Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: The short idea was filtered out during the 10:00 economic releases but worked well running 15 points. 

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

Buy 5097.00 stop 5092.25. Short 5093.00 stop 5097.75 if price drops below and retraces back to entry. 

The World Index: (+100/-100) drops from +13 to -19 with the major world markets mixed on very low volatility. 

Catalysts: Nothing on the economic calendar. 

Quick Tip: How You Feel

Looking at Friday’s chart you see that the short entry was filled with minimal adverse move and ran for a quick 15 points. Great way to start the trading day!

Except this occurred during an important economic news release. The volatility can be extreme and slippage both on entry and exit can ruin your result. 

Imagine, our team is trading live, waiting for the announcement, filtering out any trades until the price action calms down. Price shoots straight up and reverses right in our volume level. Everyone missed a great result.

If you were on the team, how would you feel? 

Disappointed? Would you feel like throwing out the no-trade filter during economic announcements? 

Angry? Are you struggling financially and missing a winning trade is intolerable? 

Neutral? No worries, there will be more opportunities. 

Optimistic? The strategy proves its edge over and over. This is one more time. 

Every coach in trader psychology I’ve met, heard, or read advises us to journal our thoughts and feelings. Review them. Reframe your thoughts to the positive. Your outlook will change for the better and so will your trading results. 

Tired of trading alone? Join our team. We trade multiple strategies with edge in a live market every day. Click here for details and a special offer. 

Trade Fearlessly,

Mike Siewruk

P.S. Forward this blog to your trading buddies. Share in the wealth!