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August was wild! Here are last 9 Days results Plus +68% gain on put option

September 4, 2020 By Mohan

Saturns Day 9/5/20

Greetings Traders,

I am going to be updating this blog at least weekly now with news on the markets, bias readings, and reports on our trades signals.

The last 9 days of trading were winning sessions.  We also caught the huge drop into September 4rth using options with the market getting slammed down -807 points on the DJIA

……….

On mini Nasdaq here are the points total and the profit total which as always is based on 4 NQ contracts. Our daily NQ goal is to hit +8-12 NQ points and then Stop Trading.  This will give us a $500-1000 paycheck on 4 NQs.

Thurs Aug 20th…..+8.00………..+$620

Mon 8/24……………+17.00………+$1,324

Tues 8/25……………+2.25………..+$144

Wed 8/26……………+9.50………..+$724

Thur 8/27…………..+9.00…………+$700

Mon 8/31……………+9.00…………+$700

Tue 9/1……………….+4.50………….+$288

Wed 9/2……………..+9.00………….+$700

Thur 9/3…………….+14.00…………+$796              (up to +$5996 gain)

*On Sept 1st I had recommended buying Put Options on the SPY.   SPY340 puts 10/5 expiration at average price of 4.99….Sold these on 9/3 with big market drop of -803 DJIA points at 8.40 for +68% gain  ($680 gain for every 1000$ invested)

Note: Our main daily business is NQ futures trading but as a bonus feature to the members of the room I will give signals on stocks, ETFs and Options.  We have had 85% winning trades on the signals given since 2016

Join our Day Traders Action live room under the “Trade Live with Mohan” section of the blog for only $39 to start if you have not been in our room before. Returning members email me at: Mohan@daytradersaction.com

Just remember:  Futures trading is risky and only risk capital should be used for trading.

all the best, Mohan

 

Filed Under: Blog Tagged With: daytraders, daytrading, futuresdaytrading

About Mohan

RISK DISCLOSURE: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

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