Trade Aptitude

Today’s Best S&P Futures Turning Points: This strategy remains on hold but is improving during the Globex session, not the day session. 

The World Index: (+100/-100) jumps from +7 to +43 with a most major world markets Bullish. 

Catalysts: Jobless Claims @ 8:30. S&P MFG/Services PMI Flash @ 9:45. Existing Home Sales @ 10:00. Kansas City MFG @ 11:00.

Quick Tip: Wonder More

Here’s a quote I love from superstar attorney Gerry Spence: “I would rather have a mind that is opened by wonder than one closed by belief.” 

At first this quote seems to simply say “Have an open mind.” But it goes deeper than that. It’s more than merely having a positive attitude or not being fixed by your own opinion. 

The key word is wonder. You can have an open mind that is limited. There are degrees of openness. It is almost like an oscillator that pegs in both directions. You have a self-imposed limit on how much you’ll be open to. And that limit is your belief. Because when the openness closes it does so from your limiting belief. Thus, no one is completely “open minded.” 

In trading there are many strategies that have edge. There is no single “best way.” You need to be open minded enough to explore many different strategies and styles to find the few that resonate with your personality. This applies even if you’re already successful. 

Next time you’re closed to something new recognize the belief that held you back and think hard if it’s still valid.

Our trading teams focus on day trading futures and swing trading options. Maybe you'll fit right in. You can try either or both risk-free. 

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!