AlgoFlows’s Newsletter

AlgoFlows’s Newsletter

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AlgoFlows’s Newsletter
Daily Plan 3/9
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Daily Plan 3/9

Sharper is a good movie on Apple tv+ ( I did not know where else to post this)

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Algoflows
Mar 09, 2023
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Daily Plan 3/9
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Hello traders,

I had a pretty desultory day today as the market stayed range boxed until the last 30 minutes when we got that vicious rally. I was able to long/short 88.5 a couple times and then longed 72 for a some points..

Twitter avatar for @algoflows
AlgoFlows | Futures, Equities & Crypto @algoflows
ES did not hit our 70 level but bounced off 71.5 today. I do not have a crystal ball it is more like a crystal spheroid.
Image
9:39 PM ∙ Mar 8, 2023

Our call(put!) on OZK 0.00%↑ (Ozark bank) paid well as well with the puts being up about 35-40% through the day.

Twitter avatar for @algoflows
AlgoFlows | Futures, Equities & Crypto @algoflows
Ha!
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Twitter avatar for @algoflows
AlgoFlows | Futures, Equities & Crypto @algoflows
Ozark looks horrible.
8:24 PM ∙ Mar 8, 2023


I would assume that regional banks might see some more downside in the coming days but taking profit never made anyone poorer but

Ozark Ruth GIF - Ozark Ruth Shit About Fuck GIFs


Moving on,

Tomorrow we do not have any major economic data and everyone is likely waiting on the NFP data on Friday. I would be taking tomorrow as a day to study some equities and cryptocurrencies and maybe enter a trade or two if we have a great opportunity.



A note about risk management:

I get tens of DMs a day about traders who lost their cool and blew up their accounts.

It is natural and is par for course in trading. Please do not beat yourself up about it.

I’m resharing my risk management post here that you can read(again) here.

AlgoFlows’s Newsletter
9 rules of risk management
A close friend of mine had a bad week at the markets this week. I really really want to stress some important tips about risk management for both funded trading and trading your own money. If you don’t listen to anything else, at least listen to this one…
Read more
2 years ago · 44 likes · 3 comments · Algoflows

AlgoFlows’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Okay, enough of beating a dead account oops horse

Horse Dead GIF - Horse Dead Beating GIFs






Key levels on ES:


We were rangebound between 3970-4005 today. I would like to see a further consolidation of the range before choosing a direction on Friday.

Here are the levels for tonight and tomo:

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