Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5616.25 stop 5611.75. Short 5688.25 stop 5693.50. 

The World Index: (+100/-100) plummets from +64 to -21 with most major world markets mildly Bearish. 

Catalysts: S&P MFG PMI Final @ 9:45. ISM MFG PMI & Construction Spending @ 10:00 

Quick Tip: Drawdowns End

Are you plotting your strategy’s equity curve? If not, get started. It’s a modest amount of record keeping, and it will give you confidence and warn you to drawdowns and restarts. 

It’s important that the equity curve represents all trades your strategy teed up, not just the ones you took. Knowing the difference between your results (behavior) and what you should have done is critical to improving your results. 

The primary purpose of the equity curve is to view strategy results for continuing or halting trading. Our Volume Profile strategy went into a drawdown (losing streak) a while back, so it was halted. The recent performance gives us the confidence to restart now. 

Suggestion: Keep track of the suggested turning points daily and if they aren’t touched during the day session, you can trade them in the Globex session. The levels stay on the chart until touched during the day session. 

Our trading teams focus on day trading futures and swing trading options. Maybe you'll fit right in. You can try either or both risk-free. 

Trade Fearlessly,

Mike Siewruk

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