Trade Aptitude

Yesterday’s results: No trade triggered. 

Today’s Best S&P Futures Turning Points: Buy 5745.00 stop 5740.00. Short 5797.75 stop 5801.25

The World Index: (+100/-100) eases from +42 to +33 with most major world markets Bullish but the S&P futures are not participating. China reopens tonight.

Catalysts: Fed’s Bowman @ 13:00, Kashkari @ 13:50. Consumer Credit @ 15:00. 

Quick Tip: Keep On

Every successful person in trading and in life has gone through barriers and setbacks to achieve their success. 

In trading everyone deals with losing streaks, drawdowns, unfilled winning trades, slippage, internet outages, criticism from family and friends, and more. 

While there are many changes you can make to improve your trade plan and behavior there is one underlying quality you must have. Persistence. 

“I have not failed. I have just found 10,000 ways that won’t work.” Thomas Edison

“I have failed again and again throughout my life. That’s why I’ve been successful.” Michael Jordan

"Success is stumbling from failure to failure with no loss of enthusiasm." - Winston Churchill

Clearly, persistence wins. But if you think about it, persistence needs to be a habit. Being persistent from time to time is helpful, but not ideal. 

In his fantastic book Atomic Habits, James Clear said “You do not rise to the level of your goals. You fall to the level of your systems.” If you want to be truly successful, develop your system for making persistence a habit. Clear's book will guide you. 

Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. Maybe you'll fit right in. You can try either or both risk-free. 

Trade Fearlessly,

Mike Siewruk

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