Not a whole lot of trading today, FOMC meeting days are not really my style. I made a few trades, pivot points held and I left early to not tempt myself on bad trades.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s up guys so I’m doing my bullox uh recap of the day and here I am on rhythmic Trader Pro um so here we are basically the bottom three are are paid accounts our funded accounts so this one oh the pnls are gone on the day um so this one actually made about 380 bucks uh today which was great um this one is a new one and I only lost $10 I made one trade lost 10 bucks and this one I
Made about $70 and that’s a paid account and then I just traded these very lightly as well um today was fomc day so I’m not going to sit here and uh I don’t really trade um I I don’t really trade many uh you know paid accounts I don’t do a lot of trading when it is fomc day because it’s just too crazy and like sometimes it it’s a lot of chop where you get a lot of fake outs um and you
Don’t get a lot of movement prior to the the meeting and then when the meeting comes you know like I like to play pivot point rejections it blew right past the Pivot Point um when we started getting extended I I actually left because this isn’t my style of trading so I just stopped early for the day without getting tempted but if you look on the cues it hit the pivot point and my friend was nice enough to tell me how much
Money he made when he went short right here and then he covered around here but he could have held longer but he made quite a bit of money right there um you know if you think about it that he got in 86 he probably got like a 100 points so you know there wasn’t really many trades to to be had today for my style um the opening range was was very tight um it it you know you have to know when
When it’s not your type of day to trade to just kind of hang out you know like everybody preaches it but you don’t rarely everybody I guess what I say is everybody talks about it and then you’ll hear like some Guru like oh I made this huge trade on the day that they talked about not trading well I I don’t trade on really on fomc days that much and if I do it’s a lot of evals um you know but I
Didn’t really even do much of that I did that in my other accounts a little bit but I’m bullnox I basically traded because you have to trade every day um to get those trading days in and that’s what I did so I just kind of did a little bit um got the accounts up I mean like I said that one funded account I got up 300 bucks that’s a that’s a solid day and um and that’s it you know I just
Kind of hung out watched and I left early and now tomorrow I will come back and and uh and look to trade [Music] um I mean that’s pretty much it I’m not uh not looking to do too much overnight probably I think the bias is to the downside um Powell was talking about keeping the rates high for longer so I kind of feel like you know to zoom out for the one day um it wouldn’t shock me if we retest down
Here which is 17100 it wouldn’t shock me to hit the the daily pivot point which is 16921 but I could see us hitting the 200 which is down here and that would be a nice pullback for the market right around the 200 um that is about 5% down and then you know you know we’ll resume going back up but I think over time we will come around maybe around here what is this may maybe around may come around here and um
You know it it’d be definitely a solid spot to start buying some longer term options um I don’t want to get into that on the recap video really but um back to bullx things were good today tomorrow I’m looking to to trade some of the funded accounts more aggressively because they have a rule that you can only have three funded accounts until the funded accounts hit 52,600 so I have this account that’s over this account that’s almost over so I can
Afford to be aggressive on one of these newer accounts and worst comes the worse if I end up smoking it I have another one ready to roll um so we’ll see I’m not just going to take any trade when I say aggressive I still trade the same plan but I’ll trade with a little more contracts so well that’s that’s pretty much the recap on today be sure to like And subscribe I’m going to start trading live soon and you’re not going
To want to miss it
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