That's right, we did it again!
Yesterday's Live Trading Webinar was open to the public (see yesterday's post) and, during the session, we found a trade on the Russell 2000 that made $500 per contract and, into the close of the Webinar, we decided to go long on the Nikkei (/NKD) at 16,985, looking to get back to 17,200 and we NAILED IT into the close for a $1,075 per contract win in just hours! Futures trading is fun – don't be afraid – check out our Options Opportunity Portfolio and get access to all of our Live Trading Webinars.
Also in yesterday's morning post (and on our Twitter feed) I mentioned the Alert we sent out to our Members in the morning, noting the following long plays in the Futures:
- 1,900 on the S&P (/ES), closed 1,907 – up $350 per contract
- 16,100 on the Dow (/YM), closed at 16,320 – up $1,100 per contract
- 0.975 on Gasoline (/RB), closed at $1.045 – up $2,940 per contract
- $30 on Oil (/CL), closed at $32.50 – up $2,500 per contract
Yes the futures are risky (and we were down before we were up in the Webinar) but they give you a tremendous advantage in volatile markets as you can use them to better balance your portfolio before the market opens or after it closes – rather than sitting and sweating while you wait for the opening bell to trade. Since we practice a generally Balanced Portfolio Approach at Philstockworld, we mostly play the Futures for fun but the experience we get while having fun really comes in handy when there is an after-hours surprise in the market. You've probably seen this commercial recently:
And no, it doesn't matter who your broker is (most of us use TD's Think or Swim) but this commercial hits it right on the head – being able to trade the Futures gives you a tremendous edge on the market. Let's say you only used one of our trade ideas and made just $1,000 yesterday on a single contract. What percentage of your portfolio is that? How…