Sep 17, 2018 – Hurdles

Premarket Insight

Volume seems a bit low for a Monday as of 07:50 ET as I do my volume check. Seems to be a bit of hesitation in the markets due to continuation of “trade war” tariffs talk between the U.S. and China. At this point, NQ pretty much trading sideways with no real volatility, volume at 40k. Fingers crossed for things to pick up at the open.

Nothing significant on the calendar today.

 

COB Recap

Super volatile price action at the open tricked me and I missed my entry for a short trade I had setup but removed because it seemed price action was reversing. Feeling frustration from that I ended up over-managing later trades and decided to end my day early after the second scalp. Took away $50 but should have been $400 had I let those trades play out per the strategy. I seriously need to get over this hurdle of over-managing my trades.

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Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Sep 14, 2018 – Follow the Plan

Premarket Insight

Contract month rollover for many futures today. Indices (NQ, ES, YM, etc) as well as currency futures rolling over to Z (December). Not much action in the after hours leading up to the Retail Sales report at 08:30 ET. From my watchlist, NQ and GC got a slight bump in European market hours. Volume is a bit lighter than we’ve seen so far this month, more than likely due to the contract rollovers.

On the calendar today, Double Retail Sales reports at 08:30 ET.

 

COB Recap

Long story short, had a plan, let fear based off surprising price action get me away from my plan, got off to a bad start and had to climb my way back from not so much of a bad loss in a choppy market. Even with all the chop should have been green but it is what it is. After taking clawing my way back bit-by-bit to under $100 in the whole decided to just throw in the towel and keep myself in the green for the month. There’s still two weeks left in the month. I can make it up next week.

Enjoy your weekend everyone!

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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”

 

Sep 12, 2018 – Improvement

Premarket Insight

NQ has a decent bit of selloff in the premarket after the bearish push in the Euro hours. Current volume as of 09:00 ET is pretty strong for this timeframe. Market showing potential to be an interesting day.

On the calendar today, Core PPI at 08:30 ET and Crude Oil Inventories at 10:30 ET.

 

COB Recap

It was another day of strong but odd early selloff out the gate as the bell rang. My first trade, I ended up screwing myself yet again for just a small scalp that should have been a play that hit target.

The next play I took I almost had to literally sit on my hands to keep myself from jumping out of the trade too soon. What I’ve noticed from the past few weeks of trading is the selloff typically happens much faster, stronger, and irrational than strong bullish days.

I was done before 10:30 for a profit of the day of $180. Could have easily been $350 but I’m not complaining. Just need to keep myself from taking myself out of trades too soon moving forward. The way I have my strategy setup with my broker will take care of erratic price action a majority of the time. Discipline for my entries have improved drastically, so I have no reason to be over-managing these trades so much.

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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”