The Daily Market Forecast... journal more

Wednesday’s Blog Results: Neither of the suggested levels triggered.

Quick Tip: Journal more.  

Review is an important process to improve your performance (at anything). In trading the dedicated few who review every day start with their charts. The really dedicated trader will keep and review a “thought journal.”

How did you feel that day? What was going through you mind when you were entering trades, exiting trades, winning, losing, making mistakes, being perfect? The list goes on.

Here’s an example, albeit highly personal and not intended as advice, about trading during extreme adversity. You know, like the day after Russia invades Ukraine? War. I thought that kind of thing was over. We grew up. Got educated. Found wisdom. I guess not all of us. ☹

Excuse the digression. In my thought journal I notice that during extreme market moves I get loose with my rules. Feels like greed, thrill, and fear all at once. Knowing this and reviewing these sessions this morning will likely save me money today and maybe make me some. Keep a thought journal and review it along with your charts. No downside to that.

Today’s Best S&P Futures Turning Points (tough environment to pick reversals but the volume profile suggests…)

Short Level: Sell 4222.00 stop 4227.75.   

Long Level: Buy 4072.50 stop 4067.25

Trade well,

Mike Siewruk

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