Day Trading Vacation Starts Today! | TRIN Café

Day Trading Vacation Starts Today!

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A better title would be a vacation from day trading, but that sounds kind of negative. The market is sixty seconds from opening, I am prepared to take a trade if my criteria are met, I might be more ready to do nothing and start my summer break early? Trading can be mentally tiring, especially if you are trading poorly (long pause) Wow, I was contemplating getting long ZC, as traders do, I even tweeted about it here lol. No regrets, no would’ve should’ve could’ve, I’m ready to take a break.


technical is analysis is adequate enough to be used to spot where not to trade.


With each trade, I feel I am learning something new about myself or the market, for example, I correctly identified the area of congestion in ZC, I feel good that I can hang my hat on the fact that my technical is analysis is adequate enough to be used to spot where not to trade... I will say that again because I think it's worth repeating, technical is analysis is adequate enough to be used to spot where not to trade.

Well, I'm in no mood to chase the market for a trade, and I know myself after all these years of trading, if I sit here long enough, I will force a trade that I would regret. I hope the best for all the traders who have the desire, drive, and humility to attempt to trade their own money. Enjoy the charts below where I highlighted the area of congestion, also referred to as chop.

Chop
Momentum

Momentum
Serious momentum out of congestion area


"Better Trading ahead!"








COMMENTS

BLOGGER: 3
  1. hey Trin, so what's the plans for the vacation? loved the line about technical analysis and knowing where not to trade. I always say that if you want the results of the 99% in the market, trade how they trade with technical analysis. i think TE has constructive things to it but like everything, you've got to look at it through a prism of evidence and pragmatism.

    enjoy the vacay! you've earned it

    ReplyDelete
  2. Traveling to Baltimore in two weeks, the plan is to fly from BWI into Ramstein Germany on a space A flight. Road trip to Denmark for a wedding, and then a few days in Amsterdam.

    ReplyDelete
  3. nice! I'd sure like an extended vacation outside of my usual stomping grounds but something always seems to come up. hopefully, i can get one or two weeks in august

    ReplyDelete

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TRIN Café: Day Trading Vacation Starts Today!
Day Trading Vacation Starts Today!
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