Hello Traders! It’s Tuesday morning, just shy of 10:00 AM. I’m about to turn on the autopilot trading system for a half-hour session, and I’m eager to see what unfolds between now and 10:30 AM.
This session is aimed at providing a snapshot of the system’s performance, showcasing both the profitable and losing trades. I’ll be using the default settings on an 8-range chart for the E-mini S&P with just one contract.
Trading is inherently risky, so please only trade with funds you can afford to lose. There are always risks involved in trading.
Can You Make Money Selling the Market?
A frequently asked question is whether you can make the same amount of money by selling (shorting) the market as you do by buying. The answer is yes. Here’s a quick overview of how it works:
- Selling the Market: When you sell at a certain price, you commit to delivering the instrument (e.g., E-mini S&P, oil, NASDAQ) at a later time, hoping to buy it back at a lower price to complete the transaction.
- Profit Calculation: On the E-mini S&P, each tick is worth $12.50, with four ticks making up one point, equivalent to $50. This mechanism allows traders to profit from both upward and downward market movements.
Why Volatility Matters in Trading
Volatility is crucial because it determines market movement. Here’s why:
- Normal Volatility: Ideally, the market should move a few points every few minutes. This allows for reasonable targets and stops.
- High Volatility: While it can increase potential profits, it also raises risk.
- Low Volatility: If the market barely moves, it’s difficult to make significant gains, leading to choppy and unproductive trading sessions.
Autopilot Trading System Features
The autopilot trading system includes:
- Trailing Stops and Break-Evens: These features help protect profits as the market moves in your favor. A trailing stop follows the price at a set distance, locking in profits as the trade progresses.
- Customizable Settings: Traders can adjust stops, targets, and other settings according to their strategies and risk tolerance.
- Versatility: The system allows for different trading styles, whether aiming for small, quick profits or larger targets over longer periods.
Live Trading Session Overview
In today’s session, I’ll be hands-off, letting the system run its course. Here’s a brief overview of the trades so far:
- First Trade: A winning trade.
- Second Trade: A losing trade.
- Third Trade: Currently at break-even.
We’re about 10 minutes into the session. I’ll let it run for the remaining 20 minutes to see how it performs.
Key Points to Remember
- Use of Trailing Stops and Break-Evens: These features are vital for managing risk and securing profits.
- Market Conditions: Be aware of economic calendars and news events that can impact market volatility.
- Trading Approach: Whether you prefer a conservative or aggressive strategy, the autopilot system is flexible to accommodate various trading styles.
Session Conclusion
After 30 minutes, the autopilot system hit the daily profit target of $500, automatically closing the position. If we had set a higher target, the system would have continued to trade, trailing the stop accordingly.
For those interested in the autopilot trading system, I recommend visiting daytradetowin.com to watch more videos and determine if this system suits your trading style. It is also included in the Accelerated Mentorship Plus program, offering all our software with lifetime licenses.
Until next time, happy trading!
