Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Neither trade triggered. 

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

Buy 4388.75 stop 4383.00. Short 4457.50 stop 4462.25. 

The World Sentiment Index: (+100/-100) eases from +64 to +36 with most major world markets Bullish. 

Catalysts: MFG & Services PMI Flash @ 9:45. New Home Sales @ 10:00. Nvidia earnings will be the pivot (trend trade the Globex tonight?).

Quick Tip: History of Trend

You know it all when you don't. My sons reminded me of that. As they approached their teens I noticed they were all smarter than me. Or so they thought.

This made me recall how I was as a teen. Yup. Dad was wrong and I was right. In my infinite "wisdom" back then I decided history was a waste of time. I barely passed those classes.

A couple of decades later I became regretful. History is vitally important. It's a fabulous and free learning experience from the best mentors you could find. 

I read a White Paper the other day on the history of Trend Following (in trading). In only 15 pages of "study" I know infinitely more about how trading has evolved over the past few… centuries!

Why should you read this white paper? Because you will learn how the best traders in history made their fortunes and shaped the industry for us today. Will that give you some edge? 

As I mentioned, the subject is Trend Following. You can and should apply these priceless lessons to your own style and strategies. Click here for access. 

Trade Fearlessly,

Mike Siewruk