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In year 5 of trying to trade options. Current status: Lost and confused. Moment I think I have some edge that works for me. Just blows up. Quit or keep going.
Big Picture View: ~3 days a year on avg, #ES_F sees a 3%+ red day due to a random black swan. This was Friday. In this, ES flushed its uptrend channel from May
Plan Next Week: Bulls must recover it at 6615 to squeeze to 6653, 6715+. Next big leg down begins<6515. Detail Below
16/ Your homework for tomorrow
Before the market opens ask yourself:
1. What was yesterday's story?
2. Are we above/below the PDH/L?
3. What is my confirmation level?
4. DO i have 2 good reasons to enter?