Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox.
Hi traders, I hope you had a chance to enjoy Canada Day and the 4th of July!
Here is your weekly newsletter — perspectives on trading and financial markets.
Click here for the previous edition.
As we enter into the second trading week of Q3 if you haven’t done so already now’s a good time to properly close out Q2 by taking some time to reflect back on your Q2 and to begin to set some clear intentions and goals for Q3.
Q2 was a historical one by all accounts and measures so ask yourself –
It is easy sometimes to simply try to distill our trading success down to a $$$ figure but money never captures the entire trading process.
Money is a by-product of your trading process and more important is an outcome that is never entirely in your control.
If your goal is to get better as a trader you’ll want to focus on not just your PnL but improving the quality and execution of your process.
Here are 2 questions I often ask myself, now ask yourself in Q2 –
Now looking forward, for Q3 –
In this week’s video I:
Now watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching as well as the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD MGC BTCUSD EEM and more for the week of Weekly Market Outlook For July 6 – 10, 2020.
In keeping with the discussion of improving your trading process, this recent article by Dr. Brett speaks to a goal that many traders are seeking and that is – better trading consistency.
The funny thing is that the key to consistency is consistency.
We can’t build a building jumping from one set of blueprints to another. Ultimately we have to decide on our structure and lay the foundation brick by brick, gaining relevant experience as we go along. The consistency of our trading will never exceed the consistency of our learning processes.
So how unusual is it that the FAANG names represent such a large share of the market and how long do the market leaders stay the market leaders?
This graphic illustrates the largest 10 US stocks and their combined market share at the start of each decade.
And here are some emojis to close out this week’s newsletter. 🇨🇦🇺🇸🤣