Trade Aptitude

Quick Tip: Be Different

“If you set out to be successful at something and you don’t know how to do it, look around at what everybody else is doing, and don’t do that…” Earl Nightingale

This is especially true with trading. If everyone traded the same way there would be no counter parties. We need plenty of different styles and opposing viewpoints for the markets to exist. 

If you’re still struggling it’s a good idea to stop trading live money and start looking at alternative trading styles. Be open minded. I’ve met too many traders over the past 22 years who are fixed on one way to trade because that’s what they bought into. 

Think of your prior investment in trading education as a trade. Some winners, some losers. 

I’ve personally invested a small fortune in trading education. And here’s a surprise, I still do. I invest in myself every month. Some of the strategies, books, and courses are worthless. I consider them small losses. Some are enlightening and have great potential. I consider them winners. Just like trading. 

Getting back to Earl’s quote, what you want to find is a style and strategy that has edge, but not too many people are doing it. You want something proprietary. Granted, with tens of millions of traders out there nothing is truly unique. But nearly so is a good thing. 

In our trading room the team is small. The strategies are ours, developed with hard evidence and statistical relevance. They have edge. They’re not on YouTube. The team gets to choose which they’ll trade and when. We share successes and failures to improve every day. 

Does that sound like something you’d appreciate? Being part of a tight, like-minded group of sharing traders?

Are you tired of getting excited about the “next great strategy” and seeing it flop? Do you truly want the incredible feeling of trading success or are you just giving it a try? 

You can get a first-hand live peek at our strategies being executed with real money. Join us on Thursday December 1st @ 12:30 ET. Click here to register. 

Tuesday’s Best S&P Turning Points Results: Price moved in a relatively narrow range, neither trade idea was triggered. 

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

Short 4033.50 stop 4036.75. Buy 3922.50 stop 3917.75. 

Globex View: Another inside, tight range session. 

The World Sentiment Index: (+100/-100) EASES from +50 to +43 with most major world markets bullish.  Historically price closes LOWER than the open 54% of the time.   

Catalysts: ADP Employment @ 8:15. GDP & International Trade @ 8:30. Chicago PMI @ 9:45. JOLTS & Pending Home Sales @ 10:00. EIA Petroleum Status Report @ 10:30. Powell speaks @ 13:30. 

Trade Fearlessly,

Mike Siewruk 

P.S. This is a real money live trading event. Win or lose you’ll see how our team trades with probabilities. Only 100 spots available. Register here.