Monday - August 31, 2020 Index Futures Watch /ES opened Sunday night at 3508.5 and has rallied higher, giving us a aftermarket high of 3524.5. We remain well above the VA Range and VA High 3467. Above I have marked a longer-term trendline with range expansion occurring over multiple years; I expect this to hold as resistance over the next week for at least a short-term pullback into normal price targets, such as 3400 support and 3380 V POC. 10D 30M Chart 5Y 1D Chart /NQ opened Sunday night at 12002.75 and and has rallied higher, giving us a aftermarket high of 12091.75. The VA range is wide, with our V POC 11965 sitting within grasp. We would need to lose this area for a volume pocket to open below us, leading to roughly 11830 Support from 08/27 Thursday's session and 17000 as our target if we fall through (08/24 Session High and area of volume). We are well above our main trendline on longer timeframes and can be overdue for a larger pullback on market weakness. 10D 30M Chart 1Y 1D Chart /RTY opened Sunday night at 1576.9 and and has rallied higher, giving us a aftermarket high of 1589.8. We're pulling back right to VA High 1578, with a healthy short-term uptrend after breakout out of last week's retracement. Our short-term target remains the recent high around 1605 and 1610 previous support turned resistance before the crash. 10D 30M Chart 1Y 1D Chart Premarket Review at 9:00 ET Interesting Markets: Natural Gas down 3%, a lovely extension into a gap fill on the daily and pulling back. Market remains strong and simply needs a pullback. Dollar Index $DXY hanging right at support 92 area, continues to remain very weak with a shallow bounce at support on prior weeks. Bonds down slightly, watching $TLT for a bounce play into an extended selloff last Thursday. Crude up .7%, remains tightly range bound between 41.5 and 43.5, but building higher lows and attempting to break out of the range on a confirmation breakout or fail and breakdown. Silver up 1.5% vs Gold flat, getting above 28.5 in Silver would be a nice confirmation that this tightening range from 24/30 is trying to continue higher after a large consolidation. Volatility Futures up slightly, with the $VIX elevated 7.7%; we continue to see larger market participants starting to buy volatility and possible risk in the markets coming up soon. Premarket Sectors at 9:15 ET Volume light this morning, so false readings are possible. Using Daily Charts for general ideas. $XBI BioTech nice support forming at prior breakout area, slight gap up and possible confirmation of retracement breakout. $XHB Home Builders strong uptrend, slight pullback last week into gap up and possible next leg higher. $XLB Materials ATH remains strong. $XLC ATH, gap up may just be misprint, but strong extension last week. $XLE Energy Trying to hold prior support around 36 and break out of larger retracement pullback from 39.50 bounce. $XLF Financials at 200 SMA on Daily, rejecting in PM. $XLI Industrials, trying to break out of smaller Handle and extend into higher ranges, currently rejecting in PM. $XLK Technology, remains strong overall, but may be too extended to continue holding markets higher. $XLP Cons. Staples, ATH, strong uptrend. $XLRE Trying to clear recent 36.8 highs, higher lows formed into tightening ranges. $XLU Weak overall, trying to hold 58.50 support area from early July and last week lows. $XLV ATH, having trouble extending well above current range, choppy action. $XLY Cons. Disc. Strong uptrend, remains elevated and continuing higher. $XME Metals holding support and trying to clear 25 area which is major resistance from last year multiple tests. Things to Watch: $AAPL/$TSLA - Stock Split insanity. $NIO/$WKHS - High volume volatile names in EV/ICE Replacement sector Volatility Products - Elevated VIX and Market can be primed for a large drop.

Hello BBT family <happy Fri-yay> I have set up an LLC for trading, and I have opened an account with IB using the same LLC. I want to utilize DAS offer found here: https://bearbulltraders.com/request-special-das-package-for-ib-traders/ I have a couple of questions though: 1) Is the $150 for individual traders, or is it valid for LLC as well? 2) If I follow the link from the page above to setup my DAS account, it doesn't include "level 2". Do we (BBT) have a representative from DAS that we can reach to, before opening the account? Thanks

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Ross is good and very fast, in and out. I like BBT because they look at higher floats and gives me time to decide if I'm in or out of a trade. I understand the entire concept of trading, but BBT has done a better job explain a few details which I like. Ross lately has been doing some crazy stuff, but no way can I do what he does.

