Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Shorting 4928.50 stopped out. Buying the breakout at 4931.00 ran for 25 points. 

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

Buy 4922.50 stop 4918.25. Short 4919.00 stop 4923.25 if price retraces up from below. 

The World Index: (+100/-100) drops from +19 to +6 with sentiment mixed worldwide on lower volatility. 

Catalysts: Home Price Index @ 9:00. Consumer Confidence & JOLTS @ 10:00.

Quick Tip: Mastering Trading

George Leonard noted in his book Mastery that “Our culture has become hooked on the quick fix, the life hack, efficiency. Everyone is on the hunt for that simple action algorithm that nets maximum profit with the least amount of effort.”

Sounds like “Lotto Mentality.” And unfortunately, those are the kinds of teasers you read in your emails every day. Don’t fall for it. 

To master anything, you’ll find coaches and authors all agreeing on the same basics: 

1. Intense focus.

2. Practice.

3. Incrementally improving (day by day).

4. Persistence. 

5. Acknowledging Mastery is a journey, not a destination. 

Nothing quick and easy about that. 

Your trading plan should include personal development goals and ongoing trading education. This doesn’t necessarily require hours a day although that would surely accelerate your gains. 

Just like your exercise regime, if you devoted 30 minutes a day to simulated trading a new strategy you’d see your trade execution skills improve in short order. You might even find a better strategy!

Tired of trading alone? Our team day-trades multiple strategies with edge in a live online environment. Join us, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Forward this blog to your trading buddies. Share in the wealth!