Pre-Market Notes
I'm flying to Cupertino for work this morning so I made sure to get to the airport 3 hours early to trade post-open. The overnight session remained in a tight range (see screenshot below) inherited from the prior day's trading session bouncing between 4454 and 4433 -approximately a 20 point spread.
First Trade
Before the pre-market I took what looked like a 2nd entry short with ~10 minutes to spare before the open. This wasn't welll thought out given it's against my normal rule against trading this close to the open. I was stopped out for a 2.25 point loss ($112.50). Screenshot below:
Second Trade
There was some news released shortly after the open so I sat on my hands but the market looked like it was breaking into an upward trend. After things settled down, I spotted an aggressive 2nd entry with limited downside (I usually put my stop loss 1 tick below my signal bar). I took it for 15 ticks (3.75 points) and a $187.50 profit. Screenshot below:
Third Trade
Once the wider uptrend was confirmed, I identified another high probability set-up....a 2nd entry long after a 2-legged pullback just above the lower-bound of the trend. I took this trade with my standard stop loss and trailed the single contract as I expected a new extreme on the trendline. This came in at a profit of 21 ticks (5.25 points) and a $262.50 profit. Screenshot below:
Summary Stats
Total net profit on the day before boarding my flight at 10AM CST was $328.50
- 3 Trades
- 2 winners, 1 loser
- 66% Win Rate
