Post market
Market
- Impressive finish of first quarter by the bulls
- Now we have piling on and some balancing would be healthy to bring short term traders inventory in balance
- In other words: To kick out some poor loated longs (fomo buyers)
My trading
- I had some small losses in the beginning and later participated in the second directional move
- My behaviour in the beginning caused unnecessary emotional trouble
- I have multiple years of experience daytrading the ES
- I have guidelines resulting from this experience
- Staying with these guideline takes out much emotional trouble and makes my life much easier
My gap guidelines
Large gap rule:
Do not follow large gaps early. The market usually takes care of old business first. The first order of business is the inventory correction
Small gap rule:
Do not fade small gaps. After small gaps we sometimes see an open drive/ gap and go