Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: In a relatively narrow, slow session, neither level triggered. The levels remain on the chart. 

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

Buy 4336.25 stop 4332.50. Short 4433.25 stop 4436.75. 

The World Index: (+100/-100) plummets from +33 to -57 with all major world markets Bearish. 

Catalysts: Fed Speakers @ 7:30, 8:00, 9:15, 10:00, and 13:25. Comments from the Fed’s Kashkari turn slightly hawkish. Today’s lineup of speakers should be closely monitored. 

Quick Tip: Context

You should have a trading strategy (or better yet, several) that is profitable over time. That’s called positive expectation or edge. It doesn’t mean they’re profitable all the time, just over enough time. 

If you are dedicated and document your strategy results by capturing the context of the market at the time of each trade, you will likely find additional edge. Knowing common statistics like wins, losses, and returns isn’t nearly enough. You need to know when the strategy performs well and when it doesn’t. 

Yesterday was a choppy sideways day for the S&P. The range of the session was 25.25 points. Compare that to the Average True Range of 55. Should you expect the same trading results? Should you even trade your strategy under those conditions? 

For example, one of our strategies struggles with narrow range days. Since we don’t know in advance we need filters based on enough historical evidence to alert us when to trade or not. This is how you can avoid many of your big losing days (weeks, months, whatever your timeframe is). 

If you don’t have the time to do the necessary research, Join our team. You can learn multiple strategies tuned for different market conditions and trade live with us for 30 days. New reduced price offer. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.