Halloween Trading w/RDT where Patience Pays Off! Includes Reviews from Friday Day and Sunday Night
what is up Responsible Day Traders today is Monday October 31st 2022 I am Lindsay Duff and this is Responsible Day Trading. So I've been gone for a little while. Lots going on spending the week with everybody in London really kind of inspired me to make sure that I make time for trading again and so are you know sharing it with you and you know if I'm being very honest I have taken a step back from Trading a little bit because, it's been a little difficult to juggle my time. I put some steps or there are some steps in play so that I have some more control of my time which is why I got into this anyways but, we're gonna do that you know it may take a little bit of transition time which I'm absolutely prepared for but I would really like to spend more time trading and spending time with you guys so, let's go ahead and check out that market, oh wait before we do that we know there's no news today because we looked at it yesterday so now let's go ahead and check out the market also I realized and yesterday like all the technical issues we had on the moving around and everything that I made my charts a little too small for everybody to see so I apologize for that. You live and you learn, I mean I am not a tech person but I learned something new every day, Okay so that's all we can do. All right, looking at the daily chart MACD's still smoking to the upside I'm really anticipating this to come up further maybe around the you know 4 000 area.
So I guess we'll see that will be you know that's a solid number so a lot of times a solid number kind of scares people so that may be something that they do right there, I'm like oh I'm missing a trade, so but what I've got to do next is look at the 28 657 okay all right good thing I didn't try and jump into that this is what happens I did go back and replace all the lines something happened with my charts where I wasn't none of them were there actually a lot of my indicators were gone so when I went back to a previous setting all of these were gone. So I went through the 28 657 through the daily the 28 657 and the 10946, and realized that I had a lot of missing gaps in the EMAs and you know just had some work to do to freshen it up so we are freshened up and ready to go. Now if I'm looking at the 28657 what I'm looking at is MACDs are sitting at that top Bollinger Band and both the price and the MACDs are leading lower right now it can be something that we push through and continue on. We can see over here on the 10946 we've got MACD's pretty strong outside but they're starting to get a little bit lighter so I would be curious as to whether or not we're going to see this pull back in towards the EMA maybe make a higher pivot right here make a bit of a W pivot and then continue up, or it's just gonna go up from here, either way as you can see my bias and my opinion is definitely to the upside right because we're seeing all kinds of reasons we and what we talked about yesterday too this is lovely you know it came right down to these EMAs and then it pushed further to the next one I love the way that it pulled through pulled back in MACD said strong up these little pullbacks into the area gave opportunity when we're seeing pullbacks that happened right in here we were signaled to the fact that it was going to pull back by the MACD's leading lower here. So there's just a lot saying that we have potentials for more up. I think right now I'm only using three contracts on here I actually pulled out a lot of my account I could probably move up to four, but I'm just going to sit with three for the moment it's been a while since I've really pulled the trigger I mean I did last night we can look at that a little bit in just a minute, I kind of struggled a little bit I did last night I was like you know what I feel like trading a little and I actually traded what day was at Friday and just took a couple of Trades that day, and that's all I've done [Music] So I see a slight reason right to take a trade here but I'm chasing it at this point because right now we're just out in the middle of nowhere here and we're still kind of out in the middle of nowhere here we'd really like to see pulling back and touching these areas but we didn't touch them here so we may not again.
It's just what makes it a little more comfortable whenever you're this far away from the EMAs, we may see this pull all the way back into here and then push up yeah, see that's why we don't jump the gun on these kind of things if I was trading my 233 I would have taken it right up in here but I'm not trading my 233, you know I say I would have taken it but then I would have had a smaller tick chart to determine whether or not I should have taken that which would have been the 55 which at that point was really starting to push to the downside so it said to wait Okay this is what I like to see, pull backs what I don't like to see is this right here, is I like to see that with the possibility of pushing through. Okay yeah it's still pushing down, there were opportunities to take to the short side here but it's really hard to see if it's going to push past this little area right now so I'm just in limbo for a little while I'm okay with it I mean I really made I made, what did we do last night hold on that was last night's total so I'll go with it I see so many reasons for it to slow down like what are the reasons I see for it to slow down we pulled in here we pulled in here we made a Divergence here this is much higher but look at the strength down. Feel like this pullback and what happens when I feel something that doesn't matter is really trying to push down but look what's happening we're not there yet not there yet, just trying to make the snap back in as we're sitting at this area, so it's almost like it's tricking us into thinking go ahead and take the short go ahead go ahead do it now because you know we got this little pull back into the air so you might as well but we're not paying attention to the fact that we have got miles to run here we did here as well, had miles to run and it was kind of the same scenario which is probably why I didn't take any of them, that and we've got an EMA we're pulling into that is has held traditionally right here it held, right here, it held and if it holds here this is a higher pivot and maybe this is I just don't trade today maybe I just talk through things of reasons why we would or would not take trades, I mean do we see shorts here heck yeah we do okay, let's see 85 83 hey you know what you could probably have gotten into that and still had a two-point risk if you're using the point and a quarter you'd probably feel pretty uncomfortable taking that entry look what we got going on here, struggled to push down we have a nice big reversal movement to the upside now is this you know EMA or Bollinger Band gonna hold to push it down are we gonna break through it? This may hold, we got and you know maybe my brain is just like hey we need the Longs because I'm so far away from the EMAs that I need to get back to them right and while I'm seeing everything set up here to take shorts, I'm just not feeling comfortable with them.
