Mindful Trader Commentary For March 23, 2023


Hey Guys,


The market did indeed get volatile after the Fed announcement yesterday. At first it spiked up but ended up going back down below the 4,000 mark for the MES futures. This morning they're right around 4,000, although we might still see some "Day 2" volatility.


Overall, there seem to be a lot of signs of market strength. Despite the banking collapse situation, the market is going up. And despite the uncertainty around whether the Fed's interest rate decision was optimal, the market is holding strong for the time being. That might bode well for future trades coming up the pipeline.


As of right now, I'm completely flat position-wise. That's not based on any discretionary decision. There have simply been no trades that have set up for my trading strategy the past few days.


VST from the watch list is getting somewhat close and I have a buy limit order set up for it. If you're hungry for more trades than what I post in my live accounts, you can keep an eye on the "Low-Priced" section at the bottom of the watch list. That offers more trade setups that have a back-tested edge.


If you have any questions or feedback, I'd love to hear from you.


Sign Up for Trade Alerts