Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: No trade triggered in a choppy narrow day. 

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

Buy 5242.00 stop 5236.25. Short 5314.50 stop 5320.25. 

The World Index: (+100/-100) dumps from -14 to -50 with most major world markets Bearish. 

Catalysts: Fed’s Bostic @ 8:25. New Home Sales @ 10:00. 

Quick Tip: No Setups?

This blog suggests two potential turning points for the S&P futures. There are many more volume levels that our team uses. But for the past two days price never touched any of our volume levels. 

No problem. Our team has multiple strategies with edge to fill the gap when one isn’t providing setups. There are more reasons to trade multi-strat though: 

1. Diversity. Markets change character. They’re either trending or not, volatile, or not. No single strategy works well in all those conditions. Having the choice to deploy the most appropriate strategy gives you flexibility and edge. 

2. Abundance. If you find yourself breaking your rules to get in the action, you’ll benefit from the abundance of setups multi-strat provides. You won’t have FOMO. You know that there will be plenty of opportunities so you can choose the best probability trades. 

3. Action. If you’re comfortable with fast action and quick decisions you’ll enjoy the experience more than focusing on one strategy and getting bored with the waiting time. 

4. Learning. You’ll need to study and practice different rule sets. This doesn’t mean you must trade them all, but it’s extremely helpful to know how other traders, your opponents in the competition, are viewing the same price action. 

5. Entry clues. It’s not uncommon for two different strategies to be setting up trades in the same direction. This confluence is good. 

6. Exit clues. It’s also not uncommon for one strategy to signal a buy while you’re short a different strategy (and vice versa). These can be excellent profit targets. 

Tired of trading alone and guessing what to do next? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Open enrollment ends this month. Take advantage of the final days of this promotional price. 

Trade Fearlessly,

Mike Siewruk

P.S. If you have any questions about our futures/options trading room, email me for a private Zoom session. We'll discuss whether we're a good fit or not.