Jul 26, 2018 – Earnings Galore

Premarket Insight

Yea… So… Yesterday’s afternoon didn’t quite play out so well for me. Market surprised me with a super strong bullish pop on the US-EU trade news, thanks Trump, which I missed all of. Almost caught one last pop but too slow. Then on a disappointing FB earnings, not a thing happened only catching a scalp before the market was halted due to major 50-point selloff off from the earlier surge. Oh well, there will be plenty of more trades to take. Should be interesting how this affects the market today.

Other than that, more earnings are on deck to be released today with 74 of the big names coming from the S&P before the open to include McDonalds (MCD), Mastercard (MA), and Southwest Airlines (LUV). However, what will most likely be in most traders’ sights today is Amazon (AMZN) to be released after the closing bell. Coming off the NASDAQ, Amazon will have plenty of company from Starbucks (SBUX), Electronic Arts (EA), Chipotle (CMG) and more.

On the calendar today, Core Durable Goods Orders at 08:30 EST, which I’m assuming will not make an significant impact to the market today with today’s earnings lineup.

 

At the Bell

Coming off two days where I stopped trading too soon, missing moves that would have turned my red into green, my main focus today will be taking every good setup until lunch. This is why I opted not to take any premarket trades, conserving that focus and energy for the normal U.S. market hours.

I’m at a point now where I’m confident enough in my strategy to where I should be able to find success in a strong trend or indecision. Physical fitness done. Meditation complete. Positive vibes and outlook.

 

COB Recap

Got off to a crazy start! First two trades resulted in a profit of $20 for the day before I realized they were place on my paper trading side. (LOL) The one and only time I’ve ever been happy I did not hit my target on a trade.

After I got my platform together to trade from my live account, only took two scalps on NQ in a very slow grind as the market wasn’t moving anywhere. CL was also low on energy, barely trading in a tight range, lulling me to sleep before it finally popped around 10:40 EST, in which I missed. Taking my small profits here just for the green and I will be back later for the AMZN earnings report. Good to finally see some green on the screen after a long cold streak.

 

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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”

 

Jul 25, 2018 – Needs Improvement

Premarket Insight

Getting started a bit late today with workout and tending to other business, but it’s ok because I was planning on going live trading at the bell.

So far, NQ and CL (my playlist for today) price action is a bit choppy but directional. Light volume for NQ today, relative to recent days as of 08:30 EST. However, with US-EU trade talks and earnings from Facebook, Boeing and plenty of others, there is plenty of reason for the markets to move significantly today.

On the calendar, New Home Sales at 10:00 EST.

 

At the Bell

After digging deeper into the news and seeing disappointing results from premarket earnings reports, markets may be a bit stale on this light volume until the FB report after the close. Approaching the bell, NQ is trading in about a 20-point range.

 

COB Recap

Sigh… The cold streak continues with another round of choppiness. Some poor executions and missed opportunities resulted in another day in the red down $300.  Completely got thrown off my game with all the up/down action. Will be another afternoon session of getting in practice shots for me. #NextTime

I may play the Facebook earnings report after the close. Results will be posted in tomorrows journal entry if that happens.

 

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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”

 

Jul 24, 2018 – Scrimmage

Premarket Insight

Did a bit of in-depth studying last night with some replay back trading. Feeling good about my plan and strategy for today.

Again, CL got off to an early start, this time bullish, jumping more than 66 ticks (0.45%) as of 07:25 EST. NQ currently just trading sideways after the big push bullish from GOOGL’s earnings report “smashing” expectations after yesterday’s closing bell. Good chance that push continues today, in my opinion.

Nothing interesting on the calendar today. However, a slew of earnings from HOG, VZ, LMT, MMM, UTX, and BIIB, to be released before the bell, should be more than enough to give some life to the market.

 

At the Bell

Didn’t take any live trades premarket but I did successfully exercise what I studied and practiced yesterday through paper trading. NQ started a bullish run in the premarket beginning after 08:00 EST but didn’t do much in the first five minutes after the bell. Looking over-bought based on the $TICK. And as soon as I typed that it took off strong bullish (LOL). Guess the $TICK just meant more buyers were coming in. I will be looking for some pullback for entry as I already missed where I would have preferred to enter due to time based rules.

 

COB Recap

Was a little too impatient on my first play which was the play that put the red in my day. Other than that, the improvements made to my execution really helped and I did much better than the past few days on this cold streak. Missed one on CL and NQ, in which the NQ was simply due to me having to step away from the computer for a second. Time will take care of what happened with CL as I continue to improve my skills. Overall satisfied with the day. The focus is on perfecting the execution, not the P/L column which will be taken care of with perfect execution and discipline.

 

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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”