Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5321.50 stop 5317.50. No short suggestion today. 

Friday’s results: Neither trade triggered. 

The World Index: (+100/-100) soars from -7 to +50 with all major world markets Bullish. 

Catalysts: Fed Speakers: Bostic @ 7:30 & 8:45, Waller & Barr @ 9:00, Jefferson @ 10:30, Mester @14:00. 

Quick Tip: Blackjack 

Much has been said about the similarities between trading and gambling. Much is true. All is not. A fabulous book you should read about this topic is A Man for All Markets by Edward O. Thorp, an accomplished mathematician, author of Beat the Dealer, and acclaimed hedge fund manager. 

When Thorp tested his blackjack card counting system in the real world, financed by two wealthy (and greedy) millionaire businessmen, he uncovered a significant “edge” that you can and should apply to your trading. 

His backers wanted him to bet big right from the start. Thorp opposed this idea. He was logical and methodical. Betting big before having confidence didn’t make sense to him. He started small and slowly worked his way up to the big bets. His backers were annoyed but Thorp insisted. 

The system was a success in the real world. Afterward, Thorp wrote this: “Betting only at a level at which I was emotionally comfortable and not advancing until I was ready, enabled me to play my system with calm and disciplined accuracy. This lesson from the blackjack tables would prove invaluable throughout my investment lifetime as the stakes grew ever larger.” 

As Benjamin Franklin said, “Wise men learn by other’s harms; Fools by their own.” Are you trading in an uncomfortable risk range?

Tired of trading alone? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.   

Trade Fearlessly,

Mike Siewruk

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

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