Jun 7, 2018 – Just Scalping the Bears

Premarket Insight

I’m a little upset with Nasdaq (NQ) this morning with it making a nice bullrun into new all-time high territory after my trading time in the afternoon. Thought we were friends. LOL Reading news, seems markets’ afternoon push was led by financial stocks.

It’s all good. I expect there will be some retest at some point but staying open to anything in this irrational market. May be wrong for this, but I wouldn’t mind a nice flash crash. #ImJustBeingHonest

Will only play GC (gold) if the volume breaks the 100K mark. Alert set.

 

At the Bell

Again, another day where not much happened premarket. Spent the premarket working on other business.

NQ leaning more bearish from the bell. Placed my order below the support.

 

COB Recap

Got 2 nice moderate scalps from the bears after the open. Using a more aggressive strategy could have got much more but there’s nothing ever wrong with getting wins. No more plays after that. Took my ball and went home. 🙂

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 6, 2018 – Gray Area

Premarket Insight

Another day of low volume. NQ kept climbing higher but has yet to reach new all-time highs. Again expecting some pullback before breaking into new territory, but what do I know? LOL

Nothing significant on the calendar today to help push the market in any direction. At most, I will be paper trading GC in the premarket again today.

 

At the Bell

NQ (Nasdaq) started its pullback after 8:30 EST. GC had a nice bullish run after crossing the 100K volume mark, resulting in a successful paper trade premarket.

First 10 mins of market open, just some ping pong action, virtually unplayable.

 

COB Recap

Took an early L from being too aggressive on entry. Made it back plus some when the market finally decided on a direction, the pullback action I was expecting.

Then proceeded to take 2 more Ls on robot trades as the price continued to chop around. Trying to not get frustrated, but it’s challenging.

Later, was able to return to flat on the day when the market bounced back bullish. Click the image below to get more details from my TraderVue journal.

 

Click the image for more details.

 

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 5, 2018 – Frustrating Distractions

Premarket Insight

Two things on the calendar today, ISM Non-Manufacturing Employment and JOLTs Job Openings. Possibly could bring volatility into the market at 10am.

NQ started a nice bull run at 3am EST, jumping more than 30 points before 6am. Was initially thinking to trade GC before the bell but it’s looking light on volume now, so maybe I will pass on playing GC today.

 

At the Bell

Good decision to not play GC with live account, paper traded only. Could have only made a small amount of money. My time was better spent doing other business. Across the board not much at all happened. Out the gate, the battle between the bears and the bulls continues as the price bounces in a tight range.

With NQ coming up to a new all time high expecting to see some kind of pullback or indecision before another serious move. Today will take a lot of patience and discipline with this low energy on low volume.

 

COB Recap

Feeling a bit frustrated with second play of the day. Was getting distracted by things going on in the house so wasn’t as focused as I needed to be. After entering the trade, I adjusted the stop loss order to exit for less of a risk, but I didn’t make sure the order update was submitted. Got stopped out for a full R (risk) because I didn’t realize my mistake until it was too late. That basically returned me flat for the day.

However, was able to make it back later. Would have liked to have not taken that loss or much less of loss but what to do.

 

Got a nice scalp then gave it back. Click the image to see more.
Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”