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.