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Want Mentor Mike to earn a Grand-A-Day for you? Check out Mike’s practice trades for our upcoming auto-trading project

Want Mentor Mike to earn a Grand-A-Day for you?  Check out Mike’s practice trades for our upcoming auto-trading project
 

When someone else trades your account for you, the per-contract transaction charge is more than what you would pay if you were trading your account yourself. We do not yet know what our per-contract transaction charge will be in our new auto-trading program. So for practice, Mike is using a flat rate charge of $35 per contract. The score shown on the chart screen capture below is net of that $35/contract transaction cost.

Also shown is the NinjaTrader performance summary. Note that the commissions are greater than the net profit. But that’s okay. The client still would have made over a Grand-A-Day.

The exact set up is still subject to change, but the plan is that each client can decide how many contracts to risk: 1, 3, 6 or 9 and then fund the account accordingly: $5,000 for 1, $10,000 for 3, $20,000 for 6 and $30,000 for 9. The client can stay at one level or grow the account to qualify for a higher level. Mike’s daily goal will be to earn at least $112.50 net per contract. Thus, a client at the 9-contract level would be making over $1,000 per day.

If you would like more information as it becomes available, and have not already done so, please send your no-obligation request to mentormike@charter.net

Today’s Charts

Here are today’s screen captures.  They may include my personal chart, the TRADING ROOM demo platform, charts submitted by students and/or my running intraday Elliott Wave count in the S&P Emini.  Please click on a chart to make it larger.  

Chart #1

Chart #2

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