Jul 23, 2018 – Chopped to Submission

Premarket Insight

Monday, Monday, Monday! CL made a strong move early in the Euro market hours moving more than 80 ticks. I’m sure based off crude oil news over the weekend.

Should be another eventful week with more trade war news, Trump tweets, and more major earnings. This week’s earnings include Google, Facebook, and Amazon which should have significant impact on the Nasdaq. (fingers crossed)

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

 

At the Bell

Only took one play on CL getting stopped out on a potential reverse of the premarket bull run. It was a long shot but met all the requirements of my strategy so had to take it for trigger fear prevention.

Volume looking decent but not much has happened with NQ as of yet. I missed a play on GC in the premarket but did take a successful paper trade on the continuation of that move. Good practice for the morning session of the open.

 

COB Recap

Calling it early again today, accepting the defeat with all the chop. Out of 6 trades only caught 2 winners, one both pretty much scalps but nowhere enough to get me off to a green start for the week. I may be down but I’m definitely not out. Good thing is I didn’t make any mistakes and had good patience. Just not the day for my strategy. Down but never out.

 

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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 20, 2018 – Whoa, Anxiety

Premarket Insight

Volume looking pretty strong early today with NQ over 62K before 08:00 EST (my start time). Nothing on the calendar for today but still could be an interesting day with this volume, plus there has been decent movement already mostly bearish. Again, may wait for the market to open before taking a trade just for capital preservation. The moves are typically better after the bell.

Some pretty interesting earnings will be released today: Microsoft, GE, Honeywell and Skechers.

 

At the Bell

Didn’t take a play in the premarket and a good thing because everything in NQ would have been a loser. However, that may have made me a tad wee bit anxious by the time the market opened because I started placing orders totally outside of my strategy like a complete idiot. LOL

 

COB Recap

Started the day red, took some good trades after getting myself together but never completely recovered. Actually, could have if I wouldn’t have loss my discipline feeling the after-effects of those early bad trades and overmanaged what would have been a very successful trade.

On another note, finally made the transition completely over to the new AMP account. Will still keep Generic Trade open in case I find a use for it later.

What an “interesting” week it has been. Even though I’m ending the day red, I’m still growing, making small improvements with each mistake and failure to become a better trader. As long as the world doesn’t end over the weekend, there will always be Monday!

 

The big mistake. 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 16, 2018 – Scalp Master

Premarket Insight

Monday has returned for a week that should be jam packed with volatile action. Of course, there’s the continuation of trade wars, but the bigger highlight is the first big week of Q2 earnings week with market moves such as Bank of American (BAC), Netflix (NFLX) and Goldman Sachs, among many others, reporting this week.

Also, the Trump-Putin Summit today, Fed news on Tuesday, and China’s Q2 GDP are additional headlines that could give the market a strong push in either direction. As always, my motto is to be ready for anything.

CL got a strong start early, already down more than 70 ticks as of 07:00 EST. Even though CL got the strong start, volume across the board is pretty light.

On the calendar today, Retail Sales and Core Retail Sales at 08:30

 

At the Bell

Only got a small winner off CL on a continuation play after missing the first possible play that would have been a winner in the premarket. Then, out of my mind, took a play on CL right at the open at 09:30 EST that was an immediate loser. Don’t know what I was thinking about taking a play at the bell like that.

NQ mostly bouncing in the premarket and jumping long out of consolidation in the first 5 minutes of the open. Volume still weak, especially on NQ.

 

COB Recap

Completely off my game today. Missed all the would be target plays and only caught some scalps. Even a play around 11:30 EST that would have hit target and got me back in the green today. Took it in a paper trade with ease that quickly worked out.

Should have ended the day up more than $1,100 but best I can do at this point is take it as another learning lesson and do better next time. Having off days is just part of the game. Hoping the stars will be aligned in my favor tomorrow.

 

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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”