Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Shorting 4443.50 picked the top of the session and ran for 19.50 points. 

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

Buy 4412.50 stop 4407.50. Short 4482.75 stop 4486.50.

The World Sentiment Index: (+100/-100) rises from +21 to +29 in a world of mild Bullish sentiment and low volatility.  

Catalysts: Nothing on the economic calendar. Fed speakers yesterday confirming more rate hikes. 

Quick Tip: Entries are Exits.

Exiting your trades is when all the money is made or lost. The loss is a simple decision, where your stop order rests. The profit decision is trickier. 

Imagine you’re long and price is behaving well, moving up firmly. The only certainty you have is that it won’t go up forever. There will be stalls, corrections, bases, and reversals within the move. 

When do you take profit? 

Some traders make this an arbitrary decision. A dollar amount. But that may not be optimal. 

Other traders will use a trailing stop. If you do, make sure you’re adjusting the stop distance for current volatility. And recognize that you will always give up a good chunk of open profit. 

Experienced traders look for price clues where price is likely to reverse. Chart patterns, extended range candles/bars, technical indicators (maybe Bollinger Band penetration), and opposing signals (entries for other strategies). 

Our team trades multiple strategies. Each is tuned for certain market conditions; trending, range bound, high and low volatility. When a strategy with edge signals a contrary entry to your direction, that’s a great exit to maximize your profit (see chart). 

Nothing works all the time, but the evidence we’ve collected over thousands of trades confirms this method has edge. 

Join the 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