6/3 DRC
Yesterday I traded great. Market broke a lot of structure early on so called in an early day. We cannot seem to stop going up, so until then Long is the way to go. Still getting tighter in this wedge, internals looking way over extended so the longer we do this, the more likely the next drop is gonna be ugly.
Some A+ looking setups out there. Some breakout continuations, some starting a breakout. AMAT WMT DDOG GOOG ATHM getting super tight. TSLA PTON TGI BIDU XLNX continuing breaks. ZM CRWD DKNG very over extended looking for some pb shorts, or may continue to rip, will take both ways.
Goals
1. Stay aggro
2. Wait for PA to be clean and clear, holding above HTF levels.
3. Best trades are on pbs with high RR. Be patient, no need to chase.
GOOG
Number one on the day is a scalp. Had HOD just under huge range bo. Went for scalp entry and added as tape looked good. SPY sideways after the bell, but overall up.
Had nice pop. Big bid was there but kept removing and stepping lower. L
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Bid is odd hes here and refreshing. We started ticking up and I got in and followed. Will exit if he breaks.
Kept adding as he stepped higher.
RVOL very low so we need SPY and currently is dumping hard.
We made new HOD, someone took him out and we retraced so out again.
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Someone is buying GOOG today. Again much later and lower under vwap but above prev HOD> that big bid is still here. We failed 3 breakdowns under vwap and hes still here so I got a starter again. Added as he stepped up and we ticked higher.
SPY is also at new HOD still trending up.
And hes gone again, not taken out, just gone. Other bids are coming in though so this is good.
Added more as another big bid came in. Maxed out for now. Waiting for new HOD if we can keep this trend rolling. Needs to reclaim vwap and original huge breakout level 1441.
Came to vwap, tape skippy all over. Other big bid here still. Waiting for recent pivot breakout higher to see what we can do. May change stop to b/e afterwards.
Failing to get above vwap here. Vol also dropping. Bid still here moving around.
Trade taking way to long, bid is here but keeps dropping, feels like im getting spoofed.
Stop changing to just under breakeven. SPY still trending higher.
He just keeps dropping. Like hes trying not to get hit. All out.
CRWD
Big over extended name, failed a move at the open and came to make a range under vwap. Got above and found selling. Got a starter.
Added as we ticked lower, sellers still here.
Added as we ticked lower again sellers still here.
Just couldnt hold lower stopped out.
DKNG
Weak open, lost all HTF levels and retraced some. Broke above vwap into HTF level, found plenty of selling and hidden seller. Big offers here. Got a started and added as we kept ticking lower.
Struggling to get under .30s, sellers here still.
TL almost in play from LOD. needs to hold under vwap and .50s
Unable to hold any lower, stopped out above. Should have gotten out sooner and quicker after low vol attempt lower.
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Much later in the afternoon it had been weak all day and formed a big base under prev lod + vwap. Looking for a range break higher into both of those to short again.
Broke above slowly and we saw big offers in there. They got take out so waiting for test at 40 to see if well keep grinding up. Signs look good for a short though.
Broke 40 and went nowhere, hidden refresh sellers showed up I got as big as I could in front. Pissed because tradestation is screwing with me. I got shorts before the bell, now its telling me I dont have them. Tried adding in smaller sizes and it let me. Was at 200 tried to add more, couldnt. Tried adding lower, and it let me.
Stopped out anyways.
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Trying again, completely unable to get above this area.
Didnt get full fill, sellers coming in. F
Have to wait on retest to add more in again. Was only risking .05 cents. Wanted 250 shares only got 116.
Lost vwap and HTF level, If it wants to flush now is the time to do it. Have to be aggro on adds If I want a good RR
Looked like hidden seller showed up. Not great spot but trying to get in. Cant.
Buyers coming in maybe, taken out though. Sellers still in control.
Big bid showed up at .65. Still waiting for better entry.
We took him, but nothing happening. Starting to see warning signs. Volume drying up here.
Chased a bit as I saw huge seller come in. Once he broke I am all out. Waiting to see something to get back in.
