Aug 8, 2018 – Just Relax

Premarket Insight

This weekend just enjoyed time with family and didn’t look at a chart once. I find enjoying other areas of life is a great way to clear the mind for a fresh restart after having a very disappointing day like Friday. I know my mistakes and what I need to do. I’m ready. Yesterday is not today.

This week, the U.S. – China “trade war” continues, U.S. Inflation data on Friday, and the last major wave of earnings throughout the week. Today, nothing significant listed on the calendar.

 

At the Bell

NQ’s price action was all over the place in the first 15 minutes, so no trades placed so far. Waiting for a cleaner, more rational entry based strictly off my strategy.

 

COB Recap

Another red day, but I’m very pleased with how it went. I stayed patient and discipline. The market was just not on my side today and it’s okay. It was actually a very relaxed day. Feels like I traded the same as I would have as if I was paper trading. Small loss and satisfying seeing my confidence growing.

 

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”

 

Jul 31, 2018 – Down Swinging

Premarket Insight

Would love to have a great day today, but being realistic I’m not expecting to end the month in the green being so far in the red. Had I traded slightly different Friday and yesterday things would be different, but it is what it is.

Today, all eyes are on AAPL with it earnings report after the closing bell. I’ll decide later if I will try to play that or not. I haven’t been too impressed with earnings this quarter.

Other than that, there’s nothing significant on the calendar today and no other headlines pop out from what I checked to cause a stir in the market today. Just business as usual. Again, starting my trading after the open bell.

 

At the Bell

NQ opening bullish after some slight activity in the premarket. CL finally came out of the premarket chop strong bearish. I paper traded it successfully. NQ started about ten minutes before the bell with a strong bull move that continued in the first five minutes of the open. I wouldn’t be surprised to see some pullback from the strong drop of the last couple trading days.

 

COB Recap

Stopped trading after my successful trade on NQ hitting my target at 10:20 EST, bringing my P/L for the day to $520. With all the struggles recently didn’t want to give any of that up even if that meant missing out on a trade later on. Feeling like it’s better to end the month strong to carry over into the new trading month with a confidence boost.

At the end of the day, had I kept trading would have had one loss and one more win moving my P/L up another $200 on NQ. Could have had more losses CL so I’m not sweating it one bit. I just paper traded to scratch the itch (lol). Not a bad way to end a rough month. August is mine!!!

 

Not sure why it cut out half the trade, but click the image to see the full trade.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 27, 2018 – Caught Up

Premarket Insight

Another day of earnings down… and not a thing to show for it. This has been the most uneventful earnings season I’ve seen since I started day trading. AMZN earnings were released with very positive results yesterday but it did very little to move the market. Even in the after hours, Nasdaq Futures (NQ) only climbed 30 points (0.46%) at its peak with was only a touch and drop.

All this after the market was virtually dead yesterday during market hours, trading sideways with analysts over-hyping the tiny dip off FB earnings. Listening to CNBC would have something thinking the market dropped a whole 100%. Note to self, only listen to market news for pure entertainment. (That’s what it is anyway)

Looking forward, more earnings on the dock today with TWTR making headlines early as “sinking sharply”, which is actually very accurate, dropping 10 points in the premarket from disappointing earnings report.

Also, plenty more to bring some reviving life into the market with continued trade talk between U.S. and China, Crude Oil, and GDP to be release at 08:30 EST. Keeping a positive outlook on the day ahead.

 

At the Bell

Too much information dealing with earnings, GDP and Trump news kept me out of the premarket action, which is a good thing since the result was a whole heap of up/down action.

Major selloff in the opening 10 minutes after the bell but didn’t fit the setup I look for so no trade. Patience and good execution is the name of the game for me today.

 

 

COB Recap

The selloff continued, and I was able to catch some love once my indicators finally caught up. Took some hits on CL’s choppiness but made it all up with a nice continuation play on NQ. After that and seeing how my strategy was slowly reacting to the market, decided to call it a day early and just end the week on a positive note.

Have a great weekend everyone!

 

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”