Incredible. Must determine if I can trade Micro E-Minis in premarket. My levels on /ES work out so frequently, with such consistency, that I feel frustration and a tinge of FOMO not trading them in some capacity. Technical patterns appear with abounding clarity on /es & more often than not…
Year: 2022
Study Journal | 7.5.2022 | Tuesday
Question is how does oil affect inflation? What is the correlation between oil & inflation? What is the correlation between oil & the economy From what I’m learning, it seems to be just that everything runs on oil, to a heretofore unfathomably massive degree. The world is truly reliant on…
Study Journal | 7.3.2022 | Sunday
The margin is intrinsic in futures contracts. When you buy a future’s contract the margin is intrinsic in the contract size. For /ES it’s 50x margin. You must choose appropriate expiration contracts before trading. Inherent leverage. Setting up TOS for Futures Trading Video. Helpful in understanding active trader & more.…
Study Journal | 7.2.2022 | Saturday
Beginning to study futures in TOS Started with farmers, commodity producers. Farmers lock in a price for their goods in advance, offsetting risk. Hedgers. Airlines use futures to protect against rising costs of fuel. Buy contracts to lock in price. Speculators provide liquidity for the markets. They keep the market…
Study Journal | 7.1.2022 | Friday
Watching Stanley Druckenmiller Interview He says to determine state of economy & market, to gain insight into where things are heading to ‘Look at industries, which lead which lag & you put the puzzle together.’ Druckenmiller says inside of the stock market is Home Builders Stocks Trucking Stocks Retail Look…
Trade Journal | 6.30.2022 | Thu. | $2.34
Decent trade logic , but overall relatively poor performance, however I had a specific goal & I was trading with hyper caution & tight stops to not end the month under my first goal which I’d reached & without giving back any significant profit proportionate to my current performance. This…
Trade Journal | 6.28.2022 | Tue. | $7.08
Did not follow regular routine for day, woke up late with no plan to trade, Happened to have the charts open from having been looking into futures the day before (the day I got called by TD Ameritrade agent letting me know that site was going to be changing to…
Trade Journal | 6.22.2022 | Wed. | -$6.09
Overall poor performance, had the thought during pre market charting that this was maybe a no trade day, though I’ve not really taken such days, but if ever were a day for me to not trade it was today: I didn’t see many compelling setups in the premarket, which should…
Charting Journal | 6.22.2022 | Wednesday
Most sectors gapping down, everyone except potentially consumer discretionary which looks like it will open flat. Each sector rebounded yesterday, but all on relatively weak volume. /ES has almost given back all of its gains from yesterday already in premarket & is approaching significant 3700 level for it’s now 4th…
Trade Journal | 6.21.2022 | Tue. | $3.35
Good plays outweighed bad, but bad play was disproportionately larger than good. Also, was down bad & should have given more stock perhaps to walking away, but it worked out today. Writing this journal day after the fact, need to do better about at least noting thoughts down immediately after…
Charting Journal | 6.21.2022 | Tuesday
Spent the morning restructuring remainder of chart layouts. Was able to look at charts in doing this but not as thoroughly as usual morning game plans. Most indicie & sectors seeing gap up & there seems to be strength holding in /ES. Information technology looks promising, as well as communication…
Charting Journal | 6.19.2022 | Sunday
Determining how to build layout for sector charts, & how to begin incorporating names with high option volume into daily routine. Strategy is to begin trading names with high option activity, but trading the shares of those names, until perhaps sometime next year where I’m in a place that employing…
Charting Journal | 6.17.2022 | Friday
Criteria for Bear flag look to be forming on /ES daily, Massive volume sell off, brief consolidation & continuation looks imminent, though there is some recalcitrant strength to the upside today in what could manifest as a vicious relief rally. Caution, as always, must be exercised. Every individual is seeing…
Game Plan | 6.17.2022 | Friday
Information Technology Consistent grinding up after hours & pre market. /ES near critical 3700 level, if it can hold above this there may be no immediate obstruction for some upside flourishes to present themselves in this sector. ORCL | Approaching considerable 70 daily level. If market strength holds & name…
Trade Journal | 6.17.2022 | Fri. | $13.20
You were able to make a comeback, & of the poor trades you made, you also made one of your best trades to date. You executed on your resolve to hold trades until there were reasonable & measurable reasons to exit & while you took some pain from such rules,…
Charting Journal | 6.16.2022 | Thursday
Every sector has gapped down, /ES holding at significant 3700 level, demand seemingly absorbing enough supply to push price back up at this level Information Technology Bounced at old trendline that had formed wedge, Gapped down overnight, showing tepid strength in premarket, but /ES holding above key level could encourage…
Game Plan | 6.16.2022 | Thursday
Information Technology Bounced at old trendline that had formed wedge, Gapped down overnight, showing tepid strength in premarket, but /ES holding above key level could encourage demand here. Could be day of churning. ORCL | Gapped down & holding just below hourly level. Below is considerable gap area & this…
Trade Journal | 6.16.2022 | Thu. | $13.70
Great home depot trade, & potential for what should have been great NVDA trade but weenied out. Luckily made back what you lost, but there shouldn’t have been a loss in the first place. this was a perfect example of where rules of conviction & specific rules for when to…
Trade Journal | 6.15.2022 | Wed. | $3.89
It’s almost not worth taking sub bar setups, or if you’re going to take them just go light. It’s well enough that you’re still in a relatively experimental phase & are still teasing out your style & the market you’re in, but when there are not clear cut setups, you’re…
Charting Journal | 6.15.2022 | Wednesday
Jesus, Utilities dumped even more. Just another fine example that there is no such thing as stock or even a sector that has “fallen too far it has to bounce.” This was one of the sectors I neglected to watch for trading yesterday because this, even if subconsciously, was what…