Aug 8, 2018 – Just Relax

Premarket Insight

This weekend just enjoyed time with family and didn’t look at a chart once. I find enjoying other areas of life is a great way to clear the mind for a fresh restart after having a very disappointing day like Friday. I know my mistakes and what I need to do. I’m ready. Yesterday is not today.

This week, the U.S. – China “trade war” continues, U.S. Inflation data on Friday, and the last major wave of earnings throughout the week. Today, nothing significant listed on the calendar.

 

At the Bell

NQ’s price action was all over the place in the first 15 minutes, so no trades placed so far. Waiting for a cleaner, more rational entry based strictly off my strategy.

 

COB Recap

Another red day, but I’m very pleased with how it went. I stayed patient and discipline. The market was just not on my side today and it’s okay. It was actually a very relaxed day. Feels like I traded the same as I would have as if I was paper trading. Small loss and satisfying seeing my confidence growing.

 

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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 27, 2018 – Caught Up

Premarket Insight

Another day of earnings down… and not a thing to show for it. This has been the most uneventful earnings season I’ve seen since I started day trading. AMZN earnings were released with very positive results yesterday but it did very little to move the market. Even in the after hours, Nasdaq Futures (NQ) only climbed 30 points (0.46%) at its peak with was only a touch and drop.

All this after the market was virtually dead yesterday during market hours, trading sideways with analysts over-hyping the tiny dip off FB earnings. Listening to CNBC would have something thinking the market dropped a whole 100%. Note to self, only listen to market news for pure entertainment. (That’s what it is anyway)

Looking forward, more earnings on the dock today with TWTR making headlines early as “sinking sharply”, which is actually very accurate, dropping 10 points in the premarket from disappointing earnings report.

Also, plenty more to bring some reviving life into the market with continued trade talk between U.S. and China, Crude Oil, and GDP to be release at 08:30 EST. Keeping a positive outlook on the day ahead.

 

At the Bell

Too much information dealing with earnings, GDP and Trump news kept me out of the premarket action, which is a good thing since the result was a whole heap of up/down action.

Major selloff in the opening 10 minutes after the bell but didn’t fit the setup I look for so no trade. Patience and good execution is the name of the game for me today.

 

 

COB Recap

The selloff continued, and I was able to catch some love once my indicators finally caught up. Took some hits on CL’s choppiness but made it all up with a nice continuation play on NQ. After that and seeing how my strategy was slowly reacting to the market, decided to call it a day early and just end the week on a positive note.

Have a great 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”

 

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”