Holy Hell, what a week! If you wanted to know what it felt like when the coyote strapped an ACME rocket to his back in his relentless pursuit of the roadrunner, this week of trading would be it. Ranges the biggest in history, every news outlet has their own reason for it but really not having a clue. Regardless, we as traders don't care, just trade the crap out of it! Be careful if you're not confident or trying to fine-tune your trading strategy, this isn't the week to do it. Standing aside is a completely valid strategy, see rule #8.
Have to say this week gave me a bit more anxiety than normal but exhilaration came with it. Had some great stretch targets but also had some stop hits... and in a hurry... Whew.
I walk through a few setups, entries and exits in the video and overall reflect on the week in review. The first minute of the video is how it felt while trading this week... WooooOOOOooooo.... Ahhhhhh... Whew... repeat. If you don't want that excitement, start at index 1:00 min. But, if you can put yourself in their mental state, you'll get what I mean. If you don't hurl it makes you a little stronger for the next time.
Hope you had a great week of trading as well...
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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