Today we had some nice signal clusters that provided good opportunities. The first was marked “1” in Globex, that was my best trade. I took 3 pts and was surprised to see it drop down much further and even more surprised to see it bounce right back up. That was a clue. I tried a couple more, scratching them and the market went up.
In RTH my plan was to short around 71. I made a mistake and didn’t wait for that and entered with bad trade location. When it got to 69 I added but when it stalled at 68 which was my avg cost I bailed. I should have given it more time but I was not in a good position so I don’t mind getting out and learning the lesson – be patient and wait for good levels.
ES went down to the support level but by then everyone had lost interest and we didn’t get much of a bounce. Overall a very slow lazy day of rest after the sprint yesterday.
One subscriber had a great short off the cluster of short signals at 69 and made enough to pay for over 2 months of membership just on one trade. He did better than I did on that one and I think that’s fantastic. With a common set of tools, we can learn from each other much easier. And that’s the goal. Facilitate collaboration with common tools & methods. I’ll be writing more on this later.
Tomorrow is my last day before vacation. I’ll take a week off and then trade the first 2 hours with the west coast gang. I’ll be up at 6am anyway due to jetlag!