Lately I have been waking a bit early on days when the market has some news out at 8:30am. I like the slow behavior leading up to the numbers and how you’re almost guaranteed some kind of order flow just ahead of, during, and after the announcement. I also enjoy going through my 10-20 morning rituals extra early, during the magical and transient moments of sunrise.
Today I was long coming into the opening bell, which seldom happens, but I traded two of my opening sequence trades from this position and did some disgusting things to the market. I held true to my morning goal, a simple goal: Walk in, Fuck shit up, Walk out.
Looking at the statistics behind several hundred trades, I can tell you Friday and Wednesday are my worst two days for scalping. Therefore, If I put up solid numbers early on either day I stop after any small loser.
You would think a slow up drift tape would be easy pickings for a trading but the slow action can be deceiving, especially if you have a twisted bias or cannot justify your actions via a hypothesis. The harder you work on the somewhat grey field of context, the better you’ll find your 5-6 trade pictures working.
The market went range extension up 4 out of the last 5 days. There’s a consensus some air needs to come out of this rally. And Monday is the first of the month. I like pushing risk through the start of the month.
So I will.
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I suggest you hit, sir.
I too like to live dangerously
This is the funniest SH!t I have read in years..Just saying!! New to the biotech game and ((BAM)).. Winning!!! Hahah
Feb. 27 at 9:24 PM Partridge
Old Turkey
$IBB $FBT the best sector to find definition difference between gambling & speculation.. but it requires work… average trader is too lazy
Ahh.. Brilliant!
You missed the ‘Big Boat’ half a decade ago..yes you did!
Like a dream come true..