Trade Aptitude

Today’s Best S&P Futures Turning Points: This strategy remains on hold but is rapidly improving. Stay tuned. 

The World Index: (+100/-100) rises from +14 to +21 with sentiment mildly Bullish and volatility lower.

Catalysts: Retail Sales, Jobless Claims, Empire State MFG Index, Philly Fed MFG Index, & Import/Export prices @ 8:30. Fed’s Musalem @ 9:10. Industrial Production @ 9:15. Business Inventories & Housing Market Index @ 10:00. Fed’s Harker @ 13:10. 

Quick Tip: This is a Business

If you treat your trading like a hobby or pastime you’ll lose money. If you treat it like a business, you have a much better chance for success. 

The expense side of trading is simple to analyze. You have losses, commissions, data fees, internet access, accounting, etc. 

The revenue side of trading is simple as well: your winning trades. But that’s only one revenue stream if you’re trading one strategy. 

How many successful businesses do you know of that have one product? One revenue stream? 

Diversifying your revenue potential in your trading business makes good sense. If you’d do it in your “working” business why wouldn’t you do it in your trading business? 

For example, if you like day trading you could add a swing trading strategy to your trade plan. It wouldn’t steal much time from your primary revenue stream. You could create a dividend producing portfolio. That requires even less time. There are many combinations. 

Other than receiving more revenue you’ll likely flatten the losing streaks and make your income more consistent. Invest some time exploring how to diversify your trading revenue. No downside to that. 

Our teams trade multiple strategies with edge.  We have skilled teams day-trading futures and swing trading options. Choose one and learn more!

Trade Fearlessly,

Mike Siewruk

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