Trade Aptitude

Monday’s Best S&P Turning Points Results: Price traded in a narrow range and didn’t trigger either trade suggestion. Both are valid trades today.  

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

Short 3993.00 stop 3998.75. Buy 3922.50 stop 3917.75. 

Globex View: Narrow and inside yesterday’s range.   

The World Sentiment Index: (+100/-100) JUMPS from -36 to zero in a world of mixed sentiment and low volatility.  Historically direction is a coin toss.  

Catalysts: Nothing significant on the economic calendar. Waiting on a raft of econ tomorrow.   

Quick Tip: Lost your edge? 

Your trade strategies must have “edge,” otherwise you’re gambling and likely losing. The challenge is that edge is not always permanent. You need to be vigilant in your review process and notice when the edge may be fading or gone. 

Our team has been relying on some edge that was validated by thousands of trade setups. This past weekend I updated the edge document to reflect current market conditions and some of those rules needed adjustment.

Strategies and trade plans can evolve with changing market conditions. If you’re seeing degradation in performance, don’t assume it’s time to “sunset” the strategy. Research your results database. You might find, as we did, some minor changes to reflect a changing market that will bring the edge right back. 

Trade Fearlessly,

Mike Siewruk

P.S. If your strategies have proven edge and your results are spotty then you need to change your behavior. Click to learn how.