The Daily Market Forecast... Lesson Day

Today’s Lesson: You can’t win every day.

Last week our strategies had a record week. To be fair, it’s highly unlikely that anyone on the team duplicated that performance. But the “baseline” for the rules followed did have a monster week.

Price moves in waves of impulses and corrections. Your trading account is likely to do the same thing. There is no logical reason to assume this week will be the same as last week. Or, that it will be a losing week giving back some of the gains. We just don’t know.

Your viewpoint every day (week, month) should be positive. There is no benefit in thinking negative. The gravy train ends when it ends. It’s important to maintain the positive outlook BUT understand that a losing streak, which will happen, is not bad. It’s just temporary… assuming your rule set has edge.

For a review of each of those trades watch the video of Saturday’s LookBack (5) session. Click here.

Trade Well,

Mike Siewruk

P.S. Join us every Saturday morning @ 10:00 ET for our weekly LookBack (5) trade review session. Every trade for the week is analyzed. Now open to the public. Meet the team. Ask questions. Register here.