September 29, 2008
By ryan45 on Sep 29, 2008 in Featured
Today was a historic day in the market as congress failed to pass the bailout bill and we saw some of the largest drops in history. Yes, we did trade today before the announcement and sentiment was generally bearish. Volume was high and volatility was a constant trick as to where to enter trades. The Matrix Wealth Trading System proved itself today each time we entered. Our goal of taking a conservative profit from the market was once again realized and it was just a crazy day. Oil dropped significantly, gold and bonds climbed as investors pulled out of stocks to weather the storm. The key to our success today was just identifying the trend and acting inside of our own level of risk tolerance.
Todays percentage was .33% with only 8 minutes engaged in live trades. Our first trade experienced substantial slippage due to the speed of the market, yet our profit target was reached and designed in such a way to give us a good return on our trade for the time cycle engaged. Watching the market movements felt similar to seeing a tsunami. Where there was plenty of devistation, there were many opportunities to make a profit for a skilled trader. We look forward each day to what the market will bring, and today definitely didn’t dissappoint.
IMPORTANT NOTICE: Futures trading has large potential rewards, but also large potential risk . You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
