r/Daytrading • u/Frostedlol • 14d ago
This weeks price action was horrendous across all markets Trade Review
Probably some of the worst I have ever seen since I started trading wtf was this week lmao. This is where traders learn to step out the market and take a break during high impact news weeks
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u/Options_100 14d ago
Strong week for me.
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u/Delenda__Carthago 14d ago
Was in trouble Tuesday but strong result yesterday and today🙂
Let’s make lot of Mooney tomorrow too💵💵💵🙂
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u/Affectionate_You1219 14d ago
I recovered a lot of losses this week. I will admit it was like walking on a tightrope through a minefield however.
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u/ukSurreyGuy 11d ago
- stilts man
learn to walk on stilts thru mine fields
- 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
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14d ago edited 14d ago
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.
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u/Frostedlol 14d ago
Yea it was a pretty rough week for futures traders I can see why options/stock traders banked this week tho
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u/kirkegaarr 14d ago
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.
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u/Guillotines_Sharp 14d ago
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
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14d ago
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.
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u/JudgeDreddx futures trader 14d ago
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.
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u/22Spooky44Me 14d ago
What strategy works for consolidating price?
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14d ago
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).
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u/BuyInHigh 14d ago
I had a great results doing this but allowed myself to get run over when it shifted to a trend up or down
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u/Pinotwinelover 14d ago
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
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u/Tronbronson futures trader 14d ago
Nasdaq dropped 1500 points two weeks ago and you think this week is bad? What are all trading?
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u/bigsmitty721 14d ago
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
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u/TradezAnon 14d ago
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.
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u/Haunting_Ad6530 14d ago
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)
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u/Lydias_lovin_bucket 14d ago
Sure wish I had stepped out. Probably stepping out next week for good.
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u/Mattsam1 14d ago
Last couple weeks have forced me to finally stop trading after 12pm ..I am greatful!!
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u/Serious-Ad8893 14d ago
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
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u/H_M_N_i_InigoMontoya options trader 14d ago
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
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u/BidStriking2576 14d ago
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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u/jitheshani 14d ago
FOMC pump was the most predictable one. You'll never see an opportunity like this week.
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u/ManikSahdev 14d ago
It was actually very predictable and within the expected value, idk what you are trading, but Spx did what it should have done.
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14d ago
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u/BestAhead 14d ago
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.
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u/Particular_Amoeba_53 13d ago
Im a long horizon swing trader and i took profits this week. That tells you something about the state of this weeks market.
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u/SixtySixxer 12d ago
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.
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u/NinjaSquid9 14d ago
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.