Sep 14, 2018 – Follow the Plan

Premarket Insight

Contract month rollover for many futures today. Indices (NQ, ES, YM, etc) as well as currency futures rolling over to Z (December). Not much action in the after hours leading up to the Retail Sales report at 08:30 ET. From my watchlist, NQ and GC got a slight bump in European market hours. Volume is a bit lighter than we’ve seen so far this month, more than likely due to the contract rollovers.

On the calendar today, Double Retail Sales reports at 08:30 ET.

 

COB Recap

Long story short, had a plan, let fear based off surprising price action get me away from my plan, got off to a bad start and had to climb my way back from not so much of a bad loss in a choppy market. Even with all the chop should have been green but it is what it is. After taking clawing my way back bit-by-bit to under $100 in the whole decided to just throw in the towel and keep myself in the green for the month. There’s still two weeks left in the month. I can make it up next week.

Enjoy your weekend everyone!

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Sep 13, 2018 – Minor Setback

Premarket Insight

Should be interesting to see how the market responds to Hurricane Florence. According to investing.com, energy, insurance, materials, and industrial stocks tend to get a boost in activity during natural disasters. So far, the European bulls came to play strong in the market.

On the calendar today, Core CPI at 08:30 ET. Fed is scheduled to speak at 10:00 ET but has low prediction of affecting the markets.

 

COB Recap

First red day of the month. Had some issues with my chart platform due to NQ rolling over to the next contract month automatically which resulted in me taking a scalp on the first trade that should have hit target.

Not too bad making it almost half the month without a losing today. In retrospect, might have been a bit too aggressive on a rollover day with how far the price had already pushed since the premarket. Price got super choppy before 11:00 ET. There’s a chance I could make it back but due to previous red days like this, just going to take my losses here and trade another day.

Today is the primary reason why I need to let my winners play out to hit the target. These losses wouldn’t have as big of an impact to my P/L.

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

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”