Trade Aptitude

psychology trade planning Mar 21, 2024

Results of Wednesday’s Best S&P Futures Turning Points: No trade triggered.  

Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets): 

Buy 5242.00 stop 5236.25. No short trade today. 

The World Index: (+100/-100) jumps from zero to +43 with most major world markets Bullish on rising volatility. 

Catalysts: Jobless Claims & Philly Fed MFG Index @ 8:30. PMI MFG & Services @ 9:45. Existing Home Sales @ 10:00. Fed’s Barr @ 12:00. 

Quick Tip: Consistency

Having taught over 4000 traders in the past 16 years the goal I’ve heard most often is the desire for consistent profitability. 

You know what profitability is but how do you define consistency in trading? Time enters the definition. Wanting a daily paycheck from the market is more challenging than a weekly or monthly paycheck. 

In Dr. Brett Steenbarger’s excellent book, Enhancing Trader Performance, he mentions a conversation he had with all-star trader Linda Raschke. She openly admitted that much of her annual profit comes from a couple of very good months. She understands the cycles that occur in her strategy’s performance. Her expectations of consistency have a longer-term view. 

If you’re starting out with unrealistic expectations you probably won’t persist to consistency, whatever that time cycle is for your style of trading. 

An excellent way to shorten your learning curve and acknowledge what consistency is for you is to document hundreds of trade setups for your chosen strategy. Plot the data on a chart. You’ll see the winning and losing streaks. This should give you the confidence to persist. Or find a new strategy!

Invest the time in deep research before risking your money or use our research instead! 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! Open enrollment ends this month. Take advantage of the final days of this promotional price. 

Trade Fearlessly,

Mike Siewruk

P.S. If you have any questions about our futures/options trading room, email me for a private Zoom session. We'll discuss whether we're a good fit or not. 


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