Yesterday’s results: Neither trade idea triggered.
Today’s Best S&P Futures Turning Points: Buy 5988.00 stop 5982.75. Short 6035.00 stop 6038.25.
The World Index: (+100/-100) jumps from zero to +21 with world markets neutral and the US firmly Bullish.
Catalysts: Dallas Fed MFG Index @ 10:30. The market welcomes Bessent as Treasury Secretary.
Quick Tip: Consistency
Here’s an important quote from Dr. Brett Steenbarger, author of many books on trader psychology and an accomplished S&P futures day trader.
“You are most likely to become consistent IN your trading if you are consistent in working ON your trading.”
How? Preparation and review. Sports teams do this. Prepare for the opponent, play the game, watch the game videos
Are you preparing enough for your trading session? Are you assessing current market conditions and adjusting your expectations to what is probable?
Steenbarger focuses on volume, percentage moves, and the VIX to prepare his day. There are other metrics we’ve found helpful such as Globex range.
Do you document all your trades results and your emotional temperature?
Steenbarger suggests a daily report card as a solid tool for comparing your strategy performance with your own behavior.
By creating and improving your preparation and review you’ll get the consistency you want. Get started!
Our team day-trades futures using multiple strategies with edge in a live online environment. We review the prior day’s strategy performances and analyze their equity curves for consistency and ultimately our confidence together.
Join the team, learn our strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!
Trade fearlessly,
Mike Siewruk
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