The Daily Market Forecast
Wednesday’s Results: Bulls win the inflation debate, levels were far apart expecting extreme volatility but that only happened for 15 minutes, melt up after that.
Quick Tip: A New View
If you were a professional athlete, actor, musician, or public speaker you would watch recordings of your performances to improve your skills. Without doing so you might never know what to change.
Someone may tell you what to change, but there is something humbling about reading, watching, or listening to your blunders. It sinks in quicker!
Trading is also considered a performance profession. Just like athletes, your performance changes from day to day. Great traders handle these ups and downs with persistence and resilience gleaned from review.
Start recording your trading sessions. Use a journal if your trading style is not short term. Be detailed in describing the trades including your thoughts, mistakes, and successes.
Day traders can use an app to record the screen action for video playback (practice talking through your live trades for greater detail).
Reading or watching your recordings will be eye-opening. You’ll repeat fewer mistakes and improve your results with ease.
Tired of trading alone? Want more quality setups? Join our team risk-free. Click here for details.
Today’s Best S&P Turning Points (in fast moving markets consider a wider stop and less size):
Sell 4292.50 stop 4297.50.
Buy 4182.50 stop 4178.00
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.