1:45pm CDT - Same as Friday with crude losing and beans gaining. The early crude trade long was stopped out by just 3cents before going in the intended direction by more than $2.30. I hate when that happens. I upped size slightly on ZS by adding ZS trades to my IRA account so it was nice to have a winner there.
Net breakdown (contracts traded):
ZS $1094(6), GCL -$938(4)
| RESULTS FOR DAY |
|---|
| Contracts: | 10
|
| Net $P/L: | 156 |
| Wins: | 1
|
| Losses: | 1
|
| Win%: | 50 |
| Avg$Win: | 1094
|
| Avg$Loss: | -938
|
Why the size increase on ZS?
ReplyDeleteBeen wanting to add some trades in the IRA and put some capital there to work.
ReplyDeleteHey MBA,
ReplyDeleteWhen you get a chance could you tell me/us a bit about your IRA account as it relates to futures trading?
I spoke to my broker about it a while back and he gave me paperwork to set up a trust account through Entrust that would then allow me to trade it through my futures broker.
Is yours set up through a trust account?
Thanks,
-AT
My IRA is setup through Millenium Trust. I think I pay a $75/qtr. fee - not sure how that compares to Entrust? Once it is setup, you trade it just like an individual account. Only difference is the name on the acct is "Millenium Trust #xxxx FBO your name".
ReplyDeleteMillenium is the other trust that my broker mentioned. Looks like the Entrust fees are about the same.
ReplyDeleteThanks for the info and the link.
-AT