MNQ: Sunday, 9/21 Day TradesThree Trade Plans
1. Breakouts
2. Dips
3. Pivots
Each plan has a Very Aggressive, Moderately Aggressive and Least Aggressive version. For purpose of illustration, I will trade this hypothetical 50k account Very Aggressively. I will call out those entries.
Please note, these are all aggressive trades, even the Least Aggressive version.
Please note, while I call this an hypothetical 50k account, these are real trades done with real money in real time with real results. The only thing different is the quantity of shares that I actually trade. I extrapolate the results to reflect the results of a 50k account. Every entry I call out on this Very Aggressive version is +1 contract MNQ.
I chose 50k hoping to make this amount as accessible to as many as possible and at the same time big enough to trade without quickly blowing it up and big enough to earn a return worthy of the time and money put into it.
The first trade I called out fxed 9/12/25 @ 09:09:00 NY time. From then to Friday, 9/19, 17:00:00 NY time, market close, the above defined trading plan placed 209 entries with 205 exits. AROI: $7,379.40 Take/50k x 100 x 365/8 calendar days = 673.37025%. Take = profit from the 205 entries that hit their targets.
I hope you will find this helpful and that you will place these same trades on your demo account. I have no idea if this account will continue to grow or if it will blow up.
In order for this to be a meaningful trading plan I shall set forth some Foundational Principles and I shall flesh out details as they arise.
Foundational Principles
1. Protect King Account
2. Margin is key to protecting the King
3. Context is key to interpreting charts
4. AROI is the gold standard for measuring results
Breakouts
1. The very first Breakout order is placed above where you expect a bounce. For this illustration I started at 24050, just above a Pennant pattern.
2. Use a stop market order +1 MNQ for every entry.
3. Target for each and every order is 19 points.
4. Every 5 points place another order.
Picture this as a ladder. After you reach the fourth rung, you will take some profit every 5 points.
This is what I call the Very Aggressive version.
The Moderately Aggressive version places an entry every 10 points.
The Least Aggressive version places an entry every 20 points. There is no overlap. You will exit at your 19-point target before you place another entry.
I always have Breakout orders stacked up. If the Px moves overnight I catch the action as I sleep.
When the Px pulls back I wait for a new bounce and start the process again.
Of course, when it does pull back, I will have some open trades. I leave them alone. In this historical bull market that we are in, in all likelihood they will hit their targets in due time. If Initial Margin is a problem, I will sell them before 16:45:00 NY time and buy them back @ 18:00:00 at a lower Px if possible. The only time I run into a problem with this is at rollover time. Sometimes I have a loss at rollover time. But careful management minimizes any loss. So far, the advantages of this plan have far outweighed that one disadvantage.
One very important aspect of this plan is that I do not use a stop loss. As alluded above, I very carefully watch margin requirements, and I zealously protect the King - King Account. In this hypothetical 50k account, 50k is King Account. At some time in the future, I shall raise that amount. For example, let's say the account grows to 60k. I will divide the increase by two and add that to the initial amount. 55k will be my new King.
This is a lot of detail to take in. I will leave off here and flesh out the Dips and Pivots later. You will notice I often post AROI UPDATES throughout the day. By nature, I am not a risk taker. I need constant encouragement to keep going. You will also notice I often post CONTEXT UPDATES throughout the day. I try to stay on top of news events that affect the markets. I also carefully watch the price action, support and resistance, individual candles and candlestick formations.
You may occasionally catch me with a math error. I am not a clerk. My syntax is not always correct. I am not an English teacher nor a typist. But I will do my best.
