Trade Aptitude

Wednesday’s Best S&P Turning Points Results: The buy suggestion @ 3792.25, a repeat from the prior day after missing fill by 2 ticks, ran for 24.75 points. 

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

Short 3833.25 stop 3837.75. Buy 3674.00 stop 3668.25.

The World Sentiment Index: (+100/-100) RISES from -57 to -29 in a world of mixed sentiment. Historically prices closes higher than the open 56% of the time. 

Catalysts: CPI & Jobless Claims @ 8:30. After that, election results and Crypto problems. 

Quick Tip: Coming Back

Baseball great Harmon Killebrew said, “The most important athletic ability is the talent to comeback from behind.” True in sports, true in business, very true in trading. 

The great come-back athletes were different than their peers. They knew there would be setbacks. They thought in advance how to handle them. They didn’t get emotional. They snapped to attention and worked their plan. 

What’s your comeback plan? How are you going to react during the next losing streak?

Here’s what works for me: a vigorous walk not thinking at all about trading. This simple action is like an eraser in my head. I come back in 45 minutes motivated and disciplined.

Everyone is different so develop and practice your own plan. 

Trade Fearlessly,

Mike Siewruk

P.S. If your strategies have proven edge and your results are spotty then you need to change your behavior. Click to learn how.