Trade Aptitude

psychology trade planning Dec 29, 2023

Results of Thursday’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 4821.50 stop 4827.25 if price closes below and retraces to fill. 

The World Index: (+100/-100) rises from zero to +21 in a mildly Bullish world with low volatility. 

Catalysts: Chicago PMI @ 9:45. 

Quick Tip: Optimism & Pessimism. 

Can they co-exist? Should they? Yes, but on different levels. 

Starting the New Year, it’s common to set goals. You want to be optimistic about your trading, career, family, and the state of the world itself. It would be wasteful and unnatural to be pessimistic. 

Those positive goals you set are in your “big picture.” Where you want to be a little pessimistic is in the details. 

How are you going to achieve your goals? You want to imagine the roadblocks and challenges that will inevitably arrive on your path to success. Once you see what those roadblocks and challenges might be, you must decide what to do about them. How are you going to overcome them? 

Giving yourself a monetary goal from your trading is fine if 2023 was a great year and all you must do is repeat what you’ve been doing. But if 2023 was not up to par, setting a goal for 2024 without acknowledging what needs to change is worthless. 

Dream big for your success next year. Feel genuinely optimistic. Then dig down into the details, the “what you need to do’s” to get there and author solutions. Those solutions are the catalysts for attaining your goals. 

Need some help? 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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