Bio
Lundy S. Hill
Lundy S. Hill a lifetime veteran of the commodity futures markets. Having grown up in a prominent trading family, he was tutored by some of the best. Predominantly, John Hill; world famous trader, author and speaker. He made his first trade before he could drive a car.
Lundy graduated from Clemson University with a degree in electrical / computer engineering and a business minor. After graduation, opportunity took him to Florida. There, he was a part of every young man's dream: working for the NASA space program. As a computer engineer for Lockheed Corporation, NASA's largest subcontractor, Lundy worked directly on the Space Shuttle program. His division was responsible for the entire electrical power distribution system for the shuttle - a critical function and time at NASA, as this would be the rebuilding of the space program after the Challenger explosion.
After NASA, Mr. Hill started his futures career in earnest by working on the floor of the Chicago Mercantile and Chicago Board of Trade. He became an independent “local” trader in the U.S. Treasury Bond Pit. After three years on the floor, he tired of "elbowing " his way to trading success. He moved off the floor and specialized in computer aided trading. Mr. Hill started Stafford Trading Company, a registered Commodity Trading Advisor. It sells trading systems for diversified markets, Stock indexes and money management methods. His goal is to help the average trader achieve above average profitability. He attempts to accomplish this goal through strict, well-thought out and well-tested trading systems and money management.
Lundy Hill is applying his background as a true "rocket scientist" to the ups (and downs) of the futures markets. The way to make money in daytrading is to first identify high probability trading days. Then ride a big move for all its worth. The system averages about 10 trades per month. The daytrade system tries to capture only the major move of the day via a maximum of 2 trades per day.
System
STC S&P Daytrade
The market moves in waves of 3 to 5 days. It doesn't move in a straight line. The "Price Trend Indicator" identifies overbought and oversold conditions. Overbought markets are candidates to sell short. Oversold markets are long candidates. The first trade entry method is an "opening range breakout". We will buy a certain distance above the open and sell short a certain distance below the open. In overbought conditions, as identified by "PTI", we move the sell entry in tight and the buy entry moves farther out. Making it easier to sell an overbought market. The opposite applies to oversold markets.
The major trend of the day can sometimes change direction. This is most likely to happen at the highs and lows of the last three or four days, or after gap openings. These are sometimes labeled "key reversal days". This is happening more and more in recent years as the volatility of the market has increased. Our "Superior Clear-Out Reversal Enhancement" entry tries to identify these reversals and get in the trade as the new move begins. Finally, the risk of trading changes everyday. So should your stop losses. Our system uses "Dynamic Risk Exposure Stops". They will change everyday as the risk of trading changes.
The February 2007 issue of Futures Magazine displayed the Top 10 Trading Systems, which were research by George Pruitt of Futures Truth. PFG cannot verify the performance of the programs listed. The risk of loss in trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or trade.