Daily Plan 3/9
Daily Plan 3/9
Sharper is a good movie on Apple tv+ ( I did not know where else to post this)
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..
Our call(put!) on OZK 0.00%↑ (Ozark bank) paid well as well with the puts being up about 35-40% through the day.
I would assume that regional banks might see some more downside in the coming days but taking profit never made anyone poorer but
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.
Okay, enough of beating a dead account oops horse
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: