TakeProfitTrader

05:40

TakeProfitTrader

One of the common mistakes I see is traders chasing the market around news. Trading news is a game that we simply cannot play as humans. That game should be left to the algo's who have much deeper pockets and better tech. This doesn't mean you can't find high probability trades around news, but they may not be what you think they are. Let us know what you...

05:51

TakeProfitTrader

Markets pushed out some weak buyers yesterday on the stimulus news. I expect the market to try and rebound today, and I will keep that stance until we start to accept lower prices.

04:12

TakeProfitTrader

2 weeks until the election, still looking for the market to continue higher. 3475 is an option level that was talked about a lot in the Spotgamma report today, so I will watch that level closely this morning to see if anything shows up in the book there. If we get below 3480-3475 we could see some expansion lower, but that doesn't mean a trend change.

04:00

TakeProfitTrader

Was able to hold onto some from yesterday since it had a big lead. Long continue to pay with an occasional loss on quick drops.

03:00

TakeProfitTrader

More selling yesterday than I expected, but look where we slowed down. Im looking for buyers to step back in today, I'm not selling this weakness.

04:21

TakeProfitTrader

Long and strong.

05:51

TakeProfitTrader

Wrong about a slow day yesterday, market still looks poised to go higher.

02:03

TakeProfitTrader

One big problem that I see from traders is 'chasing' the market. Chasing simply means watching the market go in one direction, and trying to join the move after it's already showed it's hand. In low volume environments (and holidays), the market likes to revert back to the middle. This leaves traders with losses and frustration. Don't let that happen to you!

03:29

TakeProfitTrader

Slow moving day, I'd advise against trying to catch a reversal short.

02:29

TakeProfitTrader

Slow bleed higher.

04:41

TakeProfitTrader

Got wiggled out a bit early yesterday, as the sellers were trying to hold 3395. They held temporarily, then got the doors blown off later in the day. Status quo here, long and strong, though you have to be willing to sit through a pullback if you choose to get long from up here.

05:00

TakeProfitTrader

Market is trying to take back the news based sell-off from yesterday's 'No DEAL' tweet by Trump. I did not expect that move to continue lower yesterday, as posted in the live trading thread in our group. I'm long and will be gunning for that 3410 level again today.

02:09

TakeProfitTrader

Take a look at the market moving below liquidity and pulling back to it.

03:58

TakeProfitTrader

The market traveled to 3400 yesterday, as expected. Today, I have a little bit more cautious approach, as we are approaching an area I would expect the market to slow down and try to find some sellers.

03:07

TakeProfitTrader

No selloff after Trump's health news. That's probably a sign the market wants to go higher and there is still a lack of sellers. I am expect 3400 sometime this week and we will see what happens when we get there. If we can push through, it will likely be more shorts squeezed out.

03:10

TakeProfitTrader

Don't go selling breakouts just yet!

03:04

TakeProfitTrader

3400 still in the crosshairs.

01:51

TakeProfitTrader

Short and sweet today. Not letting the move down from the debate flush me out of this trade.