{"id":699,"date":"2020-08-02T16:27:57","date_gmt":"2020-08-02T14:27:57","guid":{"rendered":"https:\/\/market-and-us.com\/blog\/?p=699"},"modified":"2020-08-02T16:27:57","modified_gmt":"2020-08-02T14:27:57","slug":"the-less-i-trade-the-more-profits-i-get","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/the-less-i-trade-the-more-profits-i-get-699\/","title":{"rendered":"The less I trade, the more profits I get!"},"content":{"rendered":"\n

Last week I had not much time for trading<\/strong> because of a birthday in my family and one day where health didn’t allow me to be in front of the computer.
But it was a great week of profits: $1000 with futures trading<\/strong>. I recognize more and more: The less I trade, the more profits I get!<\/p>\n\n\n\n

Market Ideas<\/h2>\n\n\n\n
\"\"
ES, daily chart<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

The market moves slowly in the expected direction<\/strong> I marked three weeks before (1<\/a>\/2<\/a>\/3<\/a>).
So, no big news. I do not expect a new all-time-high but if it will happen I am also prepared: I have my long term positions still running and some medium terms including the new positions of the last weeks. But also enough cash for a next crash or at least a nice low.<\/p>\n\n\n\n

I often forgot to increase my amount of cash early enough<\/strong> before the last corrections. So, I hope I did everything right now. \ud83d\ude42<\/p>\n\n\n\n

Portfolio Talk<\/h2>\n\n\n\n
\"\"
BAC, daily chart<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Because I had BAC<\/a><\/strong> on my watch list for some time, the fundamentals are not bad and the near analyst targets are higher, I paid attention on Warren Buffett buying<\/strong> lots of new share packages over the last 10 days (from 7\/20 to 7\/30, 10 packages between $23.51 and $25.24<\/strong>)<\/em>.<\/p>\n\n\n\n

So, I decided to start a first position at $24.18 on 7\/28<\/strong>.<\/p>\n\n\n\n

I will add at the next bigger support levels below or when Buffett will buy again.<\/p>\n\n\n\n

Not difficult to notice: I am trying different approaches for my long term positions. The reason is that I focus more and more on my futures trading and maybe I will reduce my swings, so I need several approaches for growing my capital<\/strong> next to the futures account.<\/p>\n\n\n\n

Futures Experiences<\/h2>\n\n\n\n

Not much time<\/strong> last week but with a performance of +$1000<\/strong> I am really happy about it:<\/p>\n\n\n\n

Last Week:<\/strong>
\u2022 Paper account: +$17.50 (1 perfect move, 4 days not traded; MES)<\/em>
\u2022 Free approach: +$93.30 (3 green days, 2 day not traded; originally traded in ES as +$933)<\/em>
Penultimate Month (June):<\/strong>
\u2022 Paper account: -$150.90
\u2022 Free approach: +$256.20 (+$2562 in ES)
Last Month (July):<\/strong>
\u2022 Paper account: +$82.81
\u2022 Free approach: +$525.70 (+$5257 in ES)
[all amounts after commissions and fees, live account still pausing]<\/em><\/p>\n\n\n\n

That means that I do not have to be in front of the computer all days, all weeks. I need a screen with the 5-minute chart open during the day but I can manage other tasks next to it and as strange as it is: My performance is much better<\/strong> then.
It should be the theme of overthinking and overtrading<\/strong>.<\/p>\n\n\n\n

In July I doubled my profits of June<\/span><\/strong>. And I had a positive balance in TVO, my rule based account. But the two accounts and approaches are flowing more and more together.<\/p>\n\n\n\n

Let’s see what August will bring where I will be on tour with our camper at least some days and trade only for some half hour periods<\/strong>.<\/p>\n\n\n\n

\n\n\n\n

Did you also make experiences with: The less I trade, the more profits I get? Maybe you want to share them in the comments section?<\/p>\n\n\n\n

Happy and healthy week for you!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week I had not much time for trading because of a birthday in my family and one day where health didn’t allow me to be in front of the computer.But it was a great week of profits: $1000 with futures trading. I recognize more and more: The less I trade, the more profits I […]<\/p>\n","protected":false},"author":1,"featured_media":706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[183,141,113,184,185,30,34],"yoast_head":"\nThe less I trade, the more profits I get! - The Market and Us<\/title>\n<meta name=\"description\" content=\"I am prepared for both scenarios: new all-time-highs or big move down. 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