Trade Aptitude

Results of Thursday’s Best S&P Futures Turning Points: Neither suggested trade level triggered and remain on the chart. 

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

Buy 4499.00 stop 4495.50. Short 4598.50 stop 4604.25.

The World Index: (+100/-100) improves from -7 to +29 with most major world markets mildly Bullish. 

Catalysts: Non-Farm Payrolls @ 8:30. Final MFG PMI @ 9:45. ISM MFG PMI & Construction Spending @ 10:00. China boosts economic stimulus.

Quick Tip: Choices are Good

How do you feel when you have no choice? It’s probably a rare situation. Most situations offer you choice. Long or short. More or less. Exit or stay. You almost always have a choice. I’ll bet if you think back to when you had no choice you felt uncomfortable. Maybe even upset!

In trading one choice you always have is whether to take the trade setup or not. But how do you feel when no setups are presented. You have no choice but not to trade. And that’s if you’re disciplined. Plenty of traders will get impulsive or inventive and take a trade outside their plan. Usually a bad idea. 

The best solution for this problem is to have multiple strategies to trade. You won’t take all the trades from all the strategies. You are simply positioning yourself for a choice. Abundance beats scarcity all the time.

Our team day-trades multiple strategies tuned for varying market conditions.  Join our team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk