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Sometimes is better to stay flat
Good trading is not only showing up and looking for setups everyday. Having the strength to stay flat and in protection mode is as important as entering good trades. I have been struggling been flat for so long ( 2 months) but overall markets don't want to trend and are absorbing all the news. Not good conditions to trade at all unless you are a scalper and are good at fading trends. I stayed out of scalping for the past year and I am not looking to go back to it. I'll wait for the market to take a direction before starting day trading again. In the meantime I am trying to figure out what to do during these long periods of being flat other than accumulating spot crypto. If you guys in the reframe have questions or need support just ask I got you.
Friday 2/21
Premarket : Weekly profile is between two setups. The intraday profile read will need to be confirmed on 9:30a. Plugging along nicely.
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Wednesday 2/19
Premarket: FOMC single event today had my interest. Not too worried about the single event FOMC - nothing like the two-stage setup.
Thursday 2/20
Premarket: Slippery week this week with price presenting no clear choice for the weekly range on NQ. 8:30a news should help bring clarity + price is working an inside day off of Tuesday. Calm on the mental side but back to work and the snow keeps falling.... More to shovel...sigh.
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Tuesday 2/18
Premarket: Journey out of drawdown continues. A little mini goal I have is to keep the same account for longer than 30-days. my best in the last 6 months was 28 days. Impulsive trading is my issue to the extent of blowing the account. Each time I've genuinely tried, I've doubled my previous effort: 5-days, 10-days, 28-days... Currently at 23-days. Let me see what I can do! 🏋🏾‍♂️
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