Trade Closed: March 2012 E-Mini Dow Futures

The model portfolio has now been stopped out of our position taken earlier today. The net loss to the portfolio was $120 before commissions. We still do not have conviction that a turn is in, but we had an opportunity to take a trade with a good setup and only 12 ticks of risk. That is big risk for a day trade, but not for something we hope to hold.

We will continue to look for entries to potential long-term positions with controlled risk.

This is a fictitious model portfolio managed to demonstrate trading techniques which may be used to trade a speculative account. The description of this hypothetical transaction is for education purposes only. Nothing related to the portfolio should be interpreted as a recommendation to buy or sell any security and the general techniques employed may not be suitable for every individual. Past performance of these techniques or this portfolio may not be representative of future results and results shown may vary from actual, live trading results subject to commissions and live market conditions including liquidity.