Trade Summary
20180102
Short 2 RTY 1543.5, +1.0, -0.1
Short 2 NQ 6468.5, 6469.5, -3.0, -3.0
Short 2 RTY 1543.7, 1544.6, -1.5, -1.5
Short 3 RTY 1545.9, 1545.9, 1545.9, -1.5, -1.5, -1.5,
Short 6 RTY 1547.8, 1547.8, 1548.8, 1548.8, 1548.8, 1549.0, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 2 NQ 6486.0, 6486.0, -0.0, -0.0
Short 2 NQ 6496.5, 6496.5, +3.0, +4.0
Short 6 RTY 1552.1, 1552.1,1552.1, 1552.2, 1552.2, 1552.2, +1.4, +1.4, +1.4, +4.0, +4.0, +4.0
Total NQ +1.0
Total RTY +0.6
The Martingale Betting System cannot be applied in random fashion in futures trading as merely a way to recover losses. It can only be applied when a valid Trade Entry Model has become even more likely to succeed when the elements of True Trend Momentum and successive price points in the Exhaustion Grid have been achieved. By the time both of those have added back to the Serial Sequent fractal signal, as was the case today in both the NQ and RTY, a series of losses might have already accrued. At such times, it's tough to take another trade--and taking that trade with twice the number of contracts than the earlier losing positions even harder. Make sure your Trade Plan of Entry Models is based on Technical Event Concepts that have long history of validation. Otherwise, such a betting plan as that of the Martingale System will simply bury you against any profits your plan may succeed in accruing later in the week. ...and all the best to you in the coming New Year...
