Trade Aptitude

Today’s Best S&P Futures Turning Points: This strategy remains on hold.

The World Index: (+100/-100) jumps from -50 to +43 with most of the world Bullish on falling volatility.  

Catalysts: Nothing on the economic calendar today. 

Quick Tip: Stay Open

If you’re always “right” then you’ll never be open minded enough to change for the better. Being flexible and open-minded to new ideas is a huge advantage in trading. 

I’m not saying you simply agree with every new idea you hear. I’m saying that when you’re presented with an intriguing idea (setup, rule, etc.) you owe it to yourself to investigate the value of it. And if you find improvement, then accept the change. 

I was told the great investor George Soros wrote in his book about a trade he took in the Japanese Yen. It ended up a monster winner. His first entry was short based on his analysis. It failed quickly so he doubled his size and went long. Just like that!

We are all going to be wrong or mistaken at times. The key to success in anything, not just trading, is recognizing and changing to what is working. 

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Trade Fearlessly,

Mike Siewruk

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