Trade Aptitude

Today’s Best S&P Futures Turning Points: Nothing tradeable today.  

Tuesday’s results: This strategy is on hold... but is improving and likely out of the drawdown soon.

The World Index: (+100/-100) is stable at +21 in a mildly Bullish, low volatility world. 

Catalysts: Powell @ 10:00. Crude Oil Inventories @ 10:30. 10-y Bond Auction @ 13:00. Fed’s Bowman & Goolsbee @ 14:30. 

Quick Tip: Persistence

Every successful person in trading and in life has gone through barriers and setbacks to achieve their success. Every failure was viewed as a learning experience. 

In trading everyone deals with losing streaks, drawdowns, unfilled winning trades, slippage, internet outages, criticism from family and friends, and more. 

Consider: 

“I have not failed. I have just found 10,000 ways that won’t work.” Thomas Edison

“I have failed again and again throughout my life. That’s why I’ve been successful.” Michael Jordan

"Success is stumbling from failure to failure with no loss of enthusiasm." - Winston Churchill

Having taught over 4000 traders in the past 16 years the #1 reason for quitting was poor risk management. The #2 reason was an unwillingness to persist. They just wanted success to be quick and easy. 

Be realistic, manage your risk tightly, and never stop trying. Clearly, persistence wins.

If you’re trading stocks and/or options, you should watch this training session I recorded recently. I demonstrated these two leading indicators of stock price movement that are unique enough to get you a solid edge. Get instant access here: Stock/Options swing traders.

Trade Fearlessly,

Mike Siewruk

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