Trade Aptitude

trade planning Dec 28, 2023

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

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

Buy 4807.50 stop 4802.25. Short 4803.00 stop 4802.25 if price closes below and retraces to fill. 

The World Index: (+100/-100) plummets from +57 to zero with China/HK very Bullish and the west mildly Bearish. 

Catalysts: Jobless Claims @ 8:30. Pending Home Sales @ 10:00. Crude Oil Inventories @ 11:00. 

Quick Tip: Your Equity Curve 

If you’re a regular reader you know that one of the most important components of your trade plan is the documentation and review process. 

Every day you’re logging trades results, whether you took the trade or not. You’re scanning your thought journal for confirmation that you’re improving your discipline and holding emotions in check. 

The year is almost over. Now it’s time to review your entire trade plan noting any changes you need to make for a more successful 2024. 

Analyzing your trading account equity curve the right way will quickly and accurately alert you to these key changes. 

For example, our intraday trend strategy was working very well through June when it entered a drawdown. Since we follow the equity curves of each strategy closely we put it on hold for a while, still documenting results as if taken, and re-started the strategy once it was back to “normal.” 

My personal equity curve for that strategy was not as good as it should have been. I stayed with it too long into the drawdown. Lesson learned. 

Fortunately, right when the trend strategy started to falter, we released our InsidersEdge strategy swing-trading stocks and options. The equity curve for that started strong, stayed flat, and then soared, more than making up for the drawdown from intraday trend. 

As you review your 2023 performance make sure you’re looking at each strategy you trade independently. Think about how you could have better managed your results. Any improvement you need is likely to be hidden if all you look at is your trading account’s equity curve. Dig deeper. 

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!


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