Trading Day Recap - Tuesday, 6/17/25
It’s been several weeks since I sent out a newsletter recapping my trading activity for the day. I have two reasons: I have hardly traded at all. The volume and price action has been so moribund whenever I look at charts I see no reason to put on a trade.
Secondly, more importantly, I had a relapse in my spinal injury and I have had a hard time sitting, combined with other complications that takes a lot of my mental energy. But today I was at my desk when an opportunity arose, put on a trade and it surprisingly went in my favor.
From what I remember of extremely volatile times in the market that lasts several weeks once the vol dries up there is a period of nothingness that descends upon the market, we seem to be in the middle of it the last two months or so. A little bit of vol did come back into the market with the Israeli bombing of Iran but even that has been erratic and being held hostage by the latest headline.
In times like this it is better to sit on the sideline and wait for the best opportunities than to try and force a trade.
Today again I looked at the market for a bit and it looked like another range bound day when headlines about Trump - Iran started coming across on Twitter and the market started selling off a bit. The moment I saw the tweet below, I went short the market thinking, we should be going lower.
And my hunch proved correct, the NQ quickly sold off close to 180 points from my point of entry and I was able to bank 150 of them.
Trading can be as simple as that as long as the market moves and the trader is willing to wager R1 of his trading stake on a thesis of his. After all trading is nothing but a probability based exercise to see if his best ideas works or not. For the trader with a half decent edge and a strong trading psychology that comes with experience that is all there to it.
FOMC tomorrow.
