Tag Archives: Futures

Archive, Retrospective

Sunday Retrospective for January 26

Posted on by Conor Browne

Strategic Insights and Execution Enhancement

• Reflection on the week’s performance, emphasizing lessons from high-volatility trades across energy and tech sectors.

• Evaluation of the “big ass fly” strategy’s adaptability to sector momentum and its alignment with market shifts.

• Identification of timing inconsistencies in recent trades, with actionable strategies for improving entry precision.

• Discussion on managing risk in trades influenced by macroeconomic reports and geopolitical developments.

• Analysis of successful trades leveraging real-time technical indicators, proposing broader application of these methods.

• Setting goals for the coming week, including refining sector-specific strategies and enhancing real-time execution processes.

Summary

the team reflected on the past week’s trading activities, focusing on the successes and challenges presented by high-volatility conditions in the energy and tech sectors. Ernie led an evaluation of the “big ass fly” strategy, discussing its adaptability to sector momentum and areas for improvement.

Timing inconsistencies in recent trades were identified, with strategies proposed to enhance entry precision and capitalize on market shifts more effectively. Risk management practices were reviewed, particularly for trades impacted by macroeconomic reports and geopolitical events.

The session highlighted successful trades that utilized real-time technical indicators, suggesting their broader application in future setups. Goals for the upcoming week were established, emphasizing the refinement of sector-specific strategies and improvements in real-time execution processes. Ernie concluded by encouraging the team to build on this week’s insights and maintain discipline in their trading approach.

Archive, Zoom Daily

Daily Meeting for Wednesday June 5

Posted on by Conor Browne

• Market Observations: Ernie discusses current economic indicators showing a weakening job market and unexpected services PMI increase, influencing the stock market’s rise despite negative forecasts.

• Impact of Interest Rates: Discussion on Wall Street’s expectations for the Federal Reserve to lower interest rates, potentially impacting market movements and investor strategies.

• Trading Strategies Amid Stagflation: Insights into trading and investment strategies during a period of rising prices and stagnant economic growth, focusing on risk management and leveraging short-term trades to capitalize on market volatility.

• Investment and Speculation Balance: Ernie advises on balancing speculative activities with stable investments to manage risks better and maintain healthy financial status during economic uncertainties.

• Long-term Financial Planning: Discussion on the importance of conservative investing during high inflation periods, reducing speculative investments, and focusing on assets that preserve capital.

• Educational Component on Financial Resilience: Ernie emphasizes learning to manage investments wisely, avoiding large losses, and understanding market dynamics to build long-term wealth effectively.

Summary

During the daily meeting on June 5th, Ernie led a comprehensive discussion on the current economic landscape, characterized by weakening job metrics and anomalous market behaviors like the rise in stock prices amidst negative economic reports. He shared insights on potential Federal Reserve interest rate cuts and their expected effects on the markets. The conversation also covered strategic financial planning amidst stagflation, emphasizing the importance of balancing high-risk speculative trades with stable investments to safeguard and grow capital during economic downturns. Ernie stressed the necessity for prudent investment to manage risks and ensure long-term financial health, advocating for a conservative approach during uncertain economic times. Additionally, there was a focus on educating attendees on financial resilience strategies, underscoring the value of preparedness in navigating market volatility.

Archive, Zoom Daily

Daily Meeting for Monday March 11

Posted on by Conor Browne

Embracing Mental Toughness and Strategy Adaptation in Trading

• Futures Contract Transition: The group talked about the transition from the March to the June futures contracts, emphasizing the importance of being aware of contract expiration dates and the transition process to avoid potential trading mishaps.

• 75 Hard Program: The conversation shifted to the 75 Hard Program, which Ernie highlighted as a method to develop mental toughness and discipline. This program involves two daily workouts, following a diet, drinking a gallon of water daily, reading 10 pages of nonfiction, and taking a progress picture every day for 75 days.

• Trading Strategy Adjustments: Ernie proposed adjusting the trading strategy to potentially enter trades at the end of the day or later at night, similar to strategies used by another trader, Jerry. This adjustment aims to capture overnight market movements and could be particularly beneficial during periods of low volatility.

• Importance of Mental Toughness in Trading: The discussion underscored the critical role of mental toughness in trading. Participants talked about personal commitments and routines that contribute to their mental resilience, discussing how these practices can positively impact their trading performance.

• Exploring New Trading Ideas: The meeting touched on exploring new trading ideas, such as entering trades at the end of the day to take advantage of potential overnight price movements, which could offer a strategic advantage regardless of the market’s volatility.

• Technical Issues and Support: A participant shared a technical issue with their trading account on Schwab, highlighting the importance of timely support from trading platforms to ensure uninterrupted trading activities.

Summary

This daily meeting offered a deep dive into several critical aspects of trading, from strategic considerations and the importance of mental toughness to the technical details of futures trading. The conversation about the 75 Hard Program stood out, offering a framework for developing the mental resilience essential for successful trading. Additionally, the proposed strategy adjustments aim to optimize trading outcomes by leveraging market movements outside regular trading hours. The meeting encapsulated a holistic approach to trading, emphasizing discipline, strategic adaptation, and the significance of support systems, both psychological and technical.