The Daily Market Forecast... abundance
Wednesday’s Blog Results: The suggested short level @ 4575.00 ran for 16.75 points with only 1 tick of adverse move. Don’t you feel more confident when you’re on a winning streak? (Careful…)
Today’s Lesson: Abundance.
Success starts with your orientation toward life. In Larry Wilson’s book, Play to Win: Choosing Growth Over Fear in Work and Life, he reveals the two orientations that you must choose between.
- Play to win.
- Playing not to lose.
What’s the difference?
People who have a positive attitude packed with a view of abundant opportunities willing to overcome challenges, grow and risk for gain are “Playing to Win.”
Conversely, people who need to remain in their comfort zone, looking for the “easy way,” have a skeptical, negative attitude and don’t see opportunities clearly are “Playing Not to Lose.”
Successful traders Play to Win. One key component of their formula is the mindset of abundance. If you don’t believe great trades are coming your way all the time then you’ll fall into the typical Play Not to Lose mentality of scarcity and take trades you shouldn’t.
This blog is on a solid winning streak so you might be feeling more confident. Know that losers will come and that should never change your “abundance mentality.” Our team trades four strategies to keep that abundance real. You should too.
Today’s Best S&P Futures Turning Points:
Short Level: Sell 4616.50 stop 4622.00.
Long Level: Buy 4552.00 stop 4547.25.
Trade well,
Mike Siewruk
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