7/30 DRC
Most big name earnings are all coming out today after the bell, which usually means its gonna be a choppy day. After these names report is when we get some kind of good idea which way the market is headed. Not to say before hand isnt either but the reaction will be more important than what leads up to it.
Expecting a slow day today. Dont need to force anything. Tomorrow will be just as busy if not more so than yesterday.
Some other names did come out with earnings before hand so I do have my eye on plenty. For the earnings plays I am just looking for my levels to come into play with clear strength or weakness and follow it. Nothing special, no premeditated bias, will let the price action do all the talking.
1. Stay patient, nothing but clear PA at my HTF levels.
2. BIG picture, if 1st entry missed, take 2nd with smaller size and deal.
3. Follow risk plan
4. Nothing less than 8star fav.
5. Follow direction of SPY
These big companies coming out with earnings and how we react from here will set the tone going forward. Follow it if it makes sense and is clear, if it doesnt make sense, dont force anything until it does.
SPY gapping down pretty good. Got under prev lod, but currently reclaiming and looking to hold above. Making it hard to find a good long. Originally I liked a lot of longs for favorites, but now gapping down will make it a bit harder
FSLY l
ROKU l
RRGB l
WKHS l
PYPL l
QCOM l
UPS s
WKHS
Super strong open breaking a few HTF breakout levels. Looking for deep pb to get long.
Pushed under vwap, 1st bounce was good but didnt see enough to get in yet. Waiting on 2nd.
Got good 2nd cahnce with big bid, quick in and out for loss but quickly got back in as it held and reclaimed again.
Market not helping at all but clearly buying here.
Too bad got pretty big, SPY dumping faster and harder as we go. No help for this trade.
As always though good exits dont fight it. Crashed another .75 cents just a bit after. Coulve been huge loss.
PFE
While back gap, weak today with market weakness. Pulling up to vwap / HTF after big flush to new LOD.
Got above it, too far for me to stay interested but got back under again, will wait on a new retest.
Built lower and came back to vwap just under prev lod. Looking for short. Market is gaining some strength but weakening already.
KODK
Big ripper. Sideways to start but holding above prev ATH twice now and had good tape action but was a bit slow. Waiting on 2nd chance.
Huge refresh bid at 37.50 got in in front very nice. Looking for retrace to vwap. Vol cues show downtrend weakening. Both sides have a lot going on.
Had nice pop but big offers brought us right back down. Looked like we might bust through so early exit. Can always get back in.
No go but good call, couldve been much larger loss as it broke through.
------------------------------------------------------------------------------------------
Broke down a point and more but came back up above prev ath again. Looking for long.
Can tell from trend sellers are tired. Not as strong on downside. Came into .70 again and was super slow. Got in on upticks and added above 38. Looking for vwap test here. Probably lots of bags wanting out at breakeven again. Would be nice to see the pivot break but manage expectations.
Did come back to enrty and offer showed up at 38 and bid at .75 Moved stop to under him.
Again good call, flushed half a point as soon as it broke lower. Is possible for another reset.
---------------------------------------------------------------------------------
Didnt reclaim yet, but still no big flush and huge bids still around. PA telling me were due for a pullback short pop soon. Vol low. Bids strong, fail to breakdown.
Nope had to say something then we saw the vol come in on the sell side into lod.
1ST HALF
Market is doing what I thought we might, whole lotts no direction. Big moves both directions, neither sticking. Going to be super patient today in waiting for something clear.
Down a decent amount. WKHS the main cause. I liked what I saw and got big, gotta deal. The only issue I see was the market was weak and headed towards LOD. But the tape alone led me to get in and I should always trade the stock not the SPY.
UPS
super strong move here, wide rising wedge. Getting to the over extended point. looking for reversals.
Market is getting strong and breaking out, UPS weakening up here.
Got what I need and tape cues, just waiting on the move lower now. Great start. Shouldnt over stay my welcome.
And did not last long at all. Ripped right back up, out brekaeven.
KODK
had nice fall, but came up to reclaim level again and big buying happening once again. Thinking we may get a squeeze soon.
Came lower into TL, saw no big bids, but sellers unable to break it down again.
And then did see a big bid come in. Have to wait still, must be patient for best case scenario here. Dont need to get in when im not supposed to. Need to see hes real and holding.
