Trade Aptitude

Results of Thursday’s Best S&P Turning Points: The suggested buy @ 3853.25 only bounced for 4.50-points before stopping out.  

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

Buy 3835.75 stop 3830.25. Short 3924.50 stop 3930.25. 

The World Sentiment Index: (+100/-100) EASES from +21 to -7 in a world of mixed sentiment. Historically the close was higher than the open 74% of the time. 

Catalysts: Durable Goods & Personal Income/Outlays @ 8:30. New Home Sales & Consumer Sentiment (including Inflation Expectations) @ 10:00.

Quick Tip: Feedback 

How is my trading going? That’s a question you should be asking yourself on a regular basis. Think hard, be critical, answer honestly. And don’t worry about talking to yourself, we all learned that’s OK during Covid lockdown. 

What you’ll find when you question your results critically are some trailheads for improvement. It might be as subtle as the quality of your record keeping or the consistency of your pre-trading routine. Regardless, the only way to improve is to know what to change. Try it!

How is my blog going? This is the question I want to ask YOU. Every morning, as part of my pre-trading routine, I sit down and write this blog/email.

This does NOT come from the ever-popular AI bots (in case you didn’t know much of what you read today is not written by a human).

These are fresh thoughts every day when I’m at my mental peak, which for me is early morning. 

Help me improve. Let me know what you want more and less of from my trading research and writing. I’ll deliver it. 

Is it technical analysis? Trading Psychology? Basic lessons? Advanced lessons? Trade reviews? Research techniques? You name it. Take a moment and email me some feedback!

Everyone will benefit. 

Enjoy your holiday weekend and Thank You in advance for reading and responding. 

Trade Fearlessly,

Mike Siewruk 

P.S. Feel free to share this blog with all your trading buddies.