Daily Trade call for S&P500 e-mini

This came from marketmodel.com. I thought it might be interesting to see their daily trades and how they develop.

DISCLAIMER: I am not recommending you take this trade. This is for informational purposes only.

Daily Trade for February 9


Prior Trade Results:

Loss of $90 per contract

Ending Balance:

$62,310

Trade for Today:

Long 2 E-mini SP contracts

Comments:

One way the model can be applied is for day traders. Personally, I’m not very good at it, but the daily trade direction gives a good bias for the day and the opportunity to scalp points during the day. For example, the LONG bias of the model over the past few days could have been exploited by buying weakness intraday. In fact, that exact trade would have been very profitable over the past few days