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 4769.00 stop 4765.25. Short 4800.50 stop 4805.50 (Buy the breakout if this short fails). 

The World Index: (+100/-100) reverses from +29 to -21 with most major world markets mildly Bearish. S&P futures are not. 

Catalysts: NAHB Housing Market Index @ 10:00. 

Quick Tip: Consistency

Here’s an important quote from Dr. Brett Steenbarger, author of many books on trader psychology and an accomplished S&P futures day trader:

“You are most likely to become consistent IN your trading if you are consistent in working ON your trading.” 

How? Preparation and review. Sports teams do this. Prepare for the opponent, play the game, watch the video reviews. 

Are you preparing enough for your trading session? Are you assessing current market conditions and adjusting your expectations to what is probable? 

Steenbarger focuses on volume, percentage moves, and the VIX to prepare his day. There are other metrics we’ve found helpful such as Globex range. 

Do you document all your trades results and your emotional temperature? 

Steenbarger suggests a daily report card as a solid tool for comparing your strategy performance with your own behavior. 

By creating and improving your preparation and review you’ll get the consistency you want. Get started!

Our team day-trades multiple strategies with edge in a live online environment. We review the prior day’s strategy performances and analyze their equity curves for consistency and ultimately our confidence.

Join the team, learn our strategies, and trade live with us daily for 30 days. New lower rate available now. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Forward this blog to your trading buddies. Share in the wealth!