Post-Market Recap for The Futures Playbook - 27 Nov 2024
Here's the performance review for the day trader who applied the pre-bell strategy to multiple futures contracts:
1. S&P 500 Futures (ES)
Entry Reached: Yes (at VWAP: 6005.03).
Stop Loss Hit: Yes (6034 was breached).
Target Hit: Yes (6036.75 was reached).
Outcome: Both stop loss and target were hit, indicating high volatility. Proper execution would have required swift action to manage the trade.
2. Nasdaq Futures (NQ)
Entry Reached: Yes (at VWAP: 20893.19).
Stop Loss Hit: Yes (20947 was breached).
Target Hit: No (20957 not reached).
Outcome: A challenging trade as the stop loss was triggered before the target could be achieved.
3. Dow Jones Futures (YM)
Entry Reached: Yes (at VWAP: 44597.69).
Stop Loss Hit: Yes (45010 was breached).
Target Hit: Yes (45025 was reached).
Outcome: Despite the stop loss being triggered, the target was eventually hit. Managing stops dynamically might have improved results.
4. Russell 2000 Futures (RTY)
Entry Reached: Yes (at VWAP: 2435.11).
Stop Loss Hit: Yes (2450 was breached).
Target Hit: Yes (2452.93 was reached).
Outcome: Similar to YM, high volatility required careful management of the stop loss and targets.
5. Gold Futures (GC)
Entry Reached: No (VWAP: 2669.42 not reached).
Stop Loss Hit: No.
Target Hit: No.
Outcome: No trade was initiated as the entry criteria were not met.
6. Crude Oil Futures (CL)
Entry Reached: No (VWAP: 70.23 not reached).
Stop Loss Hit: No.
Target Hit: No.
Outcome: Crude oil showed limited movement, and no trade was triggered.
7. 10-Year Treasury Note Futures (ZN)
Entry Reached: Yes (at VWAP: 109.61).
Stop Loss Hit: No.
Target Hit: Yes (109.62 was reached).
Outcome: A clean trade with no stop loss breach and a successful target hit.
8. 30-Year Treasury Bond Futures (ZB)
Entry Reached: Yes (at VWAP: 116.38).
Stop Loss Hit: No.
Target Hit: Yes (116.41 was reached).
Outcome: A well-executed trade with the target achieved without hitting the stop loss.
Summary of Results
Contracts with Both Stop Loss and Target Hit: ES, YM, RTY
Contracts with Successful Trades: ZN, ZB
No Trades Triggered: GC, CL
Key Takeaways
Volatility Management: High volatility in contracts like ES, YM, and RTY necessitated dynamic stop-loss management.
Missed Opportunities: Crude oil and gold futures had limited movement, emphasizing the importance of market selection.
Clean Trades: Treasury futures (ZN and ZB) offered stable opportunities with minimal risk.
Traders should reflect on these outcomes to refine risk management and execution strategies for future trading days. ​​
