The Daily Market Forecast... The Calm Routine

Tuesday’s Results: Neither suggested trade triggered. 

Quick Tip: The Calm Routine

Even if you don’t golf you’ve probably heard that it’s a mental game. Most athletics are. Trading is too. Dr. Richard Coop, author of the book “Mind Over Golf” advises players to have their own personal “pre-shot routine.” Let’s use his advice but change the details to improve our trading. 

1. If you’re approaching a trade entry with a negative feeling, pause and use some physical ritual to regain calm control and reset your concentration. The ritual may be standing up and stretching or closing your eyes and counting backward from 10 to 1. It can be whatever you want. 

2. To avoid the negative feelings going forward, develop your own pre-trade routine. This keeps stray thoughts that can be detrimental from entering your mind while trading. 

3. The trick is to develop this pre-trade routine that calms and relaxes, not heightens anxiety. It’s proven in clinical studies that when you’re calm and relaxed you can’t activate negative thoughts or behavior. 

Just like great athletes, great traders have a consistent routine and poor traders don’t. 

Today’s Best S&P Turning Points (in fast moving markets consider a wider stop and less size): 

Sell 3853.50 stop 3858.25 

Buy 3772.50 stop 3768.50. 

Trade Fearlessly,

Mike Siewruk 

P.S. For a great demo on how effective Multi-Strat trading can be watch this video (17 minutes).