Watch This!!! Grow Your Small Futures Account with Joe Rokop
We started the day with two small 1 lot trades and built up a PnL of 2K. From there, we opened up the doors to >10K on the day as we expanded our risk. Check out how.
We started the day with two small 1 lot trades and built up a PnL of 2K. From there, we opened up the doors to >10K on the day as we expanded our risk. Check out how.
It’s all about identifying the path of least resistance.
Sigh of relief? Yes the markets were pleased that Powell didn’t knock the market over while it was wobbly. Seasonally we are in line for a move higher into mid-February but that’s four weeks away so we must not expect choppy indices to lead the way but rather the handful of up trending sectors and stocks. In the meanwhile I deep dive what’s next for the US dollar, euro, gold, and crude oil.
This is a bread and butter setup and here’s how it played out in the NASDAQ this morning. A couple things to remember when daytrading. The first two hours after the bell is usually the best time to take advantage of moves. After the first 30-minutes, some of the best directional clarity will reveal itself. Knowing that here is the “Breach Retreat” a setup you can put to work tomorrow.
Another day, another gap down, but this time buyers came in to play. There are many events on the docket, including hearing from the Fed tomorrow, in addition to bank earnings this week with next week getting even busier. Let’s talk key stocks, along with some new setups I am eyeing.
With now a 5% market correction from the highs and Powell on deck tomorrow, we’ll see what the new Fed Put is or if the Fed will allow for a deeper correction now with a shift in Monetary Policy. Is it the Powell Put or is he writing calls?
GOOGL saw fresh lows for the year today, but I think they’re lows that might be worth buying. Here’s the levels I’m using to form that opinion, and the margins I’d be willing to tolerate.