Leaderboard

Tuesday - August 04, 2020 Futures Watch /ES moved slightly higher on Monday's session and hit a high of 3297 before seeing a large drop back to Sunday open prices. We're sitting within a volume pocket, so expectation is to test the VA High 3260 from above after failing to go much higher outside of the range. 10D 30M Chart /NQ saw lots of consolidation at previous highs near 11000/11100 before hitting a high of 11092 and falling back through the volume pocket. We still have some of the volume pocket to fill to retest VA High 10900. 10D 30M Chart /RTY had a stronger session higher on Monday, hitting a high of 1510 in aftermarket session before returning to test the VA High 1492. We're at a point where we can rally higher from here, but a return well into the VA Range would lead to the V POC 1480 as our next target. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Natural Gas started up 1.2% after a strong day yesterday (falling back to 2.1 support at time of writing), may level off near prior resistance 2.162. $KOLD and $BOIL vehicles to trade, along with $UNG. VIX up slightly 1%, holding 24 area consistently. Bonds bid slightly higher, US Dollar Index $DXY appears to have found a temporary bottom around 93. Oil down 1.8% on weak earnings, continues to have trouble breaking above 41 area from gap fill in March. Premarket Sectors at 9:15 ET Strong Sectors: Home Builders and Real Estate up slightly, they continue to be up sectors when overall market is weak across the board. Also watching Financials with a tightening range in recent sessions. Weak Sectors: Most sectors starting lower, larger pullbacks on Technology and BioTech after yesterday strength. May need more information if they continue to be weak and other sectors are rotated into. Things to Watch: Natural Gas is volatile in early sessions, so $UNG and $KOLD/$BOIL. $MSFT lots of volume and weakest of big tech names.

Well I didn't win and i fizzled out in the last week due to improper position sizing and one very costly hotkey mistake on a halted stock that halted in the opposite direction from which it halted from. I am still quite happy from my result at the end of the competition because I learned SO MUCH with regard to low floats which were mostly the primary stocks InPlay last month. I also realized to trade low floats effectively, I need to use filters to identify their movement early on and I also need to develop filters to identify longer term hold trades on larger cap stocks. For the past 5-months I have not been using filters at all since I needed to collect as much trading data as I could to identify the important variables. I developed some filters this weekend and i still have more to develop, but today was a major winning day for me thanks to filters helping me narrow in on the stocks that are worth trading. As they say "you are only as good as the stocks you trade" and last month was definitely a reminder of that. I look forward to competing in the next competition especially after refining these filters to find the best opportunities. Great job to everyone who competed and to the BBT #1 and #3 winners! How exciting!

Monday -2.3R Max Loss 2/7 Winner Would Have Made 2:1? 3/3 I made 3 pre-market trades on MSFT, I shouldn't do this. -1.8R before the bell. BA Would Have Made 2:1? YES ROKU Missing Pic, will update later -0.79R RCL Would Have Made 2:1? YES PINS, exited early, Would Have Made 2:1? YES

Hi everyone, my name is Jimmymac. I live in Port Charlotte Fl and I am semi retired, I know very little about trading so I just want to learn as much as I can. I welcome any help I can get Thank you Jim Mac

I have to echo WP above. I am a UX designer by profession and life-long mac user. When it came time to start learning to trade it only took a bit of research for it to become obvious I needed a dedicated windows PC. You can get into one that will run DAS for very little money, and it's a worthwhile investment for time and piece of mind.