Trade Aptitude

Today’s Best S&P Futures Turning Points: Nothing tradeable today.  

Friday’s results: This strategy is on hold. 

The World Index: (+100/-100) dips from -36 to -43 with most major world markets Bearish. 

Catalysts: Nothing obvious today, waiting on FOMC Wednesday. 

Quick Tip: Entries are Exits?

Exiting your trades is when all the money is made or lost. The loss is a simple decision, where your stop order rests. The profit decision is trickier. 

Imagine you’re long and price is behaving well, moving up firmly. The only certainty you have is that it won’t go up forever. There will be stalls, corrections, bases, and reversals within the move. 

When do you take profit? 

Some traders make this an arbitrary decision. A dollar amount. But that may not be optimal. 

Other traders will use a trailing stop. If you do, make sure you’re adjusting the stop distance for current volatility. And recognize that you will always give up a good chunk of open profit. 

Experienced traders look for price clues where price is likely to reverse. Chart patterns, extended range candles/bars, technical indicators (maybe Bollinger Band penetration), and opposing signals (entries for other strategies). 

Our team trades multiple strategies. Each is tuned for certain market conditions; trending, range bound, high and low volatility. When a strategy with an edge signals a contrary entry to your direction, that’s a great exit to consider.

Nothing works all the time, but the evidence we’ve collected from thousands of trades confirms this method has an edge.

Tired of trading alone? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.   

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!