Trading Block

Trading Strategy: Trading Notes: This has really been a perfect example of why it is important to not thrust one's will or need upon the market. I want to be more active here, but if I start trading out of that need, there's a good chance I would have been wrong, because over the last few

Trading Strategy: Trading Notes: You're seeing how quickly the market can give up the  gains following the release of the CPI report. Prior to the report, all the indices were firmly in the green, and now you have S&P 500 futures reversing more than 80 points to the downside. I expect this to be a volatile

Trading Strategy: Trading Notes: Today has the potential to be a good example why chasing big market moves seen over the last three trading sessions can result in a pretty hard reversal against one's position. The indices are up 1.5% to 2.5% heading into the open and likely going to force some shorts into covering. In

Trading Strategy: Trading Notes: Two rules that have saved me a lot of capital over the years during market sell-offs: 1) Don't catch a falling knife, and 2) Don't chase moves when reward to risk becomes distorted in favor of risk. Right now, a long position would be attempting #1 and a short  position would be

Trading Strategy: Trading Notes: Yesterday's sell-off was a shock to a lot of traders, representing the worst sell-off they've ever seen. The obvious regret for for me was not getting into QID. But after the first 30 minutes of trading, the reward/risk ratio wasn't in my favor to continue pursuing that trade and of course, while

Trading Strategy: Long: ProShares UltraShort QQQ (QID) *See Notes Below* Ideal Entry: 20.83 Stop-loss Option: 20.05 Target: 23.24 Risk Rating: 4.3 QID trade setup based on the QQQ chart.  QID: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on

Trading Strategy: Trading Notes: Big day in the stock market with the FOMC Statement coming out at 2pm, followed by the Fed presser thirty minutes later. Back on March 16th, the last FOMC Statement, initially, the reaction was a 65 point sell-off, followed by a 107 point rally, not to mention SPX had gapped higher and

Trading Strategy: Trading Notes: Huge bounce yesterday, despite spending most of the time trading lower on the day. Today it becomes key for whether it can follow through to the upside or give up the gains following the one day rally, just like we saw nearly every time last month. Yesterday's rally didn't have the characteristics

Trading Strategy: Long: ProShares UltraShort QQQ (QID) *See Notes Below* Ideal Entry: 21.45 Stop-loss Option: 20.49 Target: 24.00 Risk Rating: 4.4 QID trade setup based on the QQQ chart.  QID: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on

Trading Strategy: Trading Notes: With the massive on Friday, it makes the month of April the worst month for the Nasdaq since 2008. SPX closed below the March losing prices, and looks ripe to break the intraday February lows. I don't want to add more short exposure following that sell-off on Friday, as reward/risk ratio wouldn't