Were in contact with TL from LOD. Bids here. Seller here, waiting to see if refreshing.
He did and im back in, stop just above him. Stopped out.
Waiting to see more to get back in. Buyers defending this, not sure we have enough to plow through lower yet. Want to see tape higher up still, feels like Id be chasing down here.
Re entrered on pb to TL + big offer.
Added on big seller stepping back in. Pretty big now, vol weak on PB. We look good for 39 break.
SPY losing it, Spread getting pretty wide with bids dropping and getting thing. Needs to start rolling over and picking up the pace here. No reason to change stop yet.
Bids coming in, we should have been long gone by now. Stop changed to just above breakeven. And out.
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Broke original stop so good exit. Waiting to see more higher on other TL in play + HTF level. Big offer sitting here still.
Came up to TL .75 and found decent sized offer unable to break through. Vol on this up move is spiking so dont want to get in front of it yet. Waiting for rollover action for a starter.
Took PPC trade and didnt see massive sellers come in as it was rolling over. Missing my chance for good entry. Waiting for good entry still.
Pulled up a flash, got a smaller starter in front. Want bigger size closer to him.
Sideways. About 40k I can see around 39.60
Ran into hidden buyer in front of big bids. All out for moment. PA is same as last time we should be going and gone, but were not. Vol drying up again. Will wait for test of those big offers.
Hidden seller stepped in front, got take out.
Buyers took one 10k out, now onto the 25k
TL almost in play after redraw. Will be right on top of big sell.
He keeps moving his order back and forth. Getting small starter again.
Decent bid here, taken out Added. Again at a should be rolling over lower point.
Vol drying up and still very tight. Just waiting to see who wins here.
Big sell got hit and removed order. Other big sell holding just in front of stop.
Hes jumping all over. Stopped again.
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Trying one last time with wider stop and smaller size. Im out of locates. We failed another triangle break higher and big sellers still came in and held it lower. Just sitting this time. Going to work on stats and charts. It either gets me out at 39.75 or hits PT.
Got a big flush and huge sellers again came in... Added apparently I had 50 shares left. Stop same.
Out.
MORNING
Not a good morning. Already down what I won yesterday. Sucks. They were good trades with good cues. GOOG just couldnt go. Tape was there, HTF was there, SPY was there. I suppose I was a bit early with respect to HTF level. Wed broken above it once and couldnt move away. Came back to vwap + prev HOD and tape cues told me to get in as he was stepping up, again just couldnt go. I could blame SPY I guess, once it started dumping he got taken out.
CRWD Was ok too. Made a base underneath AH hi + intraday range high. Tested above and we found the selling so I was ok with that entry. Only thing i see 'wrong' is before the break higher, the volume under vwap was dead low telling us selling pressure has dried up for the moment. Thought we had enough just above the range break but guess it needed higher on prev ATH test. then it dumped several points.
DKNG same case as CRWD. Range break above vwap and HTF level, saw sellers taking out big bids and hidden. Unable to drop any lower. I did make the mistake of not getting out fast enough. It was a low vol attempt back into/under vwap and TL from lod. I should have tightened stop above last hidden seller I saw. Wouldve saved half of what I lost.
Need to chill and stay patient. Good trades will come to me and need to see it on the tape. No chasing.
SPY
Divergence play. Ripped up after breaking uptrendline twice higher. Super over extended.
Tried once, failed small L.
Tried again, now must wait for new TLs to get over extended from. Internals made new highs, but not by much.
Vol thinning as we are getting closer to TLs
Spotted for 1st time a hidden refresh seller. Got in off him. But right away he broke. Out for tiny loss. Waiting for over extension again.
Never came and based out.
TSLA
Scalp short. Failed above vwap many times. Nice base at 888. SPY also finally losing uptrendline and seeing weakness on internals. Thinking there will be a flush here.
Couldnt find the weakness. Stopped out above whoel number reclaim.
SIG
Reversal. Solid over ext. Clear tape. Para. Great start, but unable to follow through. Small Win.
PPC
Breaking news reversal. Dumped 3 points in minutes, had clear break level to go with. Tape was there and got in, but no follow through, sellers came in again.
DKNG
Later in day took a scalp above that 40.05 area. Huge pop, nice win, made back some money.
IRM
A+ reversal. Everything except ATR move. Got an add case too. Not a fast mover so huge size, only looking for a dime or so. Over extension into D level + vol + selling on tape and offers coming in holding lower.
Doesnt seem to have to gas to make a quick move. Stopped tiny win.
TWTR
Stupid over extended just like IRM. Also into D breakout level. Great TL to play against, seeing selling coming in before hand.
TRMB
Reversal. Para. Over. Vol. Tape.
Bids appeared and stepped up. Out early.
THC
Bottom Reversal. Huge vol increase and hidden seller. In once he breaks.
Huge buying, Seller must be massive.
Got above and huge vol increase. Tape seemed weird but I added and looked like we had more hidden sellers. Was unable to continue the pop. Stopped out.
This is one of those special ones where I get a 2nd chance.
Failed to make new LOD on less vol. Pivot high at .60 back in above for late day squeeze. 15 minutes left.
Got 2nd cahcne. Good break, good vol. Lets see if It can continue.
SPY must be having an influence, that odd 250 spike in vol made the spread get super wide and thin.
Looked like we ran into another hidden seller. After bigish bid was broke I took half early. TL has been broken but we need to be rolling higher much faster. No selling should be here. Just waiting.
Seems to be hitting more hidden selling. Cut another half off. Stop at be.
And out
Nightmare of a day. Recap of trades.
GOOG
Scalp was fine. Just a loss.
2nd trade I chased. Yes I did have 'big' buyer stepping up with price as I had seen before. But my 1st entry was 5 points away from proper stop AND we had not held above HTF breakout level, only retested prev HOD and held mostly. And I added 4 more times as he was there into HOD. Not good RR for my size. The initial trade was fine. I can live with getting in where I was given the tape, but adding 4 more times given HTF context seems like im too big for where we are. GOOG did not confirm it wanted to breakout. If anything it failed the break and said not yet.
3rd was settling for less. Again failed HTF breakout, got back under vwap and held prev HOD. Why should I care if its holding prev HOD when its failed 3 other times to hold higher above more important levels. Settling for less.
CRWD
1. I gave to much credit to the level I was looking at. 101 was somewhat significant and did come into play both pmkt and intraday. We busted above it after a dead volume period under vwap telling me buyers are drying up. We got above 101 and bids were here with a vol increase. We never got back under 101. I was too eager to put this trade on and tape never really showed anything. Should have dealt with smaller size and waited for actual rejection and sellers reclaiming 101. Error. Should not have been involved.
DKNG
Biggest headache ive had in a while from this guy.
1st trade I took I should have not taken, apparently I left a level on my chart that should not have been there as it was totally irrelevant.
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Much later in day I re grouped myself and got it together. Waited patiently for a failed retest / break of range and got it. Saw sellers on the tape and stepped lower. No complaints, just didnt work. Buying was there on the bottom end so was not able to see that 39 bust.
I followed and I traded what I saw. I liked the selling, it was at good locations. The biggest problem here was my emotions, I didnt trade poorly or anything. The stock just didnt react how I wouldve like to see and tradestation was messing with me with short locates. It was using up a good amount of mental capital.
All in all on these trades that I was supposed to take I risked 350$ and walked away with 80$ in losses. Still goof risk management and potential was there to make some really good money.
The other trades were fine. Just that. Fine. Nothing super special. Nothing standoutish. But profitable. As they should be. Made some money back which is great. But dug myself way too big of a hole.
I was too eager to get a trade on. I saw AMAT and osme other names blow up right at the beginning, so I settled for anything I could get.
'GOOG is in a really bullish spot, lets get long and watch it blow up too.' Nope. Nothing stuck and held levels like they should before I trade. I started this day down 275$ and only 50$ of it should have been there.
I lost money, but i fought for it back. Didnt give up, took good trades. Let the trading do its work. Sucks. A lot. But nothing one good trade cant make back for me. Just try again tomorrow.
Some A+ looking setups out there. Some breakout continuations, some starting a breakout. AMAT WMT DDOG GOOG ATHM getting super tight. TSLA PTON TGI BIDU XLNX continuing breaks. ZM CRWD DKNG very over extended looking for some pb shorts, or may continue to rip, will take both ways.
Goals
1. Stay aggro
2. Wait for PA to be clean and clear, holding above HTF levels.
3. Best trades are on pbs with high RR. Be patient, no need to chase.
GOOG
Number one on the day is a scalp. Had HOD just under huge range bo. Went for scalp entry and added as tape looked good. SPY sideways after the bell, but overall up.
Had nice pop. Big bid was there but kept removing and stepping lower. L
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Bid is odd hes here and refreshing. We started ticking up and I got in and followed. Will exit if he breaks.
Kept adding as he stepped higher.
RVOL very low so we need SPY and currently is dumping hard.
We made new HOD, someone took him out and we retraced so out again.
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Someone is buying GOOG today. Again much later and lower under vwap but above prev HOD> that big bid is still here. We failed 3 breakdowns under vwap and hes still here so I got a starter again. Added as he stepped up and we ticked higher.
SPY is also at new HOD still trending up.
And hes gone again, not taken out, just gone. Other bids are coming in though so this is good.
Added more as another big bid came in. Maxed out for now. Waiting for new HOD if we can keep this trend rolling. Needs to reclaim vwap and original huge breakout level 1441.
Came to vwap, tape skippy all over. Other big bid here still. Waiting for recent pivot breakout higher to see what we can do. May change stop to b/e afterwards.
Failing to get above vwap here. Vol also dropping. Bid still here moving around.
Trade taking way to long, bid is here but keeps dropping, feels like im getting spoofed.
Stop changing to just under breakeven. SPY still trending higher.
He just keeps dropping. Like hes trying not to get hit. All out.
CRWD
Big over extended name, failed a move at the open and came to make a range under vwap. Got above and found selling. Got a starter.
Added as we ticked lower, sellers still here.
Added as we ticked lower again sellers still here.
Just couldnt hold lower stopped out.
DKNG
Weak open, lost all HTF levels and retraced some. Broke above vwap into HTF level, found plenty of selling and hidden seller. Big offers here. Got a started and added as we kept ticking lower.
Struggling to get under .30s, sellers here still.
TL almost in play from LOD. needs to hold under vwap and .50s
Unable to hold any lower, stopped out above. Should have gotten out sooner and quicker after low vol attempt lower.
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Much later in the afternoon it had been weak all day and formed a big base under prev lod + vwap. Looking for a range break higher into both of those to short again.
Broke above slowly and we saw big offers in there. They got take out so waiting for test at 40 to see if well keep grinding up. Signs look good for a short though.
Broke 40 and went nowhere, hidden refresh sellers showed up I got as big as I could in front. Pissed because tradestation is screwing with me. I got shorts before the bell, now its telling me I dont have them. Tried adding in smaller sizes and it let me. Was at 200 tried to add more, couldnt. Tried adding lower, and it let me.
Stopped out anyways.
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Trying again, completely unable to get above this area.
Didnt get full fill, sellers coming in. F
Have to wait on retest to add more in again. Was only risking .05 cents. Wanted 250 shares only got 116.
Lost vwap and HTF level, If it wants to flush now is the time to do it. Have to be aggro on adds If I want a good RR
Looked like hidden seller showed up. Not great spot but trying to get in. Cant.
Buyers coming in maybe, taken out though. Sellers still in control.
Big bid showed up at .65. Still waiting for better entry.
We took him, but nothing happening. Starting to see warning signs. Volume drying up here.
Chased a bit as I saw huge seller come in. Once he broke I am all out. Waiting to see something to get back in.
Were in contact with TL from LOD. Bids here. Seller here, waiting to see if refreshing.
He did and im back in, stop just above him. Stopped out.
