7/10 DRC
Big issue yesterday was settling for less. Took a lot of revenge trades after a few losses on some names, regardless of where they were relative to HTF significant levels/areas. In short I didnt trade my edge. That needs to be my main focus
1. Only take clean and clear setups above/under HTF levels. My best trades come from trades at them not away from them.
2. Follow PT rules.
3. Stay aggressive
SPY had a pretty nice selloff that it recovered half off yesterday. Today gapping into near LOD but already recovering a bit. 314.50~ seems to be a pretty important level for now, coming into play several times over the past week. Will be looking for longs off of it. Other than that, bigger picture is were range bound for the moment. Follow the stocks momentum. Long still the way to go.
Favorite setups on the day are TSLA, ROKU, LULU, WORK, MRNA need to be trading these ones bigger.
WMT
Market sold off to start and WMT into HTF zone. Got there and we saw some good buying so got a starter once we got above some bigger offers. Added as we ticked up.
SPY turned up but WMT sold off.
SPY
Made new HOD and didnt get much higher, came back to HTF zone and tried quick long. No go.
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Internals rolled and made new lows. I Flipped and went short. Didnt get full size I wanted but a little more than half. Good start. Looking for new LOD.
Vol was big on 1st candle down, internals still weak. SPY finding S though early on.
New LOD will be pretty important. Pmkt found some S there as well. Tough spot to get through, things seem to be slowing down to the downside, but at same time all signs still point lower. Might be rounding bottom here, maybe warning signs but must deal.
Trying to lose it but were not. Stop tightened to above whole number. Internals rolling up. And out all on break above 314. Looking to get back in at vwap.
Market stuffed lower hard and fast. No chance to get back in, didnt pull up enough.
SPCE
Weak open. Stayed weak under HTF level. Came back up yo it and saw a lot of selling and got in on vwap + htf rejection. Added as we went lower.
Looking for new LOD here.
SPY started ripping back above that HTF level and SPCE followed getting me out.
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Came back up and saw same vol rejection and got in again. Hidden sell to add.
SPY is up and made new high, internals coiling. Stopped out again.
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And back in again big size. As soon as I got out there was 0 action above vwap and a hidden seller again there. SPY also failing this move higher and internals not making new highs.
And cant hold lower again.
BABA
Lagging behind market weak. SPY again failing higher not moving higher well at all. BABA failed 3 times to make a new high at HTF level and saw selling with low vol. Got a starter and added as we ticked lower.
Huge flush to start trade, and immediately reversed recovering it all.
SPY up again, BABA following it seems. After that big flush, this doesnt need to be a loser. Stop just above breakeven. And stopped out.
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Much later on, held HTF level and anch vwap from LOD right with it. Slowly made its way too it again and we saw good buying and big bid. Missed my fill, waiting for 2nd chance.
And got it, we broke lower under range into HTF and big bid. Added as we went higher. Buying is here but not great. SPY dipped and sector weak too. And stopped. Think I was too big here. Context not great for a long.
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So now we got back above that level and held it with a lot of confluence. Back in long and added as we went higher. Held and had a nice pop, but rolled and stopped.
COST
Relatively weak given context. Got down to HTF level and reversed hard. I got in and added. not full size adds though didnt get the fill. Looking for new HOD. SPY made one and internals confirmed. Vol bump was here and lots of buying on tape.
Broke minor TL and came back to entry at vwap. on low vol. SPY the same and with internals. Couldnt hold it, stopped.
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Right after exit, it reclaimed again with good buying again and SPY ripping higher. Got back in on good upticks and right away stuffed me.
---------------------------------------------------------
Now going for scalp above range. Meets all criteria of 10star scalp. SPY also blasting off. Hidden seller stopping it so far.
Broke him finally and got in. Added. Looking for new HOD off this, vol is there.
Broke whole number, HOD just .12 cents above it. Taking half soon. And taken somewhat early. Not huge win at all. Perhaps didnt get big enough.
Didnt continue and out breakeven.
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Later on failed a TL breakdown past HTF level and got back above. Started seeing some bids come in with vol increase above it + SPY rising. Looks good for re entry.
TSLA
Reversal after huge squeeze higher. Monster 40pt move straight up with great candle action. Got in, saw what I liked and added.
Great start with vol and tape, but reversed on me and stopped for small loss.
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Repeat of same setup, same exact pa. Stopped out.
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Later on settled down a bit and kept inching for new HOD getting rejected twice and getting tight with rising TL. looking for short still on a failed move at new HOD.
Made new HOD with vol, reversed right away, came back up to retest old HOD and waiting to see the sell.
They are showing up and I got a starter and added some as we went lower. Vol telling me were running out of steam here. Getting high and tight, offers are here and vol decreasing telling me were ok for a short. Needs to lose it on the downside.
Added more as we broke under bid bid. Risk is pretty big here. Market still rising.
96 stop, got to 95 and weve seen refreshing big offers here. Unable to get above 95 now and starting to roll over maybe.
Usually dont pay attention to moving averages but they are holding price up nicely. Still volume doesnt lie neither does tape. Still waiting.
Broke me and out.
Screwed myself pretty good today. So many trades I think its a new record. I did a great job managing risk int he 1st couple hours. Took plenty of good trades at good locations. Nothing followed through for me though. I think at one point I was 2/21 and only down 250$. Potential Reward on that was $1500 so the RR was there. Just no winners.
WMT a fine loss.
SPY a good win, didnt get full size/fill. Once 9am hit, random dump, missed out. Fine.
SPCE, lots of trades here as they all looked good. Saw what I needed to see and sized up. Just couldnt go. Big thing was to change bias and start looking for that long that I did get and missed.
BABA overall wanted a short for big reversal and got a good setup for it. Held under level after failing to hold above. Again just couldnt go for me. SPY was popping higher, maybe a reason.
COST 1st loss was fine, buying dips into HTF level after failing under and got above. 2nd loss not ok. I did not give it the right space. If I did, wouldve had a win. I was not watching tape and randomly chose .50 which is the HTF level, but the pivot low, which 9/10 I always choose, was under .30.
The 2nd half was just terrible. COST I decided to use a stop that was not significant and got out on nothing, turned into a winner. BABA I got out, fine, but never looked to get back in on some real nice action around the level. Another win gone. FB I missed a really good win.
TSLA just a shorting nightmare. Saw a couple of good reversal setups that lost. Fine. Then revenge traded and dug my hole way deeper which is terrible. Not in my playbook. Just trading on a whim.
I traded like an idiot. And lost a lot of $$ to stupidity and carelessness. I put risk on anything that looked alright to try and make something back. I cannot get myself off the computer and walk away. I keep fighting the market trying to make it give me something. Even outside of my edge I know I make money on. Dont know what wrong with me today.
Working on weekly.
1. Only take clean and clear setups above/under HTF levels. My best trades come from trades at them not away from them.
2. Follow PT rules.
3. Stay aggressive
SPY had a pretty nice selloff that it recovered half off yesterday. Today gapping into near LOD but already recovering a bit. 314.50~ seems to be a pretty important level for now, coming into play several times over the past week. Will be looking for longs off of it. Other than that, bigger picture is were range bound for the moment. Follow the stocks momentum. Long still the way to go.
Favorite setups on the day are TSLA, ROKU, LULU, WORK, MRNA need to be trading these ones bigger.
WMT
Market sold off to start and WMT into HTF zone. Got there and we saw some good buying so got a starter once we got above some bigger offers. Added as we ticked up.
SPY turned up but WMT sold off.
SPY
Made new HOD and didnt get much higher, came back to HTF zone and tried quick long. No go.
-----------------------------------------------------------------------------
Internals rolled and made new lows. I Flipped and went short. Didnt get full size I wanted but a little more than half. Good start. Looking for new LOD.
Vol was big on 1st candle down, internals still weak. SPY finding S though early on.
New LOD will be pretty important. Pmkt found some S there as well. Tough spot to get through, things seem to be slowing down to the downside, but at same time all signs still point lower. Might be rounding bottom here, maybe warning signs but must deal.
Trying to lose it but were not. Stop tightened to above whole number. Internals rolling up. And out all on break above 314. Looking to get back in at vwap.
Market stuffed lower hard and fast. No chance to get back in, didnt pull up enough.
SPCE
Weak open. Stayed weak under HTF level. Came back up yo it and saw a lot of selling and got in on vwap + htf rejection. Added as we went lower.
Looking for new LOD here.
SPY started ripping back above that HTF level and SPCE followed getting me out.
--------------------------------------------------------------
Came back up and saw same vol rejection and got in again. Hidden sell to add.
SPY is up and made new high, internals coiling. Stopped out again.
-------------------------------------------------------------
And back in again big size. As soon as I got out there was 0 action above vwap and a hidden seller again there. SPY also failing this move higher and internals not making new highs.
And cant hold lower again.
BABA
Lagging behind market weak. SPY again failing higher not moving higher well at all. BABA failed 3 times to make a new high at HTF level and saw selling with low vol. Got a starter and added as we ticked lower.
Huge flush to start trade, and immediately reversed recovering it all.
SPY up again, BABA following it seems. After that big flush, this doesnt need to be a loser. Stop just above breakeven. And stopped out.
-------------------------------------------------------------
Much later on, held HTF level and anch vwap from LOD right with it. Slowly made its way too it again and we saw good buying and big bid. Missed my fill, waiting for 2nd chance.
And got it, we broke lower under range into HTF and big bid. Added as we went higher. Buying is here but not great. SPY dipped and sector weak too. And stopped. Think I was too big here. Context not great for a long.
------------------------------------------------------------
So now we got back above that level and held it with a lot of confluence. Back in long and added as we went higher. Held and had a nice pop, but rolled and stopped.
COST
Relatively weak given context. Got down to HTF level and reversed hard. I got in and added. not full size adds though didnt get the fill. Looking for new HOD. SPY made one and internals confirmed. Vol bump was here and lots of buying on tape.
Broke minor TL and came back to entry at vwap. on low vol. SPY the same and with internals. Couldnt hold it, stopped.
------------------------------------------
Right after exit, it reclaimed again with good buying again and SPY ripping higher. Got back in on good upticks and right away stuffed me.
---------------------------------------------------------
Now going for scalp above range. Meets all criteria of 10star scalp. SPY also blasting off. Hidden seller stopping it so far.
Broke him finally and got in. Added. Looking for new HOD off this, vol is there.
Broke whole number, HOD just .12 cents above it. Taking half soon. And taken somewhat early. Not huge win at all. Perhaps didnt get big enough.
Didnt continue and out breakeven.
----------------------------------------------------------------
Later on failed a TL breakdown past HTF level and got back above. Started seeing some bids come in with vol increase above it + SPY rising. Looks good for re entry.
TSLA
Reversal after huge squeeze higher. Monster 40pt move straight up with great candle action. Got in, saw what I liked and added.
Great start with vol and tape, but reversed on me and stopped for small loss.
---------------------------------------------------------
Repeat of same setup, same exact pa. Stopped out.
----------------------------------------------------------
Later on settled down a bit and kept inching for new HOD getting rejected twice and getting tight with rising TL. looking for short still on a failed move at new HOD.
Made new HOD with vol, reversed right away, came back up to retest old HOD and waiting to see the sell.
They are showing up and I got a starter and added some as we went lower. Vol telling me were running out of steam here. Getting high and tight, offers are here and vol decreasing telling me were ok for a short. Needs to lose it on the downside.
Added more as we broke under bid bid. Risk is pretty big here. Market still rising.
96 stop, got to 95 and weve seen refreshing big offers here. Unable to get above 95 now and starting to roll over maybe.
Usually dont pay attention to moving averages but they are holding price up nicely. Still volume doesnt lie neither does tape. Still waiting.
Broke me and out.
Screwed myself pretty good today. So many trades I think its a new record. I did a great job managing risk int he 1st couple hours. Took plenty of good trades at good locations. Nothing followed through for me though. I think at one point I was 2/21 and only down 250$. Potential Reward on that was $1500 so the RR was there. Just no winners.
WMT a fine loss.
SPY a good win, didnt get full size/fill. Once 9am hit, random dump, missed out. Fine.
SPCE, lots of trades here as they all looked good. Saw what I needed to see and sized up. Just couldnt go. Big thing was to change bias and start looking for that long that I did get and missed.
BABA overall wanted a short for big reversal and got a good setup for it. Held under level after failing to hold above. Again just couldnt go for me. SPY was popping higher, maybe a reason.
COST 1st loss was fine, buying dips into HTF level after failing under and got above. 2nd loss not ok. I did not give it the right space. If I did, wouldve had a win. I was not watching tape and randomly chose .50 which is the HTF level, but the pivot low, which 9/10 I always choose, was under .30.
The 2nd half was just terrible. COST I decided to use a stop that was not significant and got out on nothing, turned into a winner. BABA I got out, fine, but never looked to get back in on some real nice action around the level. Another win gone. FB I missed a really good win.
TSLA just a shorting nightmare. Saw a couple of good reversal setups that lost. Fine. Then revenge traded and dug my hole way deeper which is terrible. Not in my playbook. Just trading on a whim.
I traded like an idiot. And lost a lot of $$ to stupidity and carelessness. I put risk on anything that looked alright to try and make something back. I cannot get myself off the computer and walk away. I keep fighting the market trying to make it give me something. Even outside of my edge I know I make money on. Dont know what wrong with me today.
Working on weekly.
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