Wednesday Wrapup (12/23) - $150 gain

7:00 AM
Not much going here in the early AM session.  Only decent setup I passed on, which was a countertrend trade around 5:30AM.  After breaking out to a new HOD we had a surge of vol on the 3 min chart.  But I didn't like the risk on the 1000 tick so I decided I'd play the first pullback instead, but it never came.  Then I could've bought the pullback, but was waiting on a slightly better price, but that too didn't pan out.  So long story short I'm tradeless.

Need to clear my brain of yesterday's last trade and start over fresh today.

8:20AM
Just missed another trade by literally seconds.  Had been looking for a pullback to get short on.  Left the house for the office and when I got to the office, my pullback was staring at me.  Tried to enter, but my order pushed prices down 1-2 ticks.  Not that I'm trading that much size, but oh well.

4PM
 For the most part, I took the day off.  Did fade the gap opening and that was an easy 3 pts or so.  Made $225 there with both tgts being filed after the econ report at 10AM. 

From there I took 2 trades, one of which was a decent pullback setup albeit with no volume whatsoever.  This was taken around 10:38AM, and after maybe 1 tick movement in my direction the trade went against me.  So I immediately thought about exiting and after a $300 drawdown I took the first pullback and exited for a marginal $50 loss.

Next trade was a countertrend setup around 1PM after a failed breakout.  While there was definitely a volume spike, it will still minimal.  I mean when there are gaps on a 3 min chart during intraday trading you know you should be calling the quits.  Anyway, with this trade, my 1st target was hit easily and we stalled from there.  Ultimately I exited this trade for a $25 loss.

So I fnished the day up $150 on 1 for 3 trading.  Just not many trades on an overall dull day.  On a positive note, I didn't have a repeat performance on yesterday.  Once the 2nd trade went against me I immediately switched from profit mode to capital preservation.  Didn't want to puke into the mini-breakout, so I just remained patient and exited at the first opp.

Not sure there will be much going on tomorrow either.  Might check in early in the AM and go from there.