1yr:1d

30d:30m

1d:2m

1d:2m

    - Today was a decent day. I shouldve probably made more money but im okay with how i did. My first trade of the day was a super fast scalp loss where I bought a long basically risking the low of the candle that was formed and I stopped out very fast for 7 dollar loss. Immediately after this I realized that its probably not a good idea to just all of the sudden become a scalper when I told myself yesterday that it would be beneficial to hold for legitimate moves that make sense. I bought in long again right after my loss and I thought to myself "either i this breaks the low of day and i stop out or we attempt to make a higher high." We didnt break low but we also didnt really make a higher high either so instead of holding all day for a move that I couldnt really predict I decided to just take my profits . This trade was a clean 6 points though which was very nice for me because I usually only look for about 5 points on a decent scalp trade. Since we were showing signs of buyers ready to commit I thought to myself, "why do i have big red days but on my green days they always cap out?" And I realized in that moment that the whole idea of taking one trade and leaving could somewhat be flawed. dont get me wrong, I dont think sitting here and trading all day is good either but I do think that if you are right initially then you may continue to be right after that moment as well. For that reason I kept trading and I took another long for only maybe 2 points because I was ready to just scalp the lows and not look for some wild continuation mostly from the fact that continuation in macro backside and micro range to the long side is almost always impossible or damn hard. I took the small win and waited for another opportunity. After that i took 1 more small 2 point win and gave it back 2 seconds later. Once I lost going long and we somewhat broke the strength of that reversal pattern, I decided to take no more futures trades. I am very happy with my mindset on these trades and the way i approached the market. Going long is still very difficult but i think in this certain scenario since we are in backside bottom of range in macro bear market that also has a higher low setting up for the past 4 days combined with being right at the bottom trendline, we could continue. I really like how I scalped the moves and instead of going for wild 15 point moves (which i usually do the day after a big red day) I took my 6 point profit and looked to add some small wins to it. I entered a straddle late day because I do think that the market is in this very very tight contraction phase right now and we have unemployment and non farm payroll coming out tomorrow that will surely be a very interesting day considering where the market sits now. Contraction leads to expansion so I think even just a small change in unemployment and payroll could really cause that next level move in the market. We will see how well it does come morning.

Easy Money:

Definitely no easy money today.