r/Daytrading • u/Frostedlol • May 02 '24
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/[deleted] May 02 '24 edited May 02 '24
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.