Monday’s Blog Levels: The short idea never triggered and the market opened below the long idea.
Quick Tip: Powerful Habit
Do you know anyone who read the Bible, Quran, Torah, or Vedas only once? (Sorry if I missed your faith but you’ll get the point in a moment).
You read anything enlightening once… “Interesting! I didn’t know that. I’m definitely following this advice!”
Result: A few days of spotty application. Your experience is now called “history.” You didn’t change.
You read anything enlightening a few times… “I’m getting this. I see how it’s changing me for the better. I feel calmer, more intelligent, motivated. Wow!”
Result: You have some new habits. You’re seriously applying. Your experience is now called “real.” You’re changing.
You re-read anything enlightening regularly… “I knew that and forgot it! Studying this needs to be on my calendar. I’ve gained so much… don’t want to lose it!”
Result: You confirm your habit. You’ve arrived. Your experience is now called “ownership.” You’ve changed.
This blog is about trading and if you’re reading it I know you’re a glass-half full person who wants to improve your trading. The secret is this: the same methods to changing your life for the better apply to changing your trading for the better.
Re-read those three levels. Think about where you are in trading. Not at #3 yet? The fix is easy. Read the book/blog again, take the course again, listen to the podcast again, watch the video again.
Find your “holy” trading knowledge source and never stop reviewing.
Today’s Best S&P Turning Points
Sell 4468.75 stop 4474.50.
Buy 4325.75 stop 4320.00
P.S. P.S. If your strategies have proven edge and your results are spotty then you need to change your behavior. Click to learn how.