Trade Aptitude

Yesterday’s results: Shorting 5797.75 only offered a 4.75-point scalp. Buying the breakout occurred at the close and was passed. 

Today’s Best S&P Futures Turning Points: Buy 5768.00 stop 5764.50. Short 5765.25 stop 5768.75 if price retraces from below. 

The World Index: (+100/-100) jumps from -36 to zero with sentiment mixed, China/HK imploding, other major markets mildly Bullish. 

Catalysts: Crude Oil Inventories @ 10:30. 10-Year Bond Auction @ 13:00. FOMC Minutes @ 14:00. Fed Speakers, Bostic @ 8:00, Logan @ 9:15, Goolsbee @ 10:30, Jefferson @ 12:30, Collins @ 17:00, Daly @ 18:00. 

Quick Tip: Trading Athletics

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

Athletes do. They perfect a motion, play, or strategy and then add another. They continuously expand their playbook. Teams do too.  

I had the privilege of teaching trading to a retired pro football player. 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?

Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. Maybe you'll fit right in. You can try either or both risk-free. 

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!