Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Buying 4539.50 stopped out. The breakout short ran for 37 points to the session close. 

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

Buy 4467.00 stop 4463.00. Short 4543.75 stop 4548.25.

The World Index: (+100/-100) dumps from +50 to -14 in a world of mixed sentiment.  

Catalysts: Nothing on the economic calendar. Waiting on FOMC. 

Quick Tip: Confronting Reality

How is your trading going? That’s a question you should be asking yourself on a regular basis. Think hard, be critical, answer honestly. And don’t worry about talking to yourself, we all learned that’s OK during Covid lockdown. :-)

What you’ll find when you question your results critically are some trailheads for improvement. It might be as subtle as the quality of your record keeping or the consistency of your pre-trading routine. 

Or it could be as important as the quality of your strategies. Are they firing on all cylinders? Are you in a drawdown, or close to one? 

Regardless, the only way to improve is to know what to change. And then act. Procrastinating or hoping for conditions to “return to normal” are not proactive enough. Delaying the changes will cost you. 

Our team day-trades multiple strategies tuned for varying market conditions. Join our team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away! Click here for details. 

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.