Why I only traded for 8 minutes today
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Dear Traders, I hope you are enjoying your year end holidays. If you are still trading, like me and other traders in BBT, please be wary of the lower trading volume and choppier price action. Institutional traders are probably away too, so this is definitely not a week to look for home runs or trade aggressively. I was at my trading station for roughly 90 minutes, but I only took 2 trades that lasted 8 minutes. I was sitting on hands for most of the time, not trying to force any unnecessary trades. |
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| I recapped my quick NVDA scalp today on Bear Bull Trader’s YouTube morning livestream.
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From all my years of experience in the markets, I know the stock market is typically slower during the year end holidays. I still showed up at my trading office today because I want to maintain the routine of premarket prep and watching the intraday price action at the open. I didn’t like the premarket gap down and most stocks were moving slow at the open. But I saw a nice VWAP reclaim and my favorite setup, the 5-minute bullish engulfing pattern on $NVDA, so I quickly took a scalp long to target my key level which was $188. I scaled out pretty quickly on this trade as soon as I saw the liquidity level on Market Atlas get taken out. In hindsight, I was right about scaling out quickly and no overtrading this morning, considering the choppy price action for the rest of the day. You can of course watch the price action and still get prepared for the markets on slower days, but keep in mind that you can always choose to preserve your funds and mental capital for the better market conditions. |
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| Monday at 7PM EST, our Chief Learning Officer at Peak Capital Trading will be hosting an onboarding webinar to go over the structure of the intensive 13-week trading bootcamps. If you want to learn our proprietary 3-phase tradebook creation process, please join the live webinar and you can also ask your questions in the live chat. | |
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I also want to share an amazing mentorship result with you, from one of our traders in the $50K funded training program who works directly with Peak Capital Trading’s senior trader, Aiman. Aiman is a medical doctor and he came to learn day trading with me in 2017. Today, he’s a master of range breakouts and tape reading, and he is now mentoring our upcoming developing traders. |
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| One of Aiman’s mentees earned a payout from Trading Terminal’s funded training program.
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Seeing results like this is very rewarding for me. Instead of creating a personal influencer brand, I founded Bear Bull Traders as a community because I wanted to build a team of real traders who can help even more up-and-coming traders get on the right track. We offer a clear growth pathway within our community: members who demonstrate consistent profitability and a well-defined tradebook are given the opportunity to join the coaching teams at BBT and Peak Capital Trading to work directly with me. If you are looking for a community for serious traders with real results, we have 2 year-end offers for you. These discounts are only available until December 31.
Join the bootcamp onboarding live webinar at 7PM EST today if you want to know how exactly our mentorship works. You can also email support@peakcapitaltrading.com to learn more about the trading bootcamp structure. To your trading success, |
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