Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5321.50 stop 5317.50. Short 5318.25 stop 5322.25 if price drops below and retraces up to entry. 

Tuesday’s results: No trade triggered.  

The World Index: (+100/-100) rises from -57 to -37 with all major world markets modestly Bearish except Shanghai. 

Catalysts: Fed’s Goolsbee @ 9:40. Existing Home Sales @ 10:00. Crude Oil Inventories @ 10:30. FOMC minutes release @ 14:00. NVDA earnings @ 16:20. 

Quick Tip: Bank It

How traders approach their craft is very individual. Three traders using the same strategy may have different beliefs that vary their results, yet they follow the same entry and exit rules. 

Imagine your strategy caught a buy early in the day that ran for 30 S&P points.  That’s a big win for a day trader. Would you bank your day or keep trading? This decision has nothing to do with the strategy rules. It’s personal money and time management. 

One trader banks the day and decides to research other strategies. 

Another trader works the entire day, taking all setups giving back half the gain. 

Another trader banks the day, turns to simulated mode and trades the remaining day for practice. 

This type of decision and others like it are part of their trading plans. Their individual approaches to the same winning strategy significantly affect their performance and progress as traders. Whichever you choose documenting and reviewing all the setups will give you the insight to improve your decisions.   

Tired of trading alone? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.   

Trade Fearlessly,

Mike Siewruk

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