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

Nov 15, 2018 – Battle Hours

Premarket Insight

With the retail sales for Economic Outlook, Walmart (WMT) gets the spotlight for retail earnings today before the open, accompanied by tech stock Nvidia (NVDA) after the close. Nasdaq futures retracing about 50% of yesterday’s selloff, showing strong support at 6760. Look for a retest before the main drop if we break that area bearish on continued selloff. Keeping an opened mind, we could easily trade in either direction from here.

 

Premarket volume check showing moderate strength as volume has shifted from CL. Futures contracts NQZ18 and 6EZ18 above the 100k volume mark before 08:00 EST.   Crude oil, Gold, and Euro Fx futures trading sideways with 6E trading in a wide range of about 160 ticks.

 

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

 

COB Recap

Total profit $120 – all TST.

 

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Please follow and like us:

Share this post