Jul 2, 2018 – Passive Action

Premarket Insight

Eager to get this week started from my weekend study and practice sessions, along with the improvements I made with my execution strategy. However, I am planning to move my start time back a bit to about 7 or 8 AM EST mainly due to the fact that I don’t typically get many good opportunities before this time. Of course, the best opportunities present themselves during normal market hours.

Even though this is going to be a short week it’s not short on news with the market focused on Trump’s involvement with global “trade wars” and oil agreement with Saudi Arabia. Historically, this time of the year is fairly uneventful based on seasoned traders’ sentiment, but this year may be different. (fingers crossed)

As far as the calendar, nothing significant sticks out today. Very interestingly, the markets (looking at NQ – Nasdaq Futures) started off the week early with a major selloff down more than 0.65%.

 

At the Bell

Caught a winner on CL premarket, entering the bell with my 2nd play. NQ continued to sell off in the premarket with a big dip right before the open. May end up watching NQ more today than playing, depending on what CL does.

 

COB Recap

Took a loss on that play on CL at the open then got way too passive with CL’s choppiness. Missed at least 3 opportunities on NQ in my live account but I did paper trade it with success. Good reason to chill on all the passiveness. Should have ended the day with $760! Good motivation for moving forward. Still, green is green so I can’t complain! #NextTime

 

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Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 29, 2018 – Late to the Party

Premarket Insight

Last trading day of the month and others are expecting a slow market next week. However, I remember the same sentiment for the week of Thanksgiving last year, yet the market gave some of the best, easiest opportunities I’ve ever seen. So, I will stay ready.

Since last night I’ve been taking a deep look at CL and have noticed (late as usual) CL gives great opportunities every day. Officially I’ve decided to give my primary focus to playing CL, premarket and after the bell. This should allow me to grow my account to where I can play CL and NQ at the same time, fulfilling margin requirements for each. Or maybe I just trade multiple contracts on CL. But I do like trading NQ even though I have been struggling with it as of late.

Nothing significant on the calendar today. Volume looks decent across the board for my watchlist.

 

At the Bell

Premarket action, got one win off CL that took a while to get with the choppiness. Entry should have been sooner, but one of my indicators had me a bit hesitant. NQ has been trading in a range in the premarket. Trader sentiment from other traders is bullish predictions with eagerness to see what happens Monday based on historical events around the 4th of July.

Even though I have green lighted CL for market hours, I will stick to my rule of no trades in the first 10 minutes after the bell.

 

COB Recap

Feeling late to the party. Of course, CL picks today to have a ton of false breakouts that I’ve rarely seen in all my studies. Still today I was disciplined but would have been nice if that disciplined actually translated into big gains. It’s all good, it will work eventually.

One takeaway, exception to the ten-minute rule when CL is already trending. Catching that move would have changed a lot.

I actually ended the day with more wins than losses but those two false breakouts and strong volatility in a range bound day destroyed my green day. Next time… Next time.

 

Have a blessed weekend!

 

Wanted to end the month on a positive note. 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”

 

Jun 28, 2018 – Fifty Fifty

Premarket Insight

Logging into my platform today, GC and CL looking a bit choppy again like yesterday trending nicely on the daily chart. GC trending bearish and CL bullish. Primary focus is on CL which seems to be more stable lately, unlike GC that keeps filling me on 1 min super wicks.

My main focus today will be trading with discipline regardless what instrument I trade. Need major improvement on my exit discipline, which is what I have been working on since yesterday’s afternoon session. Had I traded in the morning session the way I did in the afternoon with paper money, yesterday would have been green.

On the calendar today, GDP report at 08:30 EST. Volume so far is strong, but I have no predictions how this may affect the market volatility, if at all.

 

At the Bell

Got a little cushion in the premarket with CL. Had two plays, one win and one loss, making a mistake on the first and making it up on the second. Right before the open, strong volume in the market (NQ) with good volatility. Could be another day of good selloff which has started in the premarket. Have to remember to stay prepared for anything.

 

COB Recap

Ended the morning session the way I started, taking another win and loss on NQ breaking even. Took a loss on a false breakout which in retrospect was not a good place to enter. Made it up on the bearish side with a quick scalp, made possible by the one and only discipline!

Not a big green day, yet a huge day for my trading as all of my plays were disciplined even though I made some mistakes being a little too aggressive. Actually, I got frozen with all the choppiness and missed a couple of good opportunities that would have significantly changed the tone of my green day. Good to see the volatility back in the market though. It would be nice if the volatility was directional.

 

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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”