May 11, 2018 – Give Me a Break

Premarket insight

Continuing with failure to capitalize off bull grind yesterday is exposing holes in my trading execution. Took a significant amount of time this morning (as well as brainstorming last night) to do some back trading to develop a plan to clean up my weaknesses. Discovered I need to pay more attention to the daily trend as well fix some areas of my risk management. Developed a plan and ready to move forward.

At the Bell

Premarket action gave some good opportunities that I was able to take advantage of putting me green at the open. BUT the 1st hour stayed consistent with all the choppiness resulting in me giving up premarket profit plus some. Also, it didn’t help I made some mistakes. Gotta get rid of these mistakes. All day price has been bouncing between the high and the close of yesterday probing for a break of both but never holding the move.

 

COB Recap

As of lunchtime, the price stayed consolidated. Price action was so crazy my risk management strategy wasn’t safe, resulting in a small winning trade to turn into a loss. Was trying to stay disciplined and literally paid for it. No wonder the market gets such a bad rap… #Frustrated

 

Rob

Mv3 Trader

May 10, 2018 – Who Wants Lunch?!

Premarket Insight

From yesterday and doing some back trading research this morning I discovered my stop needs some attention. I haven’t been very disciplined with sticking to the stop plan built into my trading plan/strategy. I will fix this today.

 

At the Open

The market opens up with another fresh session of choppiness after a crazy surge premarket what looked to be a response to CPI report @ 0830. Took one play that failed. Now just watching for a while seeing how this 1st hour will play out. Staying patient for the best setup.

 

COB Recap

So it was another frustrating day of no decent volatility as NQ continued a slow choppy bullish climb keeping me pretty much flat for the day. Even though there was a little movement I didn’t get the setup I really wanted so I decided to stay on the sidelines and just watch.

And as I’m typing this, looks like the market is making another strong lunchtime push bullish. This makes no sense to me as lunchtime is usually one of the worst times to trade. People don’t eat??? Maybe this is somehow related to the low volume and volatility.

Any thoughts? Feel free to leave a comment or suggestion below.

*UPDATE: Turns out people were only getting some lunch money as it didn’t continue to push from the pop. Gave a 5 min shooting star before falling hard.

Rob

Mv3Trader

 

May 9, 2018 – Choppy Frustration

Not sure what the deal is with all this choppiness in the market. I know my experience is limited with my short time of trading, but I’ve never seen an earnings season this choppy.

I was actually thinking about this before my trading time this morning and I feel it is a combination of fear with all the recent volume plus the amount of mixed news coming out. I even read something in a chat that mid-term elections could be having effect on market. Basically, there’s so much going on at one time it’s causing indecision in the market.

Some people are having pretty good success scalping equities, but since I’m trading futures of the overall market, makes things a little tougher for me.

Then finally the market decided to take off bullish at lunchtime. Days like this are so frustrating. Hopefully this is good news for tomorrow. The crazy thing is my last trade, I was actually in this move but had my stop too tight based off my strategy and stopped watching due to it being so close to lunchtime.

Had I risked more the feeling would be much different right now. Instead, what happened is it pretty much bounced off my stop before continuing the move bullish. you can check that play in the image below.


Rob

Mv3 Trader