7 Good Reasons by Trade Aptitude

Yesterday’s results: Neither trade idea triggered in a narrow range day. 

Today’s Best S&P Futures Turning Points: Buy 5847.75 stop 5842.25. Short 5891.00 stop 5896.75.

The World Index: (+100/-100) dips from +36 to +21 with most major world markets mildly Bullish on a low volatility.

Catalysts: Goods Trade Balance @ 8:30. Home Price Index @ 9:00. Consumer Confidence & JOLTS @ 10:00. 

Quick Tip: 7 Good Reasons

If you read this blog daily you know that our team trades live daily in a multi-strat environment. Trading multiple strategies simultaneously is not for everyone. In fact, few of our team trade all the strategies. 

So why learn and monitor them? 

1. Diversity. Markets change character. They’re either trending or not, volatile, or not. No single strategy works well in all those conditions. Having the choice to deploy the most appropriate strategy gives you flexibility and edge. 

2. Abundance. If you find yourself breaking your rules to get in the action, you’ll benefit from the abundance of setups multi-strat provides. You won’t have FOMO. You know that there will be plenty of opportunities so you can choose the best probability trades. 

3. Activity. If you’re comfortable with fast action and quick decisions you’ll enjoy the experience more than focusing on one strategy and getting bored with the waiting time. 

4. Learning. You’ll need to study and practice different rules. This doesn’t mean you must trade them all, but it’s extremely helpful to know how other traders, your opponents in the competition, are viewing the same price action. 

5. Entry clues. It’s not uncommon for two different strategies to be setting up trades in the same direction. This confluence is good. 

6. Exit clues. It’s also not uncommon for one strategy to signal a buy while you’re short a different strategy (and vice versa). These can be excellent profit targets. 

7. Experimentation. In his book Enhancing Trader Performance, Dr. Brett Steenbarger implores new traders to learn, practice, and experience many different styles of trading before deciding which to adopt. Your trading style must resonate with your personality. 

Imagine the confidence and consistency you would have trading with true abundance. Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. Maybe you'll fit right in. You can try either or both risk-free.

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!