Today there were 45 contracts auto-traded in Pacific Trading Academy’s POV*account at Striker. They sustained a REAL-MONEY LOSS of -$2,900.00 net of a $20 per contract transaction charge. Cumulative net profit for the month of February equals $14,530.00.
“Mentor” Mike Bridges’ calls his system for day trading the S&P Emini futures, “POV*” – standing for Price, Oscillator and Volume. The goal of POV is to earn an average of $1,000+ per day trading 9 ES contracts. This requires a daily net profit per contract of $162.50 — $112.50 for the basic “Grand-A-Day” goal and, an additional $50 to protect against the inevitable losing days, up to 3 per month. Today’s results = -$64.44 per contract.
Later in the weekend Mike will be posting another Market Movie recapping the real-money trading in his live TRADING ROOM this past week. Be sure to check back and take a look.
Today’s Chart
Here is/are today’s screen capture(s). Please click on a chart to make it larger.