Sep 12, 2018 – Improvement

Premarket Insight

NQ has a decent bit of selloff in the premarket after the bearish push in the Euro hours. Current volume as of 09:00 ET is pretty strong for this timeframe. Market showing potential to be an interesting day.

On the calendar today, Core PPI at 08:30 ET and Crude Oil Inventories at 10:30 ET.

 

COB Recap

It was another day of strong but odd early selloff out the gate as the bell rang. My first trade, I ended up screwing myself yet again for just a small scalp that should have been a play that hit target.

The next play I took I almost had to literally sit on my hands to keep myself from jumping out of the trade too soon. What I’ve noticed from the past few weeks of trading is the selloff typically happens much faster, stronger, and irrational than strong bullish days.

I was done before 10:30 for a profit of the day of $180. Could have easily been $350 but I’m not complaining. Just need to keep myself from taking myself out of trades too soon moving forward. The way I have my strategy setup with my broker will take care of erratic price action a majority of the time. Discipline for my entries have improved drastically, so I have no reason to be over-managing these trades so much.

Click the image for more details.

 

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Sep 11, 2018 – Back in Action

I’m back!!!

 

I took a break from mv3trader.com for a while to “go into the lab” and work on some areas I desperately needed to improve. I paper traded to close out August and once I got comfortable with how I want to trade my strategy decided to return to live trading in September.

 

So far, I’ve been green every day with about 80% accuracy. It was 100% until I over-managed my last two trades of the day before making myself stop for the day due to not sticking to the plan. On that note, I could be doing so much better this month had I not been over-managing trades so much. I seriously need to work on that.

 

My P/L for the month currently sitting at +$500 but could easily be triple that had I not over-managed so many trades.

 

Anyway, the way ahead for this website, thinking of making some adjustments. Maybe I will do weekly journal entries instead of daily. Or I’m thinking to do a premarket insight daily that could be sent out to anyone who subscribes to the mailing list. Also, thinking of making use of the YouTube channel for the journal recaps, as well as additional content related to strategy building for all corners of the market. My schedule has become a bit busier, so I’m not sure how much time I will have to dedicate to a lot of additional content.

 

I would love to hear opinions on this, so please let me think by commenting below or email me at robwill@mv3trader.com. You can also DM me on Twitter (link below). Any ideas you have are welcome.

 

You can see my trades for this month by clicking the image below of my winner for today on NQ.

The only win which I cheated myself on from over-managing. To see details for this and all of my plays for the month, click the image.

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Aug 15, 2018 – FOCUS

Premarket Insight

Looking at my charts for the first time today at 07:00 EST, NQ and CL have already taken a significant nose dive, mostly in the Euro market hours. NQ already down more than 58 points (0.79%) which could be the start of the selloff I have been expecting. Hoping this translates well into the morning session after the open bell. As mentioned in my entry yesterday, NQ will be my only focus for today.

One the calendar today, Core Retail Sales (x2) at 08:30 EST and Crude Oil Inventories at 10:30 EST.

 

COB Recap

As far as my performance today, I pretty much traded like a fish fresh out of water. Took a loss on my first play making a mistake from lack of focus, getting distracted by events happening at home. Then the rest of the day was spent taking small scalps to get back to green. Ended the day with a whole $10!

On another note, after doing a quick recap, noticed my normal strategy wouldn’t have performed much better with the crazy volatility, giving me a bunch of scalps minus the loss. Good thing I updated my entry technique yesterday. Just need to execute it better next time.

Anyway, no complaints overall today. Good to at least have a green day again even if it is only $10.

BTW, CL would have been super easy to trade today. #StoryofMyLife.

 

Scalp city y’all, scalp, scalp city y’all.
Click the image for more details.

 

 

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”