Tuesday we won our MLB Play on the Angels -130 2-1. We had a great month in June with a +11.17 Gain.

Today some early games but nothing looks very good to me. I will update if anything develops today.

Early Wedn MLB Weightings( These numbers show the likelihood of there being any value on the team with 5 being the highest. I usually need a 3 to consider playing the game.

921 MIN – T May 1
922 CIN – J Cueto
911 BOS – R Porcello
912 TOR – M Buehrle 1
923 COL – C Bettis 1.5
924 OAK – J Hahn
925 SEA – T Walker 1
926 SD – J Shields
927 PIT – A Burnett 0.5
928 DET – A Simon
913 NYY – N Eovaldi 0.5
914 LAA – M Shoemaker
915 TEX – N Martinez 1
916 BAL – W Chen
901 MIL – K Lohse 0
902 PHI – A Harang 0
903 SF – C Heston 0.5
904 MIA – D Haren
905 WAS – D Fister
906 ATL – M Wisler 1
907 CHC – J Lester 1
908 NYM – B Colon
917 CLE – C Carrasco 0.5
918 TB – A Colome
919 KC – E Volquez 0
920 HOU – V Velasquez 0
929 CHW – J Quintana 2
930 STL – J Lackey
909 LAD – B Anderson
910 ARI – R Ray 1

In the Markets our SSO is +1.67% this morning as I write this. We bought SSO at 65.52 and its now at 65.66 for a small gain so far. The market is still oversold and my plan is to hold onto the trade overnight unless we get another +100 to +200 more points in the dow from here. My other swing trades are working very well.

A comment:

“Hi Rick, About your swing trades, what would the “minimum” size of capital and what would the minimum size per trade would you recommend to be profitable for the amount of risk. Considering a 10$ fee per transaction. With a target of 1.5% per trade.”

First 10.00 a transaction fee is rather high. I pay 2.00 a transaction regardless of the size. You should be able to get it to 5.00. On most of my swing trades I risk 600.00 a trade. So I size my trade accordingly based up the entry and the stop. On my mean reversion trades there is no stop. I exit when the target is hit or when Market conditions are unfavorable on a short term basis. My size per swing trade is usually 25,000 a trade. So 1% is 250.00.

As far as account size there is a lot of flexibility as you do not have to take every trade…also you can size swing trades where maximum loss is 300.00 per trade rather then what I use…600.00. For mean reversion you can reduce the size also.

If you tell me how much you have in your trading account I can give you a better Idea of the trade sizing you should stick to.

Good Luck Today

twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)

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