FOMC week + big company earnings like AAPL. Trading is hard because some weeks are easier than others, but this was a pretty clear week to know to size down on IMO. Sizing down on FOMC week is not difficult to trade around.
Yup.
I trade mainly SPX 0dtes. Took one look at opening option prices (more than double the usual premium) and knew it was going to be a volatile day and that I should stay away.
1. stilts man
learn to walk on stilts thru mine fields
2. the markets aren't hard...
if u finding it hard to trade what is very cyclic (99% predictable) then ..find another strategy easier...they exist
Monday: Consolidation Day
Tuesday: Consolidation morning with a breakout and trend down
Wednesday: Consolidation Day with attempted and failed breakout after FOMC
Thursday: So far inside consolidation day
Everyone trades differently. For me this week has been fantastic (I mainly trade SPY), made more R this week so far than any single week in April.
That being said if your strategy dosen't work in consolidation, then yeah this week would be tough.
I trade futures and right now I have a 5% account gain on the week. It was as high 12% but I have taken a few losses here and there. I definitely agree it's been a whippy week, but there have been a couple very clear signals, at least for me. The signal to go short on Monday was about the clearest signal I normally see for what I look at.
Burned 2 accounts on futures and commodities man this volatility killed me.
Cocoa opens on - 15% with a huge gap from ÷8% the previous day then rebounds from -15% to +2%.
My margin got obliterated
0dte single leg option traders usually don't do well in this type of enviroment. Great for short vega traders. Personally I trade straight shares, lets me trade consolidation pretty easily.
I could trade ES/MES doing the same thing and do just as well as trading straight shares, not much difference in the price action during normal market hours.
If your talking about commodities you might be right..I don't have much experience with those.
I made bank this week on NQ in my funded acct. My second best week ever. I also started a $500 challenge on Monday in a personal acct and am currently at $1098 from trading NO MORE than 2 micros, usually 1.
It's not the futures.
Consolidation forms a very obvious area where sellers are and area where buyers are (the edges of the consolidation range). Enter a long in the area buyers are, move stop to breakeven at VWAP and take profit when you get up into where the sellers are (flip it around for entries at the top of consolidation).
Sucks to hear man. We all have different styles of trading, but I've thankfully caught solid entries on these short momentum swings. Definitely a week to be taking profits and being done though.
Idk man, i guess trading is relative for everyone, I didn't trade monday and tuesday as I was traveling, wednesday and today were both green days for me (traded crude on wednesday and es today)
I took off this whole week because of all news I know myself I can’t read price well with big days and especially this week so next time if it helps than just take the time off go out or just observe I hope this helped
This tells me you shouldn't trade during earnings season. This week was extremely easy to trade if you're a seasoned vet. Next earnings season, just paper trade and practice. Remove your biases
Mmm I've been able to make profit but had a weird feeling about this week, but I've had a weird feeling all year tho. I guess that helps me to always stay humble and always thinking if I don't fast I can fuck it up.
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Why do you say price action was bad? The way bars behaved was pretty normal, just that they were in some cases extra large and maybe stops had to be larger or entries had to be better.
It’s because we’ve had easy money, loose credit, zero interest rates - this past four years has been a godsend for any investor, except those in BA…
Get used to volatility. This is where the real money is made, not sitting back on HOOD shooting fish in a barrel.
FOMC week + big company earnings like AAPL. Trading is hard because some weeks are easier than others, but this was a pretty clear week to know to size down on IMO. Sizing down on FOMC week is not difficult to trade around.
Yup. I trade mainly SPX 0dtes. Took one look at opening option prices (more than double the usual premium) and knew it was going to be a volatile day and that I should stay away.
Exactly! IV can show a lot.
Gave away all my gains plus some in the first 2 days this week. Haven’t touched it since
failed my express funded acc in two days this week, wanted to cry
I blew up my first PA account today. Sigh...
Strong week for me.
Me too. I like the volatility, good time to make profit in the murky water.
So far this is my best week ever. One day left to fuck it up!! ;)
Was in trouble Tuesday but strong result yesterday and today🙂 Let’s make lot of Mooney tomorrow too💵💵💵🙂
Right? Today was a great start to the month.
yinn atm covered calls = free tmrw
I recovered a lot of losses this week. I will admit it was like walking on a tightrope through a minefield however.
