Trade Aptitude

trade planning Feb 12, 2024

Results of Thursday’s Best S&P Futures Turning Points: Neither trade triggered. 

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

Buy 5013.50 stop 5009.75. Short 5010.50 stop 5014.25 if price drops below and retraces to entry. 

The World Index: (+100/-100) eases from zero to -6 with the larger Asian markets closed. 

Catalysts: Fed speakers @ 9:20 & 12:00. Federal Budget Balance @ 14:00. 

Quick Tip: Equity Curves

Are you plotting your strategy’s equity curve? If not, get started. It’s a modest amount of record keeping, and it will give you confidence and warn you to drawdowns and restarts. 

It’s important that the equity curve represents all trades your strategy teed up, not just the ones you took. Knowing the difference between your results (behavior) and what you should have done is critical to improving your results. 

Our team chooses between 5 different strategies for day trading the futures markets. Every trade is documented for them daily and the equity curves are updated weekly. 

Of the 5 equity curves, 3 hit new 12-month equity highs last week. One strategy is struggling. Knowing their relative performances on a weekly basis allows us to adjust their trade plan for “what’s working now.” 

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!


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