The Daily Market Forecast... Change it up

Wednesday’s Blog Results: Neither suggested entry triggered.

Quick Tip: Change is good.

Today’s Lesson: Keep an open mind.

Pandemic. War. Earthquake. I guess it’s over. Bad news comes in three’s right? I thought about an article I read a while back. Five Wall Street traders were commenting on how to deal with disruption in the markets. There were plenty of differences between them including chosen asset class, style, strategy, all the typical things.

There was one huge commonality, though. They all stressed keeping an open mind. Be willing to change. Markets change. Technologies change. Laws change.

Change is not always easy, though. We can get into a comfort zone and not want to leave. But we must if we’re going to grow our trading skills.

Here’s an example of why it’s so important. About 2 years ago, I launched The Daily Market Forecast. We started trading the S&P futures using one strategy with a fixed rule set.

We’re fortunate to have many very skilled traders in our room. Everyone is encouraged to share ideas, successes, failures, anything that might help us improve. We call it Team Trading.

Because of that collective “open mind” and “willingness to change” we’re now trading multiple proven strategies across several assets and timeframes. We’ve developed and distributed numerous customized technical indicators to make our trading safer and easier.

That’s huge change! Looking back on our recorded sessions then and now you wouldn’t think it was the same trading room. Personally, I can’t wait to see all the advancements a year from now! Embrace change!

Today’s Best S&P Futures Turning Points:

Short Level: Sell 4375.50 stop 4381.25 (consider wider stop 4384.25, less size).

Long Level: Buy 4308.75 stop 4303.00 (consider wider stop 4298.75, less size).

Trade well,

Mike Siewruk

P.S. Tired of trading alone? Need more quality setups? Join our team of great traders and accelerate your performance. Copy down this coupon code WINTER2022 and save 100 per month for life on your membership. Click here for FREE video training and details.