Trade Aptitude

Today’s Best S&P Futures Turning Points: This strategy remains on hold.

The World Index: (+100/-100) eases from +21 to +7 with sentiment mixed and volatility lower.

Catalysts: PPI @ 8:30. Fed’s Bostic @ 13:15. Waiting on CPI tomorrow.  

Quick Tip: After You Exit

Hall of Fame baseball legend Ted Williams would have been an outstanding trader. When asked about his success he explained a method that all great traders use. 

He documented the details of every at-bat. 

Specifically, he separated the plate into different zones and calculated his batting average for each zone. Swinging at low pitches was not so productive. Swinging at high pitches directly over the plate was very productive!

Traders have far more details they can document than a few zones over the plate. Some data is obvious like time of day, volatility, trend, asset, etc. 

To truly excel documenting details about yourself will set you apart. Were you focused, rested, energetic, optimistic and confident? Or were you distracted, tired, doubtful, and fearful? 

Get busy and improve your “batting” average. 

Not comfortable with your strategy yet? We have teams day-trading futures and swing trading options. Choose one and learn more. 

Trade Fearlessly,

Mike Siewruk

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