Trading Block

Trading Strategy: Trading Notes: Alright, let's kick of 2023's trading year. Patience waiting for the right trade setups, adhering to risk management principles, and remaining disciplined will be just as important in '23 as it was in '22. I plan to let the market settle in for the first 30 minutes to an hour of trading

Trading Strategy: Trading Notes: Last trading day of the year! If you have been trading all year long - then you made it! That is an accomplishment in itself. And looking back at 2022, its been a very satisfying feeling, with all of its ups and downs, to come out on top profitable at the

Trading Strategy: Trading Notes: With yesterday's price action to the downside, $QQQ continued its downward trend, but $SPY fell right to the cusp of a breakdown. However, with today's pre-market price action, looking positive so far, if it holds, would keep price action for $SPY contained for a 9th straight trading session. As mentioned before, it is one of the

Trading Strategy: Trading Notes: Now we are in the 7th day of consolidation on $SPY, while $QQQ continues to trend lower. SPY is struggling to find any real direction with the low volume in the market as a whole due to seasonality factors. Until there is better direction coming out of the market as a whole, it becomes very

Trading Strategy: Trading Notes: While it may be the 'most wonderful time of the year', it certainly isn't the most exciting time of the year when it comes to trading in the stock market. Christmas week and the last trading week of the year are two weeks of trading that we often times wish didn't exist

Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) Ideal Entry: 16.08 Stop-loss Option: 15.82 Target: 17.30 Risk Rating: 3.9 Trading Activity: Setups Triggered: SH Setups Waiting to Trigger: None Active Trades: SPY (1/3) (Short from 404.74), QQQ (2/3) (Short), SPY (2/3) (Short from 390.28), SH Trades/Setups Removed/Closed: SPY (1/3, second position) for +3.7% (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies

Trading Strategy: Trading Notes: With GDP out this morning, and the market continuing the selling lower, the bears are looking to end the dead cat bounce of the last two days. I will be looking to add to my bearish exposure this morning in the early going, depending on how the market performs in the

Trading Strategy: Trading Notes: Stocks are attempting to rally this morning, which would make it the second straight day for $SPY. My goal is to ultimately add more bearish exposure as a result of a dead cat bounce in the broader market. If the bounce turns out to be more than just a quick bounce, then

Trading Strategy: Trading Notes: I expect the volume to continue to lighten as the week heads towards the Christmas holiday. News out of the Bank of Japan, after announcing it would allow bond yields to trade as high as 0.5%, the overnight futs plummeted (but has recovered some off the lows). My main focus at

Trading Strategy: Trading Notes: I am open to adding new bearish positions to the portfolio today, but will also see how the market first responds in the first 30 minutes to an hour of trading to see whether it wants to make a run at a dead cat bounce today, or continue to the downside