The POV system experienced its first losing day. There were 33 contracts auto-traded in Pacific Trading Academy’s POV*account at Striker. They sustained a loss of -$5,185.00 net of a $20 per contract transaction charge. Cumulative net profit for the month of February equals $10,377.50.
“Mentor” Mike Bridges’ calls his system for day trading the S&P Emini futures, “POV*” – standing for Price, Oscillator and Volume. The goal of POV is to earn $1,000+ per day trading 9 ES contracts. This requires a daily net profit per contract of $112.50. Today’s results = -$157.12 per contract. So after seven consecutive winning days, today we gave back 140% of our daily goal.
Today’s Chart
Here are today’s screen capture(s). Please click on a chart to make it larger.
