04/23/07 We bought at the bottom of the new move up and sold at the top, just before price took a tumble - in choppy day time trading.  This was a perfect execution of the channel play - to the tick!  This was good for 7% increase in approx. 18 minutes, or $140 per contract.

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*Percentage gain is figured on a day trading $2,000 margin requirement.  However, many brokers will give margins of $1,000 or even $500 on an ER2 contract.  Therefore percent gains would be much more dramatic. Dr. Daves has chosen to use the higher margin figure as his example.

Risk Disclosure: The risk of loss in trading commodity futures, options or other margined financial instruments can be substantial.  Before trading, you should carefully consider your financial position to determine if futures trading is appropriate for you. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital.  Past performance is not necessarily indicative of future results.  All information contained herein is considered as “educational only” in nature, and is in no way determined to be an offer to buy or sell, nor is it an attempt to solicit any type of trading, trading instruments, trading styles or trading systems.  Dr. Daniel Daves and Basics For Success are not licensed brokers or financial advisors.  Also, trades shown in these examples may or may not have been personally entered by Dr. Daves.  As a mentor, he points out multiple trades for multiple instruments, and does benefit from many of them. However, posting these trades is not a statement that Dr. Daves or Basics For Success is currently, or were previously in these positions.  The system that Dr. Daves educates students in, will point out trades such as these - over and over again in all markets and all time frames, whether or not you actually take the trade or not.  If you access and use this educational information, you accept and agree to this full Disclaimer before using this educational information. Changes may be made to the Disclaimer at any time without notice.   The information contained herein is not to be construed as an offer to sell or the solicitation of an offer to buy any commodities described herein.   Persons acting on any information contained in this educational project are responsible for their own actions.