Cheeky monkey takes $1100 from markets by 11am

Mark Sear • Dec 14, 2020

This monkey makes $1100 by 11:05am, and missed $500 more

What a terrible start to trading on National Monkey Day.  The live trading session was a bit dull in truth and ended up with us only $175 up after the first 35-40 minutes.  We did though leave an open NQ trade with 1 short and a second to be added, and this video shows the end of that trade.  Ultimately not a bad day but still a little boring to be really honest.  The Christmas market doldrums seem to be almost here. 


No matter, after an hour the trade came good and delivered us some nice $$ so that was a nice relief.


As you can see from the S&P the market was very buoyant today.   Look at how long it took us to make the break down from our sell zone (circled on the left in the picture below).  It was an hour from the first touch of the super major to the final profit and it was another painful wait.  When the markets are slow the turn arounds take a lot longer and today was no exception.  But we tuck with the initial trade and it paid off.


So the result?  A nice profit but we are acutely aware now that the trading days seem like they will be slower and less "fun" as we head into the break.  Even though the USA doesn't have a long break like Europe - where at least 2 weeks holidays are common, the markets slow down massively anyway.


High probability trading is often boring incidentally.  Why?  because once you can see the trades, you almost know what's going to happen.  How long before that becomes the case?  Could be 6 weeks, could be 12.  but it happens to 90% of people within those timeframes.  And then?  Stress free, profitable  trading. 

For completeness, here is the first, rather dull, 40 minutes of trading.  Watch it if you are an insomniac. 

photo of Charlie Munger in a business suit
By Peter Northwood 29 Nov, 2023
We look at the amazing impact that Charlie has left on generations of stockpickers and investors.
A trading screen and candlestick chart on a phone
By Peter Northwood 13 Nov, 2023
Hedge Funds and Big Banks have been using AI capability for many years, now it is available to Retail Traders.
By Peter Northwood 10 Nov, 2023
AI presents enormous global opportunities, but there could also have some nasty downsides. The recent Global AI Summit started the journey on how to regulate this wild west sector.
explosion on the horizon
By Peter Northwood 19 Oct, 2023
Geopolitical risk is a fact of life, but what does it mean for your Trading and Investing?
By Peter Northwood 03 Oct, 2023
Ahead of the all important Q4 season we assess what's driving the economy and what's holding it back.
hundred dollar bills on a US flat
By Peter Northwood 22 Aug, 2023
With US Government Treasury yields at a 16 year high, have bonds overtaken stocks as the growth engine for investors?
By Peter Northwood 07 Aug, 2023
If you're an investor then timing the markets is almost impossible, but there is an alternative!
By Peter Northwood 27 Jul, 2023
With jobs data still strong will the Fed have to break the labor market and cause a recession to get inflation back to 2%.
$100 bills in a briefcase
By Peter Northwood 11 Jul, 2023
Why are get-rich-quick schemes so prevalent and how do you avoid them?
levels in a field
By Peter Northwood 06 Jul, 2023
Higher time frames have stronger lines of support and resistance, we show you how to identify those Daily Levels and add them to your charts.
More Posts
Share by: