Trader Worksheet (3.17)
It’s OPEX today and usually as far back as I can remember OPEX trading is usually chop or names get “pinned” to or near a large options expiration.
$4020-$4025 is resistance today.
$3970-$3975 is support.
I also, if I can help it, don’t trade on Friday’s unless:
It’s NFP
I’m closing positions.
The way I see it from years of doing this is simple: I’m not sitting at the screens 7 hours a day 5 days a week. I did that from 2009-2015 as a prop trader and PM.
The way I see it is this: You should be able to make your money Mon-Thursday and be done - and if you didn’t the last thing you want to do is chase it on a Friday and be pissed if you miss it and go into the weekend with that.
Some notes for today with key levels to watch and what I am looking for today.