October 15 Overlay, Trades, and Commentary

No trades again today.

My read was spot on. I am now very familiar with the contraction setup we have seen for the past week.

I felt different about my prep starting 1.5 weeks ago and did not know what to make of it initially. I went with my instinct and it turned out to be correct.

Now I understand what I was feeling. It was the sense of short term indecision in the price action. The market was going up but it was being constantly faded and washed out which causes a contraction.

I literally "feel" the direction and premise of the market when I do the prep. I believe this is the result of my training and preparation.

Literally spending endless hours observing and noting how price and volatility acts in specific situations. It has become second nature to me.

The challenge now is trusting my instinct enough to place consistent large bets on my premise with limited confirmation on demand.

I have made great strides in this in the past couple months but stalled out a bit in the past week. I do not think it is a big deal. I am doing the right thing by standing aside.

I could adapt to this type of price action but I am not going to make a career out of trading a grind like this.

Let's see what tomorrow looks like. Many probably think people will be taking profits. I would normally agree with this but it is options expiration so a positive close is likely.

I will be ready for whatever happens.