Daily plan 3/16
Stone Cold Spooz Austin
Hello traders,
Another great trading day but it was shaping up to be an average day until 2pm or so and then the market gods blessed us with a nice rally off 3988.
Which was extremely close to our 89 inflection point sent out right before the open.
Other than that I was able to scalp 4-5 pts in the range and caught on 12pt rip during the open. I also had two -2s and one -3 today and countless Breakeven+2tick trades.
BE+2 ticks makes the trade technically a profitable trade after accounting for commissions but I don’t count them as winners. Scratch is a scratch.
Another decent trade today was SCHW 0.00%↑ where we bought the lows and the stock rallied 5% after it.
I think some great banks are available at a discounted price here to buy commons and sell OTM covered calls as the volatility is unreasonably high on these.
Moving on,
Our plan for the overnight session is as follows.
ES: