Today was an interesting day. There were two challenges — one in the NinjaTrader Arena Challenge and one in the Tradeify Challenge — and my plan was to trade both. When I got to the chart, the market had already made a couple of bearish legs down. A bullish reversal formed, creating a spike back up to the EMA. At that point, I was planning to enter long on both challenge accounts, and when we finally got a close above the EMA, I bought.

Price action was extremely slow, and I ended up exiting the trades a few times with small losses because I wasn’t sure the bulls were strong enough. I bought again and held for a while as the market formed a tight bull channel after the spike, but the movement stayed sluggish, so I exited again when it stalled.

After that, the channel broke to the downside and formed a very small trading range, just chopping up and down — completely impossible for me to trade. I only traded two accounts that were part of the two challenges, and it didn’t go very well. Pretty sure I won’t be winning this one, LOL. Overall, a very frustrating day.