Trade Aptitude

Results of Wednesday’s Best S&P Futures Turning Points: Neither suggested volume level triggered. 

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

Buy 4059.25 stop 4055. Short 4136.25 stop 4140.00

The World Sentiment Index: (+100/-100) drops from +17 to -7 in a world of mixed sentiment and low volatility.  

Catalysts: Int’l Trade, Jobless Claims, Productivity and Costs @ 8:30. Banking collapse fears intensify with PacWest plunge. 

Quick Tip: Control

Imagine starting in trading without any historical information. No price charts. No patterns to study. No “tapes” to read. No economic information. No annual reports. What would you use to determine if it was time to buy or sell? 

Thankfully, we needn’t dwell on that question at all. We have incredible historical information available that we can research for potential edge in our trading. The fact is that historical information is not a perfect predictor of the future. We can’t control the market. 

The future we can control is our behavior. The result of every new day, every new trade is mostly controlled by how we behave. Were we disciplined following our rules? Were we emotional about wins and losses? Were we prepared? Were we curious about improvements? 

While we depend on past trading to give us an edge, that edge is only as good as how we act in present time. Focus on yourself. Read good books like Dr. Woody Johnson’s Secrets of the Peak Performance Trader, and others about trader psychology. Learn and practice the tools provided. Spend more time on controlling what you can… your behavior. 

Our team day-trades multiple strategies with edge. Humans are tribal. We perform better together than alone. 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

P.S. Here's a gift: Dr. Woody's course, Secrets of the Peak Performance Trader, regularly $495, is available this week only at HALF PRICE. Click here for details. Use coupon code DRWOODY.