Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Neither trade suggestion triggered in a narrow range day. Both levels remain on the chart. 

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

Buy 4569.00 stop 4564.25. Short 4628.50 stop 4632.75. 

The World Sentiment Index: (+100/-100) dumps from +36 to -36 with most major world markets leaning Bearish on low volatility. 

Catalysts: ISM MFG PMI & JOLTS @ 10:00. 

Quick Tip: Think Big

Without goals people drift through life never achieving their true potential. This is not an opinion but documented fact from numerous psychological studies. No goals? Little progress. 

Small and “reasonable” goals are typical for most people if they bother to set goals at all. Yet, they require the same attention as big and “audacious” goals. Really. But there is a difference in the path. The execution. 

You’re reading a trading newsletter so let’s assume you want to achieve the goal of being a consistent, profitable trader. 

Ignore the urge to set a small and “reasonable” goal, like earning $1000 per month from your trading. It’s not enough to keep you trying. You’ll likely quit before you get there because the reward you seek is not compelling enough to you. Why suffer up the learning curve for $1000 per month? 

Set the big audacious goal first. The goal that is far larger than what you would ever expect. Bigger than you believe is even possible, like earning $1 million per year from your trading. Don’t dwell on all the reasons why it’s not possible just put it out there. It’s where you want to be one day. Believe you’ll get there one day. Imagine the lifestyle. 

How do you make the big audacious goal doable? Steps. A golf tournament is won one hole at a time. A skyscraper is built one floor at a time. A degree is earned one class at a time. A successful trader is developed one trade at a time. Review your trades to ensure you’ve followed the rules precisely. Correct your mistakes immediately. 

By believing in the big goal but working toward it one trade at a time you’ll persist through the ups and downs to reach your big goal. This method is proven in every endeavor in life. Own the big vision but take it one trade at a time.  

Tired of trading alone?  Join our team, learn several strategies, and trade live with us daily.  Money back if you’re not blown away! Click here for details. 

Trade Fearlessly,

Mike Siewruk