Jun 26, 2018 – Chopped into Regret

Premarket Insight

Another day where volume is looking strong in the market early. At the beginning of my day GC and CL has already had significant moves, both bearish. NQ is pretty much trading sideways in a pullback from yesterday’s big selloff. However, as of 06:20 EST, the volume is already above 50K which is something we haven’t seen consistently in some time.

On the calendar today, CB Consumer Confidence at 10:00 EST.

 

At the Bell

No trades place in the premarket. Had an order out for CL short but didn’t get filled. NQ bounced around all morning, however my premarket attention should have been there as there were a couple good opportunities after 06:00 EST.

Five minutes in and it looks as if the bears will be controlling the markets again as NQ bounces strong off a key pivot. Today, I am determined not to miss this volatility no matter what.

Another possibility, a retest on yesterday’s gap (see QQQ) could be in the cards for today’s market action. And as always, choppiness is always a possibility. Morale of the story, be ready for everything. (Insight I needed yesterday)

 

COB Recap

Guess the later was right, Market just chopped along all day and it didn’t help I took some trades like a newbie, missing where I should have got in and chased it, which is definitely not the thing to do on a choppy day. Maybe this will be a day where there is a play during lunch…

Getting out of my emotions though, looking at the big picture, I only chased one time (which is the one that got me in the red for the day), but today’s struggle is simply because it is one of those rare days what my strategy doesn’t work so well. The problem is not with my trading, with the exception of me getting emotional from that last loss.

Could try to recover in the afternoon session but may opt to just step away and get back at it tomorrow unless I can get my emotions under control during lunch.

 

The play that put me red on the day. 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”

 

Jun 25, 2018 – Thank God it’s Monday #TGIM

Premarket Insight

Had a great weekend enjoying time with my wife but still managed to squeeze in some studying time in preparation for the week.

Nasdaq starting the week pretty interesting with decent volume on some relatively heavy selloff, already down 0.88%. Volume looks pretty good across the board for the rest of my watchlist as well.

Only thing on the calendar today is New Home Sales report at 10:00 EST. However, should be an interesting week with “Trade War” news, U.S. Q1 GDP report to be released Thursday, and U.S. PCE Inflation Data on Friday.

 

At the Bell

In the premarket, was able to catch to plays off CL, one small win and another moderate win giving me a nice cushion for the market hour plays.

In the first 10 minutes, the bears continued pushing the market south. I wouldn’t be surprised to see some bullish action or choppiness at least through lunch at this point. Volume looking strong, with NQ already surpassing the 100k mark.

 

COB Recap

Well, I completed misjudged that first hour after the bell. Then I got distracted with things outside of trading, so I missed the move I’ve been waiting weeks for… Frustration is an understatement.

 

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”

 

Jun 21, 2018 – Supreme Taxation

Premarket Insight

Got to my desk late today, been a busy day. Upon logging in noticed there’s been a ton of action in the aftermarket. Only thing on the calendar today is Philadelphia Fed Manufacturing at 08:30 which I’m not expecting to have much of an effect on the market.

 

At the Bell

Took two small winners in the premarket. See my click the image below for access to my Tradervue profile to see the details of those plays.

NQ had an expected dip in the after-hours leading to this bullish pop continuation at the bell. Not long after price dropped hard blowing past previous support.

 

COB Recap

Finally! Ended the day early with a decent green day. Could have been more but not complaining. All the previous days of struggling finally paid off as this has been the best I’ve ever played the market. See my biggest play of the day below and click the image to get the full play-by-play of my day.

 

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”