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”

 

May 23, 2018 – Passive Aggression

Premarket Insight

At the start of my trading time, NQ has moved bearish more than 70 points (1.03%) since yesterday’s close. Also, volume is much stronger today. This premarket bear move well below the daily support the price was bouncing off of all week.

Leading up to this time, I did a little back trading to verify I was using the correct method to play my strategy.

Economic calendar showing 3 significant events taking place today: New Home Sales @ 10:00, Crude Oil Inventories @ 10:30, and Fed news @ 14:00. Making mental notes to be aware of these time frames but will stick to playing strategy as designed.

 

At the Bell

A little too aggressive in the premarket taking 2 losses. Just like the last few trading days, price staying consolidated after early push before 6am. Focusing to breathe and not get frustrated. Maybe should have sat on the sidelines before the bell as I wasn’t really expecting much from the early premarket action. Was just hoping to catch a small scalp or two.

NQ shot out the gate strong bullish right at the open. Staying patient and disciplined to 10 min rule. And regret sets in as I sit and watch almost all of the bearish ground retraced within those 1st ten minutes.

 

COB Recap

After the big open bell pop, was able to catch some scalps on some resistance breaks and bullish bounce. Wasn’t as profitable as I could have been if I had more stop trail discipline for the bullish bounce.

A little frustration from last couple of days when I was aggressive with entry, trades didn’t work at all. But today in market hours, I’m a little more passive with entry but would have worked out better being aggressive. For example, the last play you can see in the chart below, had my entry been just a couple points sooner I would have hit my scalp target.

It is what it is I guess. To live and trade another day.

 

Click here for more of my plays today.

Rob

Mv3 Trader

“Trade Consciously”

 

May 22, 2018 – Scalp City Y’all

Premarket Insight

Logged into my platform to see NQ had started a really nice bull run since 3:30. At this time (6am) it’s up more than 20 points and still going. However, volume is lower than yesterday. Interested to see how this unfolds throughout the rest of the day.

Already checked the economic calendar for events happening today. Nothing highly significant to be aware of today according to investing.com.

 

At the Bell

So unsurprisingly, after that nice bullish move before 6am, the market pretty much died and practically traded sideways until the open bell. Only attempted on premarket trade for a small loss.

 

COB Recap

Bright note of the day, all this choppy lack of energy in the market is definitely helping me improve. I missed one 1R play from miss-judging price movement, which isn’t hard to do in this market, but I am getting much better with my execution. Now if only the market momentum could return to what we were seeing about a month ago. Would really love the volatility we saw back in February. #Ready

 

There was one more play at 11:44 but for some reason couldn’t get TraderVue to display it on the chart. Will put link to this trade below.

Rob

Mv3 Trader

“Trade Consciously”