The Daily Market Forecast... "Take 'em all."

Thursday’s Blog Results: The suggested short at 4411.00 stopped out by 3 points. No long triggered.

Today’s Lesson: “Take ‘em all.”

Found this quote the other day reading one of my favorite trader/educators, Larry Williams (https://www.ireallytrade.com). He was talking about the trap we all fall into of picking and choosing our trades as opposed to taking every signal (filters are still honored).

“If you pick and choose, you will invariably pick the losers and walk away from the winners. It is nothing personal, we all do, and the way to beat this devil is to take ‘em all.”

This is not news to me but being the imperfect human that I am, I fell into this trap the other day. Reading this shortly afterward was coincidental but great timing for me!

If you’ve ever struggled with the feeling that you pick the losers and miss the winners, try lowering your risk (or size) and “take ‘em all.” Larry Williams has been beating the market for decades and worth listening to.

Today’s Best S&P Futures Turning Points:

Short Level: Sell 4380.50 stop 4385.00.

Long Level: Buy 4208 stop 4203.50.  Same as yesterday.

Trade well,

Mike Siewruk

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