"An investment in knowledge pays the best interest." Ben Franklin
Swing Trading The SP500 Emini Futures
We often hear our trading style is too abrupt, lacking in elegance, more like a Pirate's Smash & Grab. Our standard answer is "Increase the time frame" or, "Learn to appreciate the power of 2 points." Here's the rub, many people are convinced that making 20 points on 1 contract is superior to earning 1 point on 20 contracts.
Keep in mind... the payout is identical.
20 points X 1 contract X $50 per contract = $1,000.00
1 point X 20 contracts X $50 per contract = $1,000.00
Which is easier?
- Some days the S&P 500 range is less than 20 points.
- The S&P 500 always has a daily range greater than 2 points.
However, we understand that more points is in fact the goal of many traders and that's why we developed our CFRN Emini Swing Trader Product. We issued a Swing Trade Sunday prior to the Globex open in an attempt to illustrate one of our Trading Truths -
"You don't have to know what's going to happen next to make money in the market". Mark Douglas
It's true... Traders spend a lot of money on crystal balls in an attempt to know the unknowable, when by simply focusing on that which can be known, your results can be quite reasonable. Before the Globex open on Sunday we did not know which way the market would run. We made a reasonable case for the bullish side but we quickly folded our opinion and put it away. Whatever the market decided to do, not what we thought it would or should do, we were ready for it.
Here's a peek behind the velveteen curtain...
CFRN Emini Swing Trader
As opportunities unfold we will keep you posted.
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