For anyone with a half decent trading methodology and good money management skills, this was a great month to trade the ES futures contract. Particularly, what made this month so special was the relentless bullishness that provided market participants with nothing short of a perfect trending market.
S&P 500 Index (July 1 - July 31, 2009)
Some would argue that this is simply 20/20 hindsight - and they are right to an extent. But, I believe that people may have suffered this month by not only consistently trying to short market, but by consistently letting their opinion get in the way of objective analysis.
My goal is to resume the publication of my ES system trades in August, as previously mentioned. Please check out the updated ES Performance page.
ES System Results - June 2009
ES System Results - July 2009
I would like to add a disclaimer that this month's trading was by no means a 'typical' one. In fact, I would consider it to be above average (approx. 80-90th percentile.)
And lastly a bit of humor before the weekend.
See you on Monday.
