Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Shorting 4357.50 caught the top of the session and ran for 15 points to the close. 

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

Buy 4228.50 stop 4223.25. Short 4378.50 stop 4383.25.

The World Index: (+100/-100) plummets from +42 to -21 in a world of mixed sentiment and low volatility. 

Catalysts: Fed speakers @ 9:00, 9:15 & 13:30. IMF Meeting. Israeli war. Oil jumps. Earnings concerns.

Quick Tip: Trading Athletics

Once you’re proficient in trading a strategy it’s time to add another to your plan. 

Athletes do. There is no successful sports team or individual athlete who is a one-trick pony. Their game plan changes with the opponent. 

I had the privilege of teaching a retired pro football player trading. He was having a hard time understanding why we were putting so much effort into the trade plan. He wanted to make it simpler. He wanted a few rules that got him the wins.

The fix was easy. I asked him: “How many plays were in your team’s playbook?” “How often did your quarterback call an audible and change the play?” 

Obviously, he got the point. Market conditions change constantly and knowing one way to trade usually limits you to one market condition. 

Markets trend or not. They’re volatile or not. Having multiple strategies to pick from gives you an edge. 

Are you ready to improve your playbook?   Join our team. You can learn multiple strategies and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.