Trade Aptitude

Results of Thursday’s Best S&P Futures Turning Points: The trade idea never triggered. 

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

Buy 5073.00 stop 5068.50. No great shorts today. 

The World Index: (+100/-100) eases from +69 to +38 in a mildly Bullish world on plummeting volatility. 

Catalysts: Nothing on the economic calendar. Let’s see if there is any follow-through from the NVDA rally. 

Quick Tip: You’re the Enemy

Showing my age here quoting Walt Kelly’s Pogo cartoon: “We have met the enemy, and they are us.” 

Developing traders put so much time and effort into finding the best strategy and risk management plan (both important) that they ignore the real enemy in trading. 

Your personal psychology about winning or losing, and being right or wrong, will ruin your performance more than a mediocre strategy. 

Here’s proof. The famous Turtle Trader, Curtis Faith, in his book Way of the Turtle, gave  his recommended reading list in the bibliography. 25 books in total. Can you guess what aspect of trading was titled in 12 of those books?

Psychology.  

If you want the tools and techniques to change your behavior and truly catapult your trading results, say "Goodbye" to the enemy within you, click here for details. 

Trade Fearlessly,

Mike Siewruk

P.S. Forward this blog to your trading buddies. Share in the wealth!