Not a good day. I should not have went long even though we had 3/4. There is a huge caveat to the 3/4 and that is, IF mag7 and indices are not in confluence there is NO EDGE WHATSOEVER. The only trade that somewhat made sense was the one prior to 10:00 because mag7 was popping back above its OP. The 2nd trade was not good and should not have been taken even if it was meant to be a very small scalp bounce trade. With the premarket trend being so heavy to the downside as well then it would be very hard for really any longs to work consistently.
Good:
- stopped trading when i realized my mistake
- took the first trade at the TP because of the large premarket downtrend
- only went long from 3/4
Bad:
- 3/4 yes but mag7 and indices conflicting therefore NO EDGE
- second trade was totally unnecessary. Mag7 dropped hard and indices only popped up a little bit.