20210525
Short 1 NQ 13697.75, -3.0
Short 1 NQ 13706.25, +20.5
Long 1 NQ 13646.5, +21.25
Short 1 NQ 12678.75, -3.25
Short 1 NQ 13683.5, +10.0
Total NQ +45.5
I use to say that a day without a good NQ trade was like a day without sunshine. ...then I switched to MNQ because the extreme market volatility and index price weighting had made even an NQ E-mini pretty hot to handle... but the real issue isn't the contract you trade, but the market environment offered to trade in. Yesterday's Persistent Trend Day up for the 1st Frame in the NQ was nothing short of painful. Persistent Trend Day's are like trading Wheat. But today's swing volatility was a beautious thing, and it's those kinds of days that short term traders in the stock index futures thrive on...
You seldom get two Persistent Trend Days in a row in the same direction. You may get plenty of up days in a row (seldom more than ten or so), but the Persistent Trend Day is a specific model, and unless you are prepared to trade the whole until a Last Chance Texaco pullback finally appears, usually towards the end of the Second Frame, you can starve all morning, lose your maximum money stop, or just tread water in frustration and the numerous stop-outs and too-shallow-of-pullback opportunities to really get in sync with it all. ....and what a pleasure it is trading the bigger contract again....