10:00 AM
Fairly active pre-market session today as we had some decent ranges before and after earnings reports. I placed 4 trades in total. First trade was an easy short pullback taken at 5:48AM. After a 1 tick drawdown, price fell and easily hit my targets for a $213 gain.
Followed that up that with 2 more short pullbacks that went nowhere, one at 6:37AM and another at 7:18AM. The second one was a bad entry and I suffered about 6 ticks of drawdown before closing the trade on the first pullback for a $12 loss.
Fourth trade was taken after the econ reports at 8:44AM. Solid entry with just 1 tick heat, but left much on the table profit wise. Managed to take just $128 of profit after a max run-up of $350. Market showed signs of reversing and I didn't waste any time closing the last few lots.
Up $315 on 2 for 4 trading to start the day.
4:00 PM
Pretty much sat on the sidelines after 10AM, as the market was confined within a tight range after the initial move lower. Not unexpected on options expiration day.
Took a short pullback at 10:45 that went nowhere. After a few ticks of heat, I closed the trade for a $50 loss 10 minutes after entry.
Another short pullback @ 12:51PM that also went nowhere that I closed for a $25 profit.
And finally my last trade of the day was a countertrend short off the last pop higher at 3:32PM. Was a terrific entry looking back, but I left quite a bit of profit on the table. Only managed a $125 profit after being up as much as $300. Still it was nice to close the long weekend with a win.
Finished the day up $415 on 4 for 7 trading.
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