Mike Shorr sat down and recorded a live look inside his trading room, watching QQQ test the same level three separate times in one session. He walks through how he read the tape using bonds and oil, and how he played both sides of the market as it happened.
Mike covers:
- The two outside markets he was watching before the open to predict which way stocks would move
- Why QQQ testing the same level three times in one session mattered more than the move itself
- How he played the bounce the first two times, and what he did differently on the third test
- His approach to sizing, starting small and adding only once the trade proved itself
- Why a handful of Bitcoin-related names caught a bid in the middle of the session
