Trade Aptitude

Quick Tip: Novel Exits

All the money is made or lost in the exit. Significant research, documentation and review is essential to finding what works best for your style. 

One exit we find productive in our trading room is a counter signal from a different strategy.

Let’s say you’re profitably long using a trend strategy and your reversal strategy is signaling short. You have choices, which is better than none.

1. Ignore the reversal signal. 

2. Exit your entire position.

3. Scale out of your position.

Scaling out is a good choice. You’re banking profit and staying in the primary trend. The key is selecting the strategies you’re using. They all need "edge." 

Join us today, December 1st @ 12:30 PM for a live real money trading demo where we’ll show you how this flexible exit alternative works. Click here to register. 

Wednesday’s Best S&P Turning Points Results: The suggested short @ 4033.50 stopped out. 

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

Short 4123.50 stop 4129.00. Buy 4039.75 stop 4034.25 

Globex View: Narrow range easing down after breaking above yesterday’s high. 

The World Sentiment Index: (+100/-100) moves from +43 to +50 with all major world markets bullish, S&P futures flat. Historically price closes LOWER than the open 54% of the time.   

Catalysts: Jobless Claims & Personal Income/Outlays (Fed’s primary inflation measure) @ 8:30. PMI MFG Final @ 9:45. ISM MFG Index @ 10:00. 

Trade Fearlessly,

Mike Siewruk 

P.S. Feel free to pass this live trading demo invitation on to your trading buddies.