May 29, 2018 – Italy Selloff

Premarket Insight

Yesterday being a holiday, the futures market was open for half the day. There was a little action with a little traffic that could have actually been playable. I just like to not trade on these days, but I have seen from my experience these half-days are actually playable.

Today, before 6 am EST, NQ had major selloff with much more volume than we’ve seen lately. It’s down .61% on 88K of volume. Major activity in premarket turned out to be due to news on Italy.

Did a lot of studying and adjusting this weekend, so I’m super ready. Let’s do this!

 

At the Bell

After big premarket action, open of the market showing typical action as of late with the exception of a lot of volume. NQ basically trading in the range created in the big premarket selloff.

 

COB Recap

Was only able to catch two scalps with the dull market after the bell. However, bright note, the adjustments I made to my strategy over the weekend helped out a lot. Keep in mind, I didn’t change a thing about the core of my strategy. Just made an improvement. Like adding a part to a car to improve the performance.

Not a bad day. 🙂

 

Rob

Mv3 Trader

“Trade Consciously”

 

May 25, 2018 – Simple Math

Premarket Insight

Logging in to my platform, so far, NQ looking to be range bound in the premarket today. We’ll see what happens. Maybe I just paper trade before the bell again today while working on my swing trading strategy.

Two significant things on the calendar today: 8:30 Core Durable Goods Orders report, 9:20 Fed Chair Powell Speaks. Fed news should have good effect on market.

8:30 news had no effect on the market. However, today would have been decent day to trade premarket. Had some good paper trade plays while working on swing strategy in the premarket.

 

At the Bell

Approaching the bell, the Fed news hasn’t had much on market either. The bearish slow grind premarket only came to an end…

And not much else happened. First 10 minutes, more range bouncing between, 6965 and 6942. Price hovering yesterday’s close.

 

COB Recap

Welp, not much at all happened today. Very boring uneventful day. Even the trading room was super quiet. One loss plus two small wins times lack of discipline equals red day. Is it Tuesday yet?…

 

Have a blessed and safe Memorial Day.

 

Rob

Mv3 Trader

“Trade Consciously”

 

May 24,2018 – Trump and the Bears

Premarket Insight

Five days left in the trading month. Focus for the remainder of the month is to be disciplined with no more red days.

Retrospect from yesterday, I should have had a much more profitable day. Things I could have changed: been a little less aggressive in the premarket with there being such a big move before I started trading. Been more aggressive with my entry in the market hours with there being “normal” volume back in the market. Exercised more discipline with my exit strategy.

Could have capitalized on 1400 Fed news. Typically I don’t trade the afternoon, but with this catalyst had a good opportunity to get as much as an additional 2R.

Today thinking to only paper trade in the premarket and trade in live account at the bell. We’ll see how the market looks at 6am.

…And of course today would have been a good day to trade premarket. When I finally sat down at my trading desk at 7:00, caught a successful paper trade.

 

At the Bell

Not a whole lot happened in the premarket before the bell. Volume looking average and seems price will be pretty much consolidated for a few mins while it battles at yesterday’s close.

Only significant news on the calendar today is at 10:00 so hopefully this will bring some volatility into the market before lunch.

 

COB Recap

Got off to a rough start with a mistake entering my order and then first play not working out. Recovered some of the loses not long after thanks to volatility. Apparently (as reported in chatroom), the super volatile dip before 10:00 was due to Trump news canceling meeting with Kim Jong Un. At any rate, caught two scalps off the dip.

Overall, not a terrible day. Could have been much better had I avoided that earlier mistake. But still happy I was able to end the day green. Adjusted the configurations in trading platform so this should be an issue anymore. All apart of the process I guess. #TrustTheProcess

 

Rob

Mv3 Trader

“Trade Consciously”