/5 + 101
1/6 + 78
1/9 + 81
1/10+ 85
1/11-30
1/18+120
1/19+105
1/20+15
1/23-23
1/24+32
1/25+61
1/26+111
1/27+9
1/30 -15
1/31 +109
For ES, it was a very slow month & we didnt trade it much, but pulled 11 points out of it
For options, we played the AAPL earnings, buying 415 puts & 430 calls for 8 dollars a piece, on the open next day puts were at zero, but sold the calls 26 dollars a piece, netting 1000 dollars per pair.
On the open the following morning we bought AAPL 450 weekly puts for 3 bucks, sold most of them for 5.50 in first hour of trading that day. Later in the day we bought GOOG 580 puts at 3.50, sold 2 days later for 11. So the 3 options trades we did last month we knocked out of the park.
Anyways these are the sums of the trades that I called out for the members last month, to go along w/ a great education about Market Profile. Feel free to ask me any questions, or if your ready to learn & make a lil money on the side what are you waiting for? Sign up below!
My lawyer said to make sure to include this:
Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential.
