A little New Year update. First I hope you are all well, rested and ready for action. 2024 ahead and maybe, just maybe some Bullish action??? Or more sideways? I can build a case for either really.
Second, no matter what happens things are gonna get interesting over here. Not gonna do anything batshit crazy...still sticking with the same plan as far as trading goes but with the winter slowdown getting really slow this is my chance to see if things are real or not. I have a little Crypto account that was just for shits and giggles and has somehow turned into a decent stash. I will be liquidating that soon and more than doubling my Futures account size and possibilities.
What that means to me is that I can take 1 lot trades in other markets and just leave them alone while still "day trading" MES with enough capital...trades like the move that small caps made once they caught fire. Also allowing myself to buy another "big ass monitor" so I can include Oil, Gold and maybe 1 more in my periphery view only for those times that something super sweet is going on on the longer TF.
I am tweeking the game plan a little in that I am only starting with 1 lot trades for anything that might need an add...that being said I will have significantly more room to add in order to manage and am giving myself up to 10 lots total if my trade is actually working. That being said I am in no hurry to get a 10 lot on...my aim is simply to bump up the 'reality' factor as I am tired of not taking this thing seriously enough. I find myself throwing darts sometimes because my mind says "who cares about $50 bucks or something".
Time will tell but I am ready to step it up mentally and get after it. I know what I am looking for and need to wait for those moments to happen.
Today I did ok although the New Year PA not super clear and I was on guard for shenanigans. Got long the Open as I flet that trapped buyers would try to a move higher to escape... grabbed 4 and then BE as price slammed into a wall on Bar 1 close.
Then in Bar 5 close as it looked seriously weak. 1 lot at a BAD price. Was concerned after Bull surprise Bar 6 that 4800 test was coming but added after Bars 8/9 pushed below Open and out for peanuts as we slammed into a wall at the LOD.
Got short on a test of the EMA and was willing to add at HOD and higher but the strong run on NQ spooked me and I bailed for 5 point loss on 1 instead of adding. Then saw the great R:R trade below Bar 39 and grabbed 3 and 4.5 on the way down to the Open.
Done I think but still aware...pushing LOD and 4735, prior swing high, is calling below. The only thing that might make this new adventure possible is if I can take this thing way more seriously. I can't throw darts. I have to wait until I see that trade that is begging to be taken...and I haven't seen much like that today, except the short of the highs.