Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5321.50 stop 5317.50. No short suggestion today. 

Friday’s results: Neither trade triggered. 

The World Index: (+100/-100) soars from -7 to +50 with all major world markets Bullish. 

Catalysts: Fed Speakers: Bostic @ 7:30 & 8:45, Waller & Barr @ 9:00, Jefferson @ 10:30, Mester @14:00. 

Quick Tip: Blackjack 

Much has been said about the similarities between trading and gambling. Much is true. All is not. A fabulous book you should read about this topic is A Man for All Markets by Edward O. Thorp, an accomplished mathematician, author of Beat the Dealer, and acclaimed hedge fund manager. 

When Thorp tested his blackjack card counting system in the real world, financed by two wealthy (and greedy) millionaire businessmen, he uncovered a significant “edge” that you can and should apply to your trading. 

His backers wanted...

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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 5185.25 stop 5181.75. Short 5249.50 stop 5253.50. 

Tuesday’s results: Neither trade triggered. 

The World Index: (+100/-100) drops from +29 to -7 with Asia Bearish and the western world mildly Bullish. 

Catalysts: Crude Inventories @ 10:30. Fed Speakers: Jefferson @ 11:00, Collins @ 11:45, Cook @ 13:30. 10-Year Note Auction @ 13:00. 

Quick Tip: Fractals

One common rule in many trading strategies is to honor the trend from a higher time frame. If you’re day-trading a 5-minute chart, consider the 30-minute trend. If you’re swing trading a 60-minute chart, consider the daily trend. 

There is more to be gained from this multiple time frame analysis. 

Markets are fractal, meaning the price patterns on the chart repeat themselves in different time intervals. With this knowledge, here’s some ideas for gaining edge: 

1. Entries...

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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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