Trade Aptitude

trade planning Apr 17, 2024

 

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Trade Aptitude

 

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Trade Aptitude

 

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Trade Aptitude

 

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Trade Aptitude

 

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Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5236.25 stop 5231.50. Short 5296.25 stop 5300.75 (filtered out for CPI announcement). 

Tuesday’s results: Buying 5213.00 bounced for 6 points before stopping out one tick from the day session low☹

The World Index: (+100/-100) gains from +7 to +21 with most major world markets leaning Bullish on low volatility.

Catalysts: CPI @ 8:30. Fed’s Bowman @ 8:45. Crude Oil Inventories @ 10:30. Fed’s Goolsbee @ 12:45. FOMC Minutes @ 14:00. 

Quick Tip: Stop Trading?

hemAll trading strategies have drawdowns (a protracted losing streak). The challenge is trading through them. You can’t stop thinking that it may “never come back” or churn for an extended period. Then you get FOMO and think if you stop now it will roar back and you’ll miss the gain. Obviously, these thoughts are destructive. Don’t go there. 

What you...

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Trade Aptitude

 

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Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5184.25 stop 5179.00. Short 5296.25 stop 5300.75.

Friday's Results: No trades triggered. 

The World Index: (+100/-100) gains from -50 to +14 with most major world markets flat or modestly Bullish. 

Catalysts: Nothing on the economic calendar today.  

Quick Tip: Morning Routine

Preparing for your trading day is critical. You should have a routine you follow that includes the following:

Review Market News: Start by scanning major financial news outlets for any overnight developments that could impact the market. This includes economic data releases, geopolitical events, key corporate earnings reports, and news specific to the contracts you trade. 

Check Futures and Overseas Markets: Assess how global markets are performing by checking futures contracts for major indices like the S&P 500, Dow Jones, and Nasdaq. Also, review how overseas markets, particularly in Asia and...

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Trade Aptitude

 

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Trade Aptitude

trade planning Apr 04, 2024

 

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