Today’s Best S&P Futures Turning Points: Nothing tradeable today.
Friday’s results: This strategy is on hold.
The World Index: (+100/-100) rises from -36 to -7 in a world of mixed sentiment and low volatility.
Catalysts: G7 Meetings (all day). Empire State MFG Index @ 8:30. Fed’s Williams @ 12:00, Harker @ 13:00.
Quick Tip: How Are You?
We all have financial goals we’re working toward. The retirement “number” which eliminates our dependence on a shaky social security system. The short-term trading cash flow profits that pay for the fun stuff.
When you progress toward these goals you’ll notice that it’s not a smooth path. You’ll have ups and downs. The downs are your signal to investigate why and find a potential solution. Failing to reach a goal is nothing more than a learning experience.
In his fantastic book Atomic Habits, James Clear said “You do not rise to the level of your goals. You fall to the level of your systems.”
See, in his book he teaches a systematic way to achieve goals. Just putting them out there guarantees nothing. In trading, our system is our trade plan. If we’re not moving toward our goals, using Clear’s advice, we should be analyzing our trade plan.
Markets change character. Strategies move through drawdowns. Take the time to investigate your plan and determine potential fixes along the way. Otherwise, rigidly following what isn’t working will move you further from your goals.
Our team day-trades multiple strategies which we analyze on a weekly basis to know quickly when to adjust. Join our team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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