top of page

Market Prep: Week of May 30, 2022

Happy Memorial Day Weekend! My use of "happy" is intentional, because I am sincerely thankful for the life I am able to enjoy thanks to the sacrifices made by our men and women of the US Military. If you've served this country, I just want to take a moment before we get started to say thank you for your service, it means a lot to me and my family. So last week I was looking for a relief rally after 7-straight down weeks in the S&P500, with the intention to join the buyers after price spent some time above ES_F 3955. It turned out to be a fantastic week. While I'm sure some traders got in lower than I did, ES_F still finished ~200pts higher than that 3955 level where I felt comfortable trading the long side. I mention this as a reminder that it's absolutely not necessary to try and bottom-tick or top-tick a market to be fact, it's quite reckless to even attempt such a feat. Let the Twitter braggers boast about their "0 MAE" while we remain focused on risk-management and longevity.

Want to read more?

Subscribe to to keep reading this exclusive post.


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page