Trade Aptitude
Results of Friday’s Best S&P Turning Points: Neither trade suggestion triggered during a narrow range day. They remain active.
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets):
Buy 4029.75 stop 4024.25. Short 4157.00 stop 4161.75.
The World Sentiment Index: (+100/-100) JUMPS from -57 to +21 in a world of mixed sentiment and low volatility. Historically it’s a coin toss which way price closes.
Catalysts: Nothing on the economic calendar, waiting on CPI tomorrow.
Quick Tip: Adapting
Markets change character. They trend until they don’t. Volatility cycles. This means you must adapt your rules to these changes.
But how? By re-framing your thinking about trade outcomes. Instead of allowing losers to give you negative feelings and winners to give you positive feelings, re-frame both outcomes into learning events.
“What could I learn from this trade?” Be curious. You’ll find trail heads to research and while not every idea or lesson will become a new rule, many will.
The other benefit should be obvious. Focusing on learning from your trades keeps the emotional reactions at bay.
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Trade Fearlessly,
Mike Siewruk