I mean you can hear it my brain is only on longs I see every short like right here, boom this pull back in, the possibility push down but look at these MACDs no and very quickly, it rolled back up to the upside I think I'm trying to maybe maybe it's the 10946 MACDs that I'm allowing to throw me off a bit because it just looks like strength how much higher this happened here and here, and there we go okay so my my thought process was really correct in the long but the. I'll go back and cover my trades that I had to over the last couple days they're not really pretty honestly but we'll go back and talk about them and maybe part of why I'm I'm holding on to not getting in why I'm only trading three contracts, like normally I would at least at the bare minimum Trade four I was working with eight for a little bit but I had to take a step away for a while and I was working with the eight on the mes. I'm doing one I love the way that this just curled there and you know if I just want to be careful I'll just move my risk in very very quickly it's set automatically to two points see what happens if when we pull up here I'd like the way that this just barely moved and I think that I just jumped the gun let's see here in a second [Music] I really don't feel like risking much of anything as we're pulling up to This Little Resistance area so I'm just going to pull in that risk , if it does go i'm gonna be ready for it [Music] [Music] [Music] looking at the way the 233 MACDs are behaving here they're very very weak to the upside but they're not strong to the downside, so i’m good for the moment I love the way these are picking up the pace and how these are rolling up, what I'm gonna do is I'm just gonna go ahead and take this one out oh maybe, there we go it's been a while since I made one of these for y'all so I'm gonna take that one out and let it go for a bit if it's gonna go it's gonna go and I took four points off that one I'm okay with that It’s a little too fast and I say it's a little too fast because we haven't gotten back above this area yet these BBS are struggling to go up Reaching an area that's created bounces a few times, so I want to see it pull all the way back down here okay I think I'm actually going to hit close as this BB was picking up the pace to the downside there we go friends it's been a while so let's see And it's three days of trading it's 47 points so let's go back and talk about it a little bit I'm going to start with the first one on the 20th you see I have it set here to the 24th I mean I could set it a month back from there and yeah we're not gonna have any more trades because it's been a little while since I've been able to trade, I'm just trying to be very transparent and honest about that I don't know why it set to the 24, Friday the 28th okay okay so I did struggle with my first two trades and the only other loss I've taken so far was because when I hit close I tried to hit close on this one and it entered me in one contract and then I hit close immediately so let's go back to the right in here, 1597 that was 9 17 on the 28th [Music] [Music] [Music] [Music] [Music] [Music] So overall, i only had, I would consider this two losers I don't know, these as I was spending some time with some people this weekend they definitely consider their plus one a loser so the break-evens are basically break evens because we are paying for commissions through these right in here. So let's just say I had two losses I really don't consider this one a loss because to me it's kind of a fluke when you hit the close button and it just puts you back in in the opposite end you close immediately and to me that's almost like a it didn't happen it did happen but in my mind it didn't so, we have two losses and that would be what one two three four five six seven eight wins or we could say, six wins and two break evens so anyway you wanna slice it, so this is my slow move back into it like I said it's been a while. We'll just make it happen, all right so that's gonna be that, I got some video for you guys what all right let's check this out I feel pretty good, I mean you know is it like the you know the points that I would like to be making at this point would I like to be on my eight contracts kind of like we had discussed before where I was moving yes I would love that, but that's not where I'm at right now I've taken a lot of time away and just staying focused while I'm in it and not trying to push myself to take trades because I think that I need to be in and I need to perform all of that is learning and governing yourself and making sure that you make good decisions and you saw how much I could see the trades happening today but I had to wait for a lot of them and by the time you waited for it to happen it would take off so fast that it would really make your risk at risk right, so I just waited till one came that I was comfortable with and just happened to be at the end of the day happened to bring me you know a pretty decent amount of points at the end of the day. 14 and a quarter I mean you know it's pretty good I'm happy with it you know do I think that I should be doing better heck no I've been I've been stepped away for a while, so we'll pick that pace back up as we come along and yeah I hope that everybody gets a little bit of information out of this if you have questions definitely let me know just reach out to us info@responsibledaytrading.com and I'll be happy to help so thanks for being
here guys it's been a while much love to you my friends bye yall [Music]
2022-11-03 09:34
