“Trading Psychology is BS!” The Undeniable Importance of Trading Psychology

Dec 6, 2018 – Doing Too Much

Premarket insight for today’s Futures market with technical analysis of Nasdaq, Crude Oil, Gold, and Euro Fx futures. Daily affirmations and preparations are always a bonus! ?

 

Key Points for Today’s Premarket Insight:
  • Markets dip strong with Huawei arrest concerns
  • Volume strength strong with 2 contracts over 100k:
    • CLF19
    • NQZ18
  • Economic Outlook
    • PMI
    • Crude Oil Inventories
    • Nonfarm Employment

 


Stay calm, plan the trade, and trade the plan.

 

COB Recap

Total profit = $95

  • Scalps
  • Choppy open
  • Patience

 

Ended up cheating myself in the long run over-managing my trades. Took two trades on RTY and one on NQ. Overall good to be green, but seriously need to trash this habit of over-managing my trades.

 

There’s a good chance we have more stable action in the afternoon with the morning non-directional volatility. #notrends

 


 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

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