In the Bag

Legendary golf coach Harvey Penick wrote in his best-selling Little Red Book that you could build a solid game of golf around one club, the 7-iron. If Harvey were coaching you he would say “Simplify. Focus. Pick one club and master it.”

While that’s a sound plan to get started it won’t win you any tournaments. 

The same goes for successful trading. Focusing on one strategy or style of trading until you’ve mastered it is a great start. But market conditions change, and strategies get hot and cold. You’re best served by having the skill to trade effectively in varied conditions. 

Is the market trending or range-bound? Is the market volatile or quiet? Pick your “club!” 

Once you master your first strategy make sure the next one is complementary not competitive. Make sure it addresses different market conditions and allows you to trade in different timeframes. Have trend, reversal, day, and swing trading versions. 

Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. You can learn either or both risk-free. Join us.

To your trading success,

Mike Siewruk

PS: Check out the latest video on our YouTube channel. You can also subscribe and get alerted to new lessons. Enjoy!