Trade Aptitude

Today’s Best S&P Futures Turning Points: This strategy remains on hold but is rapidly improving. Stay tuned. 

The World Index: (+100/-100) drops from +36 to +7 with sentiment mixed on falling volatility. 

Catalysts: Fed’s Waller @ 9:15. 

Quick Tip: Waiting 

I grew up in Michigan. A local saying about the weather was “Wait a day, it’ll change.” Now I live in Florida where during the rainy season you can drop your waiting time to an hour!

Markets are very similar. They trend up or down and then move sideways. Back and forth. Patience pays off and impulsivity gets hammered. 

This cyclicality applies to your strategy performance too. You’ll have winning streaks, flat periods, and losing streaks. Given this reality you need rules to manage each condition to prosper, even survive. 

Here’s an example: The volume levels suggested here are one component of an overall strategy that pre-determines stops and targets. Lately the strategy is struggling, and no new levels have been shared.

Drawdowns end. Strategies come back in favor. But how would you know? By tracking all the trade signals and documenting the results as if you were trading it live. The performance of this strategy is almost to the point where it’s worth live money again. 

In the meantime, have another strategy to trade! You can watch my recent training session on our swing trading strategy. You’ll love the results.   Click here.  

Trade Fearlessly,

Mike Siewruk

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