Trading Flashbacks - 2017 vs Now

THE WEEK

We ended the week with another 52-week high.  The Market is still on a slow climb up.  It almost has the look and feel of the Market in 2017 which was my best trading year ever. 

We saw a Market reaction to the FOMC announcement on Wednesday.  I was a little surprised by first a down and then subsequent up reaction.  There were no surprises in the announcement.  The whole world knew interest rates were holding steady.  When Powell testified on Friday, there was no reaction by the Market at all.

LOOKING FORWARD

It is a short trading week this week.  The Market will be closed on Friday – Good Friday.  I mention this because one of my past trading disasters years ago was because I didn’t realize the Market was going to be closed.  I was PUT TO on four positions.  I had counted on Friday’s trading to make adjustments.  I never forgot that lesson.  Always know what is coming up!

Other than Good Friday, I am expecting a very quiet trading week.

HOW AM I DOING?

I am still doing well with my trades.  The slight down I had anticipated for last week never happened.  That is why it is so important to trade what you see, not what you think might happen.

In this Thursday webinar this week, I will be analyzing all my trades for the quarter.  I strongly believe this trade examination leads to better trading in the future. 

• What work?
• What didn’t work?
• Is the market changing?
• Do I need to adjust my Trading Guidelines? These are all questions I ask myself at the end of every quarter. 

Even today I am still learning and re-thinking how I trade.

1^st Quarter Evaluation of Trades