Weekly review and what to expect next week.

Ok, Back to work. :-)

Although ES tried sever time above 2600, I'm not sure whether it will stay. It was a holiday week and the market tended to do the fake breakout. We'll see where the real market attention is next couple weeks. But no matter what, I don't see big pull back either.

I'm prepared either way. I will not jump to trade for the new fund available in TD. I will patiently wait that there is at least 14+ points move in SPX.

Trade Range for the past week: 2568-2603

The expect trading range is 2585+/5-2605+/-5

From the picture I posted, you can see that I've contributed to IB quite a bit. Hopefully I can see the difference from TD next year.

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	23358.24	23557.99	199.75	0.9	19.2
Nasdaq	6782.79	6889.16	106.37	1.6	28.0
S&P 500	2578.85	2602.42	23.57	0.9	16.2
Russell 2000	1492.82	1519.16	26.34	1.8	11.9

Happy Thanksgiving!

New high,

It's so typical...

I don't want to wait any longer to switch the account. So I reduced quite a bit position in interactive brokers today. You can call it profit taking.

I think the fund should be available in TD next week. I hope that the market can have a big pull back by then!

Other than that, I'm not watching the market, I'm preparing the turkey now!

TD Ameritrade Account

  It's a small account and I started to trade on 8/29/17. I went out lunch with a trader friend in September. He said that I should periodically withdraw money. I never have that habit and I listened to his advice. Here you go.

 Maybe you should try it too, It's a good advice.

I'm not very happy with Interactive brokers.

But the performance chart is pretty nice. I'd like to post it now since I will switch my main focus to TD Ameritrade next year. Unfortunately TD does not have good reporting system. But it doesn't matter.

Weekly Review

  I did very well. I spent some time last weekend to check out my trading pattern, I wrote down what I needed to pay attention. As a result, I traded much less than I used to. It's discipline!

 It was pretty challenge on Wednesday. I actually waited and didn't do anything until the last hour! The reward is pretty good.

 Two weeks down, what to expect next week?  More to come!

Weekly Review.

 I lost money this week and I don't feel any pain. I don't want to give myself a hard time because I nailed the week's range but I ended up losing. I think it's about time for me to lose. The loss is manageable compared to the gains.

The last time I have weekly loss is the week of Aug 13th.

Actually I will probably review how I traded and what was in my head later...  I'm going to relax now!

Here is what I did:

 1. Overly bullish on Monday and Tuesday. Cut loss on the short position on Monday.  I was too eager to trade. I should have waited for the last hour.   That is the main reason I loss.

2. No trade on Wednesday.

3. More to come

I probably will stop trading for this year pretty soon.

Or I just play very small amount of contracts of ES/NQ to stay in the game.

I opened a future trading account in TD Ameritrade at the end of August.,  I've made more money in TD than in IB. But TD does't provide the return curve like IB does. Other than that, I really like to trade in thinkorswim.

Here is the year return from the IB account.  I'm pretty happy with it since the strategy works and I'm more calm when the market is not.

 

What to expect next week?

  My reader reminded me that I haven't written the market update for a while. Sorry, the market has been in this slow bull situation and I have shifted the focus away from the market.

  Ok, I checked the market just now and here is my input:

We are at the earning season and most of the companies reported good earnings.  There is no surprise in the FED notes last week. We also had a good job NFP report. 

There are not much events going on next week. The volume will be light. I think ES range will be 2570+/-5 -2590+/-5

VIX: 9.1

 Last last week: 2542-2574. 

 Last week: 2562-2585.5 close at 2583.

Nasdaq clearly broke out.

I think we will have a low opening on Monday and might have a low closing week also. Yes, I will add short at the upper range.

I did pretty well last week and as matter of fact, I haven't spent much time on it either. So the slowness in the market doesn't bother me at all. I guess that is also called self-adjustment.