Yesterday’s results: No trades suggested. 

Today’s Best S&P Futures Turning Points: Short 6091.75 stop 6095.25. Buy 6094.50 stop 6091 if price retraces down from above. 

The World Index: (+100/-100) dips from +21 to -7 with sentiment mixed on low volatility. 

Catalysts: Revised Non-Farm Productivity & Unit Labor Costs @ 8:30. 

Quick Tip: Fear No More

Fear paralyzes progress in anything you do. In trading, there are 5 types of fear. Recognizing you’re susceptible to them is the first step to a solution. 

Fear of Missing Out (FOMO) – you can’t tolerate watching a winning trade from the sidelines. This breeds impulsivity. Solution: Have an abundance of trade opportunities using multiple strategies tuned to different market conditions. 

Fear of Loss – you still feel upset about losing money. Solution: Lower your risk and find a strategy you have confidence in by practicing in simulation mode. 

Fear of Being Wrong – you are embarrassed to be wrong and get mad at yourself when you are. Solution: Understand that individual trade results are meaningless. Focus on the long term results. 

Fear of Success – you don’t have a winning self-image and don’t think you deserve success. Solution: Read The New Psycho-Cybernetics by Maltz & Kennedy. No kidding. I read it twice in a row. 

Fear of Uncertainty – you hesitate to decide and always want more information. Solution: Document your results and study the flow of wins and losses to understand uncertainty is never going away.

Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. You can join either or both risk-free.

Trade fearlessly,

Mike Siewruk