Premarket Insight
Spent some time this weekend getting some practice in using Think Or Swim’s back trading feature OnDemand. (Will review this and the platform later). Wanted to focus on perfecting my execution and looking for best setups. Today the focus will be on just that. The goal is to not have any mistakes this week.
Looking at NQ, it gapped up about 15 points (61 ticks) over the weekend. The volume is low and price action seems a bit choppy similar to last week. Also, light volume with other futures contracts (GC, CL, and 6E).
At the Bell
Missed an opportunity to take a bear play premarket. Decided not to take it because it wasn’t the best setup that I was looking for. Wouldn’t have been an easy trade so it’s all good.
EOD Recap
Starting the week off really weak NQ only had a small push bearish at the open pushing strong off Friday’s high. However, I was unable to capitalize having only myself to blame. First play got in too early resulting in a stop out. Then re-entered at a great location, at the break of 7200. My mistake here was lack of patience and not letting it play out. Let fear get the best of me instead of just trusting the process. Feeling the pressure from all the losses last week. (sigh) Robot trading is a must.
