Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Buying 4145.50 stopped out. 

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

Buy 4131.25 stop 4127.50. Short 4206.50 stop 4212.25.  

The World Sentiment Index: (+100/-100) eases from +50 to +43 with China/HK Bullish and the west mixed.   

Catalysts: Empire State MFG Index @ 8:30. Housing Market Index @ 10:00.  

Quick Tip: Consistency

Every trader wants to have a consistent winning experience. Your consistency is only as good as the edge in your trading plan and your ability to follow the rules with precision. Easier said than done. 

Curtis Faith, the most successful of the Turtle Traders, stresses that consistency comes from having a systematic approach and a thorough understanding of the limitations of that approach. 

What’s he saying? Your systematic approach is your rule-based trade plan that has been proven historically to have an edge. The limitations you need to accept are that you’re unlikely to duplicate the historical results in the future.

Think of it this way: Edge is gray, not black and white. Edge is probability, not certainty. Consider a strategy that has a winning percentage of 50% and an average winner that is 2 times the average loser. Duplicating those results exactly depends on three things; your ability to execute the rules precisely, getting filled on every trade with no slippage, and history repeating itself precisely. Not going to happen. 

Any profit from that strategy should be welcome! That should be your expectation, not expecting the exact results. 

Our team day-trades multiple strategies with edge in a live online environment. Every week we examine the equity curves of each strategy giving us the opportunity to compare our results to the strategy results. Join the team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk