6/10 DRC
Yesterday biggest problem for me was I wasnt all there. Tired. And unfortunately I feel the same today, but not rushed this time. Work is done and waiting for the bell.
Not much to say, just want to trade. Yesterday was just an off day, want to reset and go from today.
Lots of all time high breaks today. Nothing but longs besides WORK and BA. And even those might turn into longs.
Just staying patient, no need to chase, no need to get eager. Best setups come to me after the levels are broken and held so wait for exactly that.
1. Stay Aggro
2. Follow PT rules
3. Do not scalp anything that does not have either volume cues or a failed break before the scalp.
NKLA
Scalp above HOD, nice and tight above HTF level. Got in on backside, originally didnt want to get in and got filled as I tried to cancel order. Lucky with exit for a tiny loss, next tick wouldve made it 3x as worse.
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Drifted its way back to HTF level and found hidden refresh buyer at vwap + 73. Got in in front. Unable to hold got out after he broke lower.
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Dropped lower and reclaimed again with huge vol spike. Got starter as we ticked back above 74
Getting v tight in between micro range high vwap and HTF.
Came right to stop loss and held, got back above levels again with buying. Added more.
Coiling holding above vwap with big bids here at whole number and some stepping in. SPY is dumping so no help there, vol also drying up and TL from HOD in play acting as R. Trade still on.
And stopped out.
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Again, ripped right back up above with more volume and got in on new range high break. And again, wrong right away as it dumped back on me.
Held higher still and got above micro range high and I added.
Looking to add more on mid range high break of 74.50. Buyers here and stepping stacking higher.
We are just above new TL from LOD, getting wedged in between it and 74.50 tight. We have vol cues and are above last micro range and holding with volume. Let it be.
We broke TL lower and small vol bump. Not a ton of red selling, but we did drop a point.
Well there is another minor TL from intraday that seems to be holding it up now. .
Stopped out.
SPOT
LT trade with solid PA. V low vol retrace into HTF after big run up. Got a starter as it kept ticking higher but unable to get full fill or adds.
Got above vwap again with small vol bump.
Unhappy with tape here, spread is crazy and I was sized up decently. Early exit before it had a chance to breakdown. Couldve been a much larger than anticipated loss.
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Kept an eye on it and then we did see some buying come in. Also made a penny push lower from original entry and never went lower. Starting again small size, looking to add into it. If I can get filled.
And got in
Right away lost strength levels and vwap with big vol flush, but still not breaking lower from range.
Stopped out as it lost it.
BABA
A+ scalp. No follow through. Out bigger than wanted loss.
Settling for less again. SPOT trades were fine, BABA was fine, 1st 2 in NKLA were fine. Last 2 were not. Level is not that significant. Pmkt lows were just under it a bit, but even still, the stock is not clearly holding above the level regardless of vwap or not. Thats not my wheelhouse trade.
Aside from that theres also the issue of size. Losers are way too big on this name, all of them. I chased and now if red for it again. I wanted it to be a win and went a little bigger than usual, on a less than the best setup and now my P/L looks the way it does.
Not much to say, just want to trade. Yesterday was just an off day, want to reset and go from today.
Lots of all time high breaks today. Nothing but longs besides WORK and BA. And even those might turn into longs.
Just staying patient, no need to chase, no need to get eager. Best setups come to me after the levels are broken and held so wait for exactly that.
1. Stay Aggro
2. Follow PT rules
3. Do not scalp anything that does not have either volume cues or a failed break before the scalp.
NKLA
Scalp above HOD, nice and tight above HTF level. Got in on backside, originally didnt want to get in and got filled as I tried to cancel order. Lucky with exit for a tiny loss, next tick wouldve made it 3x as worse.
-----------------------------------------------------------------------------
Drifted its way back to HTF level and found hidden refresh buyer at vwap + 73. Got in in front. Unable to hold got out after he broke lower.
---------------------------------------------------------------------------------
Dropped lower and reclaimed again with huge vol spike. Got starter as we ticked back above 74
Getting v tight in between micro range high vwap and HTF.
Came right to stop loss and held, got back above levels again with buying. Added more.
Coiling holding above vwap with big bids here at whole number and some stepping in. SPY is dumping so no help there, vol also drying up and TL from HOD in play acting as R. Trade still on.
And stopped out.
-----------------------------------------------------------------
Again, ripped right back up above with more volume and got in on new range high break. And again, wrong right away as it dumped back on me.
Held higher still and got above micro range high and I added.
Looking to add more on mid range high break of 74.50. Buyers here and stepping stacking higher.
We are just above new TL from LOD, getting wedged in between it and 74.50 tight. We have vol cues and are above last micro range and holding with volume. Let it be.
We broke TL lower and small vol bump. Not a ton of red selling, but we did drop a point.
Well there is another minor TL from intraday that seems to be holding it up now. .
Stopped out.
SPOT
LT trade with solid PA. V low vol retrace into HTF after big run up. Got a starter as it kept ticking higher but unable to get full fill or adds.
Got above vwap again with small vol bump.
Unhappy with tape here, spread is crazy and I was sized up decently. Early exit before it had a chance to breakdown. Couldve been a much larger than anticipated loss.
-------------------------------------------------------------------------
Kept an eye on it and then we did see some buying come in. Also made a penny push lower from original entry and never went lower. Starting again small size, looking to add into it. If I can get filled.
And got in
Right away lost strength levels and vwap with big vol flush, but still not breaking lower from range.
Stopped out as it lost it.
BABA
A+ scalp. No follow through. Out bigger than wanted loss.
Settling for less again. SPOT trades were fine, BABA was fine, 1st 2 in NKLA were fine. Last 2 were not. Level is not that significant. Pmkt lows were just under it a bit, but even still, the stock is not clearly holding above the level regardless of vwap or not. Thats not my wheelhouse trade.
Aside from that theres also the issue of size. Losers are way too big on this name, all of them. I chased and now if red for it again. I wanted it to be a win and went a little bigger than usual, on a less than the best setup and now my P/L looks the way it does.
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