March 27th, 2024 The channeling bull market. Many traders haven’t experienced a bull market like this, where we just grind sideways to higher, and volatility is just sucked out of the market. In my 25 years as a day trader, I have seen a few environments like this, and they are the ones that typically […]
March 26th, 2024 Rangebound Rally. Markets remain in my anticipated range, and these slow markets will continue to test the patience of traders. Those who feel the need to take action will always find a reason why the market is moving, but sometimes we’re simply in a range, and that’s it. Embracing the environment will […]
March 25th, 2024 Two-way tape: Markets are really slow as we head into a shortened week. Nothing clearly favors either side in the short term; we’re in a two-way tape scenario. It’s not always about being bullish or bearish; sometimes the market just drifts sideways. The primary trend is up, so I prefer trading the […]
March 22nd, 2024 Day 3: Market takes a breather. Day 1 of a Fed meeting, markets typically overreact. On Day 2, traders react to Day 1, and many times on Day 3 we come back to reality. The market remains bullish on my charts, but it looks like we’re going to spend some time consolidating […]
March 21st, 2024 Day 2 is the reaction to Day 1. Whenever we have a Fed meeting, I always view it like this; Day 1 tends to be an overreaction, Day 2 is the response to Day 1, and Day 3 reveals if the market overreacted or if the meeting sparked a sustainable trend. This […]
March 20th, 2024 Good morning everyone; no commentary this morning as we wait for the FOMC decision later this afternoon. I will be in the chat and will write a note following the meeting with any thoughts that I may have on the market action. I am going into the meeting flat and will report […]
March 19th, 2024 Nuance: The most overlooked aspect of becoming a successful trader is finding nuance in market situations. Not all looks are the same; sometimes, there is a bit of nuance in the situation that you have to recognize to better execute your trades. Right now, the NQ is showing a minor difference in […]
March 18th, 2024 Widen your perspective. Identifying market environments is key no matter what timeframe you are trading. As day traders, one of the most difficult things for us to do is widen our perspective but still focus on our short-term execution. When we step back and look at this year thus far, the ES and NQ are simply channeling higher, […]
March 11th, 2024 I’m away this week attending FIA Boca. FIA Boca is the annual International Futures Industry Conference held in Boca Raton, FL. I’ll be conversing with numerous exchange leaders, market makers, brokers, and prop firms in the futures industry, discussing the current state of the market and what major players are devising for […]
March 8th, 2024 25 years ago today, I stepped into the S&P pit as a member of the Chicago Mercantile Exchange with my entire life savings in my account. In just 6 months, I was broke. But I didn’t give up. I borrowed money, worked nights, and faced numerous challenges, including anxiety and an stress-induced […]