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Today’s Best S&P Futures Turning Points: Buy 5037.50 stop 5033.75. Short 5176.00 stop 5181.75.
Wednesday’s results: Buying 5046.75 missed filling by one tick and ran for 50 points. 
The World Index: (+100/-100) improves from +36 to +43 with all major world markets modestly Bullish on low volatility.
Catalysts: Jobless Claims, Philly Fed Business Index @ 8:30. Fed’s Bowman & Williams @ 9:05/9:15, Existing Home Sales @ 10:00. Fed’s Bostic @ 11:00, Collins @ 12:00.
Quick Tip: Limit/Market
The buy yesterday missed by one tick. Heartbreaker.
I recall a while back one of the traders on our team told me didn’t limit himself to “precision” entries like I did. If he wanted in a trade he used a market order.
Entries are either limit or market. Limits are precise. You get the exact price you wanted. The downside is you may not get filled. Market orders always get filled. The downside is you get varying price fills.
Knowing the level in advance you could set that order early. In this case you didn’t fill unless you intentionally placed the entry higher than the suggestion.
Watching the market live is more flexible for market orders. You see the approach and hit enter. You may even get positive slippage.
Adjusting your entry rules for market conditions makes sense.
Tired of trading alone and guessing what to do next? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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