Sep 13, 2018 – Minor Setback

Premarket Insight

Should be interesting to see how the market responds to Hurricane Florence. According to investing.com, energy, insurance, materials, and industrial stocks tend to get a boost in activity during natural disasters. So far, the European bulls came to play strong in the market.

On the calendar today, Core CPI at 08:30 ET. Fed is scheduled to speak at 10:00 ET but has low prediction of affecting the markets.

 

COB Recap

First red day of the month. Had some issues with my chart platform due to NQ rolling over to the next contract month automatically which resulted in me taking a scalp on the first trade that should have hit target.

Not too bad making it almost half the month without a losing today. In retrospect, might have been a bit too aggressive on a rollover day with how far the price had already pushed since the premarket. Price got super choppy before 11:00 ET. There’s a chance I could make it back but due to previous red days like this, just going to take my losses here and trade another day.

Today is the primary reason why I need to let my winners play out to hit the target. These losses wouldn’t have as big of an impact to my P/L.

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”

 

Aug 14, 2018 – This Feels Personal

Premarket Insight

Logging into my platform for the first time today at 08:00 EST, so far volume looks good across the board. Price action of NQ and CL pretty strong, bullish so far. NQ looks to be entering some retracement at this point.

Today’s action could be pivotal, watching yesterday’s low. Could be similar to what happened back in February and March. That volatility would bring in great, much needed, profit potential. And I feel ready more than ever.

Nothing significant on the calendar today.

 

COB Recap

I know it’s not, but starting to feel like CL got something personal against me. Managed to get me to my three-strike rule right before making the move in the direction I was playing it. And this time I played it perfectly, just kept getting stopped out in a channel. Needless to say, I’m beyond frustrated.

Did better with NQ but took a loss on the last trade as well giving me just $10 profit on the day from being up more than $100. What a day!!!

Tomorrow I will be trading only NQ, mainly due to my low account balance at this point. It’s imperative that I remember to stay consistent tomorrow.

 

Terrible timing. 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”

 

Aug 13, 2018 – Surprise, Surprise

Premarket Insight

New journal format, no longer doing the “At the bell” notes. This should help me focus by removing possible anxiety which leads to a FOMO play, either in the moment or later down the road because I missed something good in the first few minutes of the open. If I see something worth noting at that time, it will go in the COB Recap.

Spent most of the weekend just clearing my mind and emotions from the struggles of last week. Only reviewed some charts and my strategy a little just to verify some things.

So far today, market getting off to a strong start as has been the case for the past few weeks with good volume and volatility for the premarket. As usual, in the news more “trade wars” and the last bit of earnings to look out for. Hopefully we get some good volatility this week, however I feel fully prepared for whatever happens.

My main goal this week is to be consistent and disciplined with my strategy. Looking for the best entries and exits to give me the best opportunities by the design of my strategy. As far as the crippling fear, I have to keep in mind that it will take 10 full risk unit losses in a row to blow out my account, so I have absolutely nothing to worry about with how unlikely that is to happen.

 

COB Recap

Well, NQ was much better than every day last week. Actually, much better than I was expecting which resulted in me missing an entry that would have hit target. It’s all good because I later got in for half of the profit.

Now for my enemy CL (LOL). It took all of that above stated profit plus some before deciding to drop on a move that I never had a strategy-based entry. Needless to say, I’m beyond pissed with CL today. But have to remember that moves like this are rare and stick to my strategy which is better for the norm. I will get my revenge!!! Bwahahahahaaaa!

I didn’t lose much today so it’s all good. Stay consistent and disciplined all week. ?

 

Keeping it positive. 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”