Results of Monday’s Best S&P Futures Turning Points: Neither trade suggestion triggered and remain on the chart.
Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets):
Buy 4182.00 stop 4178.75. Short 4229.75 stop 4233.50.
The World Sentiment Index: (+100/-100) PLUMMETS from +14 to -50 with most major world markets Bearish.
Catalysts: Fed-speak @ 9:00. PMI Flash @ 9:45. New Home Sales @ 10:00. No deal from the White House but both agreed that a default is not going to happen.
Quick Tip: Be proactive, not reactive.
With 40+ million copies sold and a release date in 1989 you’re likely to have read Stephen Covey’s “The 7 Habits of Highly Effective People.” If not, do it now. It is excellent and timeless advice.
Habit #1 says be proactive, not reactive. With so many different styles of trading, you know there are strategies that you can “set and forget,” and strategies that require real-time scrutiny. Proactive vs. Reactive.
Our team of traders do both because we run 5 different strategies (plenty to pick from… sometimes it’s like Thanksgiving dinner). Our volume profile, supply/demand, and SPX strategies can be “set and forget.” Our volatility reversal and intraday trend strategies require attention.
OK, so if Covey is correct and we should be proactive why do we trade any “reactive” strategies? Two answers: One, they have edge, they work. Two, we KNOW what to do with our “waiting” time. Anticipate, look for confluence, research, documentation, review, push-ups, lunges, squats… you get it.
Covey’s advice is meant to be interpreted. For traders with a strategy requiring attention, be PROACTIVE in your waiting time.
Join us, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!