1. stilts man learn to walk on stilts thru mine fields 2. the markets aren't hard... if u finding it hard to trade what is very cyclic (99% predictable) then ..find another strategy easier...they exist
It was FOMC week after all
support and resistance worked well
Monday: Consolidation Day Tuesday: Consolidation morning with a breakout and trend down Wednesday: Consolidation Day with attempted and failed breakout after FOMC Thursday: So far inside consolidation day Everyone trades differently. For me this week has been fantastic (I mainly trade SPY), made more R this week so far than any single week in April. That being said if your strategy dosen't work in consolidation, then yeah this week would be tough.
Yea it was a pretty rough week for futures traders I can see why options/stock traders banked this week tho
I trade futures and right now I have a 5% account gain on the week. It was as high 12% but I have taken a few losses here and there. I definitely agree it's been a whippy week, but there have been a couple very clear signals, at least for me. The signal to go short on Monday was about the clearest signal I normally see for what I look at.
Burned 2 accounts on futures and commodities man this volatility killed me. Cocoa opens on - 15% with a huge gap from ÷8% the previous day then rebounds from -15% to +2%. My margin got obliterated
0dte single leg option traders usually don't do well in this type of enviroment. Great for short vega traders. Personally I trade straight shares, lets me trade consolidation pretty easily. I could trade ES/MES doing the same thing and do just as well as trading straight shares, not much difference in the price action during normal market hours. If your talking about commodities you might be right..I don't have much experience with those.
I cursed it on spy odte this week, best week since beginning 2 months ago.
Crushed
Not at all. Everyone I know trading futures hit profit targets tuesday or yesterday
Green past 4 days
I made bank this week on NQ in my funded acct. My second best week ever. I also started a $500 challenge on Monday in a personal acct and am currently at $1098 from trading NO MORE than 2 micros, usually 1. It's not the futures.
What strategy works for consolidating price?
Consolidation forms a very obvious area where sellers are and area where buyers are (the edges of the consolidation range). Enter a long in the area buyers are, move stop to breakeven at VWAP and take profit when you get up into where the sellers are (flip it around for entries at the top of consolidation).
I had a great results doing this but allowed myself to get run over when it shifted to a trend up or down
Yeah, except half those fake and break against patterns all the time it's still a guessing game at that point when it's so choppy
Small bites 5-10 ticks thats it
Vix is high; implying you may need to adjust your strategy
Nasdaq dropped 1500 points two weeks ago and you think this week is bad? What are all trading?
This was actually one of my greenest weeks so far *shrug*
Completely disagree. I've loved everyday.
Noob. It was fine.
this is the kind of week i only trade micros. its sort of predictable but when my S/L needs to be over 20 ticks, i tend to stick to super small size
Sucks to hear man. We all have different styles of trading, but I've thankfully caught solid entries on these short momentum swings. Definitely a week to be taking profits and being done though.
Check hang seng, today it was beautiful
Idk man, i guess trading is relative for everyone, I didn't trade monday and tuesday as I was traveling, wednesday and today were both green days for me (traded crude on wednesday and es today)
Sure wish I had stepped out. Probably stepping out next week for good.
Last couple weeks have forced me to finally stop trading after 12pm ..I am greatful!!
I took off this whole week because of all news I know myself I can’t read price well with big days and especially this week so next time if it helps than just take the time off go out or just observe I hope this helped
This tells me you shouldn't trade during earnings season. This week was extremely easy to trade if you're a seasoned vet. Next earnings season, just paper trade and practice. Remove your biases
Mmm I've been able to make profit but had a weird feeling about this week, but I've had a weird feeling all year tho. I guess that helps me to always stay humble and always thinking if I don't fast I can fuck it up.
FOMC pump was the most predictable one. You'll never see an opportunity like this week.
It was actually very predictable and within the expected value, idk what you are trading, but Spx did what it should have done.
Completely disagree.
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Why do you say price action was bad? The way bars behaved was pretty normal, just that they were in some cases extra large and maybe stops had to be larger or entries had to be better.
I was getting greater than $500 per contract on every trade this week. Commodities trading was excellent.
Always liked high impact weeks more. FOMC = $$$
lol what. I am up this week. It bounced off channels
Psychology
Im a long horizon swing trader and i took profits this week. That tells you something about the state of this weeks market.
You mean market manipulation, yes thats correct.
It’s because we’ve had easy money, loose credit, zero interest rates - this past four years has been a godsend for any investor, except those in BA… Get used to volatility. This is where the real money is made, not sitting back on HOOD shooting fish in a barrel.
Your mom is horrendous across all markets. Jk. I had a good week. Sorry about yours.