Here are a few pics of my TradeBook. I used OneNote and made a Template. I have 4 templates total right now both 1MinOrbs and both 5MinOrbs. Template I will be able to click whichever strategy, then just hit add page and it will automatically load the template. I can then add my screen pics with drag and drop. Go through my checklists, input my entries exits, put a checkbox in my Psychology. then put any notes on what I could have done better in the trade to help see where my areas of improvement are. I print each trade out and put it in my BBT TradeBook 3 Ring Binder. Today I went back and entered all of my 1MinOrbUps for the past two months and printed them out. I'm considering printing out the page without filling out the checkboxes and remarks. I think doing it by hand might have a better "imprint" on my mind.

I recommend you start at the beginning and watch them all. I think that's the best way to do it. That said, I really got a lot out of Peter's Webinars on journaling (I wish I took this more seriously when I first started. I learn the most about how to improve my trading from my trading), Mike's webinar on creating a business plan and John HIltz's Insights from a newly successful trader.

TRADE OF THE DAY AND WEEK SUBMISSION GUIDELINES TRADE OF THE DAY (Monday – Friday) 1. Markup and post your best Trade for the day on Twitter by 1:30pm ET. (Trades that are closed out between 1:30pm – 4:30pm ET are eligible for the following day’s submission) 2. Friday trades can be submitted for consideration for Monday’s Trade of the Day. 3. High Quality Screenshots have priority if there are close cases. 4. Tag @bearbulltraders, @MikeB_BBT, and @NormBBT to qualify for submission 5. Use Hashtag #BBTFamily 6. The winner will be announced in the BBT Closing Bell Show on Monday and Posted to Twitter TRADE OF THE WEEK 1. The five Trades of the Day will be voted on by BBT Moderators for Trade of the Week. 2. The Trade receiving the most votes will be the winner and announced on Moday at 1230 during the Closing Bell Show on YouTube and Posted to Twitter.

Hey all, so I just need to get some things out of my chest. I was making great progress and while had some red days most of the time I respected my rules and discipline. However I started feeling the greed creeping through and the "get rich quicker" + some sort of addiction(?) to keep trading so I tried to test futures trading and well to make things short I ended up giving most of my 2 weeks profit back. I know Andrew said this is not a get rich quick business and well I paid my dues by trying to keep trading even when I knew better. I will keep focusing on my rules and Its so clear that this business is 90% discipline and 10% skill. Just wanted to share this out here in case anyone else is on the same boat as I am. DISCIPLINE DISCIPLINE DISCIPLINE. Cheers!

Its taff trading the US market when living in the US. at least with an office job and regular office hours as they match really bad with wall street open hours. I have lived in the US east coast area for 2 years and this was exactly the reason why I went back to germany. I can only talk for myself but for me, it always destracted me from my actual work, I often needed to watch my positions and sometimes you also have to monitor them closely. In the webinars about "average joe trading" He talks about his strategy to deal with this issue. I'm glad to read that you also do 20 trades a day if trading all day. This is also what I take through a day more or less and I'm asking myself if its overtrading

Hello Matt, I have not read the book you mentioned. But it seems to be a reiteration of Douglas' other book The "Disciplined Trader." Here is an amazon link that has FARRRR more reviews than the link you posted. https://www.amazon.com/dp/B004X6SK0E/ref=docs-os-doi_0 I found both "Trading in the Zone," and "The Disciplined Trader" to be excellent. One side note regarding cost, I picked up my kindle version of The Disciplined Trader in May for $38. It seems like they have raised the price substantially since then due to the recent influx of new traders. Having read the book, I do think it would have been worth the extra $22 for me. But as you mentioned $60 for any text seems heavy. Hopefully the Amazon reviews can provide you with more insight before your purchase. Happy Trading, Eugene H.

Hi @FFClm no news about Alliance.

Hi everyone my name is Bernard am from Italy, i have been interested in trading for years but most of the time I just did not have the time and/or money to really get into it, and i work in a transport service company as a driver so i move from state to state in Italy am 30 years old and single. I came across (ANDREW) book on amazon early this year mid January and to honestly speaking he got me more interested and seriously about trading after reading the book. I really like the chat community and am looking forward to learning from everyone and become a trader.