Waiting to see more to get back in. Buyers defending this, not sure we have enough to plow through lower yet. Want to see tape higher up still, feels like Id be chasing down here.
Re entrered on pb to TL + big offer.
Added on big seller stepping back in. Pretty big now, vol weak on PB. We look good for 39 break.
SPY losing it, Spread getting pretty wide with bids dropping and getting thing. Needs to start rolling over and picking up the pace here. No reason to change stop yet.
Bids coming in, we should have been long gone by now. Stop changed to just above breakeven. And out.
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Broke original stop so good exit. Waiting to see more higher on other TL in play + HTF level. Big offer sitting here still.
Came up to TL .75 and found decent sized offer unable to break through. Vol on this up move is spiking so dont want to get in front of it yet. Waiting for rollover action for a starter.
Took PPC trade and didnt see massive sellers come in as it was rolling over. Missing my chance for good entry. Waiting for good entry still.
Pulled up a flash, got a smaller starter in front. Want bigger size closer to him.
Sideways. About 40k I can see around 39.60
Ran into hidden buyer in front of big bids. All out for moment. PA is same as last time we should be going and gone, but were not. Vol drying up again. Will wait for test of those big offers.
Hidden seller stepped in front, got take out.
Buyers took one 10k out, now onto the 25k
TL almost in play after redraw. Will be right on top of big sell.
He keeps moving his order back and forth. Getting small starter again.
Decent bid here, taken out Added. Again at a should be rolling over lower point.
Vol drying up and still very tight. Just waiting to see who wins here.
Big sell got hit and removed order. Other big sell holding just in front of stop.
Hes jumping all over. Stopped again.
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Trying one last time with wider stop and smaller size. Im out of locates. We failed another triangle break higher and big sellers still came in and held it lower. Just sitting this time. Going to work on stats and charts. It either gets me out at 39.75 or hits PT.
Got a big flush and huge sellers again came in... Added apparently I had 50 shares left. Stop same.
Out.
MORNING
Not a good morning. Already down what I won yesterday. Sucks. They were good trades with good cues. GOOG just couldnt go. Tape was there, HTF was there, SPY was there. I suppose I was a bit early with respect to HTF level. Wed broken above it once and couldnt move away. Came back to vwap + prev HOD and tape cues told me to get in as he was stepping up, again just couldnt go. I could blame SPY I guess, once it started dumping he got taken out.
CRWD Was ok too. Made a base underneath AH hi + intraday range high. Tested above and we found the selling so I was ok with that entry. Only thing i see 'wrong' is before the break higher, the volume under vwap was dead low telling us selling pressure has dried up for the moment. Thought we had enough just above the range break but guess it needed higher on prev ATH test. then it dumped several points.
DKNG same case as CRWD. Range break above vwap and HTF level, saw sellers taking out big bids and hidden. Unable to drop any lower. I did make the mistake of not getting out fast enough. It was a low vol attempt back into/under vwap and TL from lod. I should have tightened stop above last hidden seller I saw. Wouldve saved half of what I lost.
Need to chill and stay patient. Good trades will come to me and need to see it on the tape. No chasing.
SPY
Divergence play. Ripped up after breaking uptrendline twice higher. Super over extended.
Tried once, failed small L.
Tried again, now must wait for new TLs to get over extended from. Internals made new highs, but not by much.
Vol thinning as we are getting closer to TLs
Spotted for 1st time a hidden refresh seller. Got in off him. But right away he broke. Out for tiny loss. Waiting for over extension again.
Never came and based out.
TSLA
Scalp short. Failed above vwap many times. Nice base at 888. SPY also finally losing uptrendline and seeing weakness on internals. Thinking there will be a flush here.
Couldnt find the weakness. Stopped out above whoel number reclaim.
SIG
Reversal. Solid over ext. Clear tape. Para. Great start, but unable to follow through. Small Win.
PPC
Breaking news reversal. Dumped 3 points in minutes, had clear break level to go with. Tape was there and got in, but no follow through, sellers came in again.
DKNG
Later in day took a scalp above that 40.05 area. Huge pop, nice win, made back some money.
IRM
A+ reversal. Everything except ATR move. Got an add case too. Not a fast mover so huge size, only looking for a dime or so. Over extension into D level + vol + selling on tape and offers coming in holding lower.
Doesnt seem to have to gas to make a quick move. Stopped tiny win.
TWTR
Stupid over extended just like IRM. Also into D breakout level. Great TL to play against, seeing selling coming in before hand.
TRMB
Reversal. Para. Over. Vol. Tape.
Bids appeared and stepped up. Out early.
THC
Bottom Reversal. Huge vol increase and hidden seller. In once he breaks.
Huge buying, Seller must be massive.
Got above and huge vol increase. Tape seemed weird but I added and looked like we had more hidden sellers. Was unable to continue the pop. Stopped out.
This is one of those special ones where I get a 2nd chance.
Failed to make new LOD on less vol. Pivot high at .60 back in above for late day squeeze. 15 minutes left.
Got 2nd cahcne. Good break, good vol. Lets see if It can continue.
SPY must be having an influence, that odd 250 spike in vol made the spread get super wide and thin.
Looked like we ran into another hidden seller. After bigish bid was broke I took half early. TL has been broken but we need to be rolling higher much faster. No selling should be here. Just waiting.
Seems to be hitting more hidden selling. Cut another half off. Stop at be.
And out
Nightmare of a day. Recap of trades.
GOOG
Scalp was fine. Just a loss.
2nd trade I chased. Yes I did have 'big' buyer stepping up with price as I had seen before. But my 1st entry was 5 points away from proper stop AND we had not held above HTF breakout level, only retested prev HOD and held mostly. And I added 4 more times as he was there into HOD. Not good RR for my size. The initial trade was fine. I can live with getting in where I was given the tape, but adding 4 more times given HTF context seems like im too big for where we are. GOOG did not confirm it wanted to breakout. If anything it failed the break and said not yet.
3rd was settling for less. Again failed HTF breakout, got back under vwap and held prev HOD. Why should I care if its holding prev HOD when its failed 3 other times to hold higher above more important levels. Settling for less.
CRWD
1. I gave to much credit to the level I was looking at. 101 was somewhat significant and did come into play both pmkt and intraday. We busted above it after a dead volume period under vwap telling me buyers are drying up. We got above 101 and bids were here with a vol increase. We never got back under 101. I was too eager to put this trade on and tape never really showed anything. Should have dealt with smaller size and waited for actual rejection and sellers reclaiming 101. Error. Should not have been involved.
DKNG
Biggest headache ive had in a while from this guy.
1st trade I took I should have not taken, apparently I left a level on my chart that should not have been there as it was totally irrelevant.
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Much later in day I re grouped myself and got it together. Waited patiently for a failed retest / break of range and got it. Saw sellers on the tape and stepped lower. No complaints, just didnt work. Buying was there on the bottom end so was not able to see that 39 bust.
I followed and I traded what I saw. I liked the selling, it was at good locations. The biggest problem here was my emotions, I didnt trade poorly or anything. The stock just didnt react how I wouldve like to see and tradestation was messing with me with short locates. It was using up a good amount of mental capital.
All in all on these trades that I was supposed to take I risked 350$ and walked away with 80$ in losses. Still goof risk management and potential was there to make some really good money.
The other trades were fine. Just that. Fine. Nothing super special. Nothing standoutish. But profitable. As they should be. Made some money back which is great. But dug myself way too big of a hole.
I was too eager to get a trade on. I saw AMAT and osme other names blow up right at the beginning, so I settled for anything I could get.
'GOOG is in a really bullish spot, lets get long and watch it blow up too.' Nope. Nothing stuck and held levels like they should before I trade. I started this day down 275$ and only 50$ of it should have been there.
I lost money, but i fought for it back. Didnt give up, took good trades. Let the trading do its work. Sucks. A lot. But nothing one good trade cant make back for me. Just try again tomorrow.
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