Today’s Best S&P Futures Turning Points: Nothing tradeable today.
Tuesday’s results: This strategy is on hold.
The World Index: (+100/-100) eases from -43 to -29 with sentiment mixed on varying volatility, leaning Bearish.
Catalysts: GDP, Jobless Claims, PCE Advance @ 8:30. Pending Home Sales @ 10:00. Crude Oil Inventories @ 11:00. Fed’s Williams @ 12:05.
Quick Tip: Get PAID
Trade plans are essential. But they are one piece of the puzzle. Aside from all the common components your Trade Plan needs an overriding structure, method, philosophy. We created the PAID method of trading to accomplish this.
PAID is an acronym for Plan/Abundance/Investigate/
Abundance is critical. If you’re not getting plenty of quality trade setups you might be tempted to enter trades that you shouldn’t take. When you have choices, then you can be picky without any FOMO (Fear of Missing Out).
With choices comes the responsibility of investigation. You need hard evidence pointing to the best probability of success to ultimately decide. Review your current trade plan with this philosophy in mind.
Tired of trading alone? 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! Take advantage of the final days of this promotional price.
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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