|
Today’s Best S&P Futures Turning Points: Buy 4980.00 stop 4974.75. Short 5070.50 stop 5075.75.
Thursday’s results: Neither trade triggered.
The World Index: (+100/-100) PLUMMETS from +43 to -57 with all major world markets firmly Bearish on rising volatility.
Catalysts: Nothing on the economic calendar. Persistent hawkish Fed remarks. Middle East tension.
Quick Tip: Test More
Imagine that your strategy is working just fine. You finally found your trading “rhythm.” Your account is growing and you’re starting to take a paycheck (which you should, make those gains tangible).
“If it ain’t broke, don’t fix it” repeats in your thoughts. Wrong this time. Markets change, strategies lose steam, you should constantly be looking to improve your results.
How? Testing. Don’t change anything that is working, but research potential changes. Study your results and your journal for clues on what to research. Maybe your entry or exit rules can be improved. Maybe your time interval isn’t optimal. There are so many rules to test.
Make a list, then research one at a time through back-testing in varying market conditions. Some will offer no improvement. Good! Check those off the list and move on. When you find a change that improves results, trade it in real time simulated mode to gain confidence.
That’s how you keep your edge.
Tired of trading alone and guessing what to do next? 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! Take advantage of the final days of this promotional price.
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
|
