6/25 DRC
Trying to take it slow today. Same as I have been past 2 weeks. Going on vacation tomorrow and things getting a little hectic getting stuff ready. If my mind is everywhere, my trading will be too. Taking good trades has to be main focus, cant get caught doing things outside of whats been working for me.
SPY gapping down just a small bit. Things look like, if they want to accelerate lower this could be it. Got a nice TL in play from march lows and we broke it yesterday. Also in the middle of the big gap down from last week. Were in a tricky spot. Should be rather indecisive, the only trend or big moves I see happening are to the downside so thats where my focus is at today on names. If we do move higher, I expect it to be pretty grindy/choppy and nothing coming easy.
Just trade the easy looking setups
1. Dont trade anything that isnt clean and clear.
2. Follow PT rules
3. Get aggressive only if its there. Lower probability setups do not deserve much risk.
APT
Wide moves to start the day. Overall strong with vol. Came back to vwap + daily hi level and saw big buyer, got in in front. Great RR but couldnt hold.
MRNA
Huge dump, finally gave up it seems. Lost just about everythign and made huge 4 point move in minutes. Right into anchored vwap from a pivot low. Got a nice cnadle with volume and got in, never negative.
Just a solid mover, went right to PT and took off 1/4, waiting to take other 1/4 off on 1min low.
And got it. Leaving 1/4 to ride.
Came down to prev TL at 60 and bounced a bit, will be stop for last bit. Expecting it to get back to vwap.
Came right to top TL and bounced lower, and held 60 with huge bids. Came up broke top TL, but no pop, rejected lower and stopped me out.
And done on the day. Not forcing it. Got better things to do, happy to be green. Half year review coming soon.
SPY gapping down just a small bit. Things look like, if they want to accelerate lower this could be it. Got a nice TL in play from march lows and we broke it yesterday. Also in the middle of the big gap down from last week. Were in a tricky spot. Should be rather indecisive, the only trend or big moves I see happening are to the downside so thats where my focus is at today on names. If we do move higher, I expect it to be pretty grindy/choppy and nothing coming easy.
Just trade the easy looking setups
1. Dont trade anything that isnt clean and clear.
2. Follow PT rules
3. Get aggressive only if its there. Lower probability setups do not deserve much risk.
APT
Wide moves to start the day. Overall strong with vol. Came back to vwap + daily hi level and saw big buyer, got in in front. Great RR but couldnt hold.
MRNA
Huge dump, finally gave up it seems. Lost just about everythign and made huge 4 point move in minutes. Right into anchored vwap from a pivot low. Got a nice cnadle with volume and got in, never negative.
Just a solid mover, went right to PT and took off 1/4, waiting to take other 1/4 off on 1min low.
And got it. Leaving 1/4 to ride.
Came down to prev TL at 60 and bounced a bit, will be stop for last bit. Expecting it to get back to vwap.
Came right to top TL and bounced lower, and held 60 with huge bids. Came up broke top TL, but no pop, rejected lower and stopped me out.
And done on the day. Not forcing it. Got better things to do, happy to be green. Half year review coming soon.
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