I am viewing this week’s Futures “copy trading” with great optimism. While I traded on simulation mode on both Monday and Tuesday, every day this week has been profitable. This morning, I decided I needed to dip my toes back into the action. The gains were not huge, but they were profitable.
Our “copy-trading” guru seems to have overcome any butterflies. When Telegram (the texting app we use) was buzzing with all of the losses/gains people were having based on their instances of the copy-trader, it was hard for our guru to focus on trading. Now, he looks for a “perfect” setup and takes it. This morning, he closed trading for the day 17 minutes after it started. I made $256.82 after fees.
I am not going to get rich, making $1,250/week. If the guru is locked in and continues to make this amount consistently, I aim to raise the number of contracts I trade daily. Today’s profits were based on one (1) ES contract. As the account grows, I will continue to raise the number of ES contracts the copy-trader trades on my behalf. Ideally, the account will increase to $25,000 or over. At that point, I will configure the software to trade ten (10) or more ES contracts.
Admittedly, winning back my Algobot losses by the end of the year is a long shot. Whether it happens or not, I am hopeful this “investment side gig” can continue to bring in a regular income stream. I see no problem with my farm profiting off a few different crops. Ideally, my farm could still have a couple of Forex fields and a productive “futures” field as well. [I am allowing myself boundless optimism today. 🙂 ]