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.

 

Click the image for more detail.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

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.

 

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 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”