He was real, and we broke lower, but no flush, got back above and hes there again. Looking for in.
Got in and other bids followed. SPY ripping higher.
Retraced to it already and doesnt seem to be here anymore, but were not selling off yet.
They are here again and stacking. Getting v tight with MAs.
Couldnt hold. All out, then the flush came.
WKHS
Back again after weakness all day, squeezed above vwap.
Came back to test it after testing top TL frm HOD and we found stacked bids. Tape so clear, Got long big added twice.
Looking to get above prev pivot high we just had. Market still strong.
Another push up blocked by hidden sell. Then big offers came. Were very tight, just waiting. Can still go. Stop is reduced.
Made new micro high, huge bid came in.
Damn shame that didnt go. looked so good. Put the size on too. Escaped unharmed small L.
----------------------------------------------
Didnt take long and right back in as after the flush, bought up and even bigger bid showed up.
Got in in front, but again no go. SPY also falling at the moment.
------------------------------------------------------------------
More time passed and we got a failed trendline breakdown lower from vwap and got back to it. Deciding now if theres a trade here.
BLNK
Same as WKHS, weak and sudden pop with vol holding above. Looking for retrace to vwap + ah hi to get long.
Tape showing big bids down here.
Got low enough to convince me there was nothing to be done, then ripped up half a point resetting.
Seen huge bids this whole time we base down here. Got a starter early above him. Getting very tight. TLs and MAs
Stepped up bids followed I added. Stop decently tight.
Each time we dip lower we keep propping it back up/ Bottom TL just under price and will be stop. We keep flashing big bids so I know were here. Offers are here too though, almost same case as WKHS.
I doubled size when I mean to add small. If I get chance to get out of it breakeven I should take, but trade still looks fine.
Turning point right now, we got above micro pivot and all MAs on 1/5/10
Should go now.
13 big offer, got above with lots of buys.
Huge vol increase into top TL.
Offers are big and thick, took off that extra piece I was too big on.
And got bid up again right away. 13.34 number to beat, offers lo .20s are big. Unable so far. Should plow through if theres really the demand here. Will not let this go negative now.
Collapsed on me. Out breakeven.
-------------------------------------------------------------------
No problem getting back in if I see it lower. Offers are just huge right now and we are getting super tight.
Not giving a pb deep enough for me to want in yet, I gotta see it. Will go for scalp above range though.
Got the scalp and added, big offer came in and rejected us lower again. and out small L.
And I was wrong, exploded higher.
This ONE TIME. If I didnt touch the trade wouldve been a winner. I tell you the way that stock acted was not that of my best winners. I cant feel bad about exiting that 1st position. To be up 3R, and give it all back, those things dont happen with my best winners.
I looked for a way back in but never got it so settled for scalp. Which also did not act right.
The name just shook me out before it wanted to make its move. I cant adapt my trading style just because one stock this one time fucked me. Its absolutely annoying to see this garbage happen. Win wouldve erased all my losses this week. 1 trade.
RECAP
1st trades on WKHS
-Fine. Strong open. Came down to level and held with good tape. Didnt bounce back up for me. SPY was also weak at this moment.
2nd.
Better than the 1st. Late day pop back above levels with tight TL. Came to it and held, decent bids. On pop saw huge buying. Sellers were hidden on offer and could not get through.
Sized up huge everything was there for me. Great exit, plenty of warning signs and escaped small L.
Re entered as soon as it reset and more giant bids came in. Reacted quickly and with size, reset the trade. But same case, couldnt get through after holding tight for a while. A little screwed on exit, but fine overall.
1st on KODK
Just looking at it I think I settled for less here. An argument can be made the PA is looking like selling is drying up, low vol on attempt lower, but trend clearly down and under vwap and MAs, SPY also was weak and not popping back up yet. Tape may have been 1 thing in my favor, but overall I think this should have been an avoid. Marking as settling for less.
I think a scalp here would have been fine. That is part of my playbook. Bid was massive and we did get a decent bounce from it, couldve been a wallet padder win.
2nd
Better setup. With failure, and as time had passed it had coiled a while with still good tape cues. Didnt go for me.
UPS
Reversal didnt go. Fine.
BLNK
1st 3 entries were great and respected everything Id want to see. Close to stopping me out, but didnt and held and I added as I should. Got to the point of what I call no return, where the stock should go and never come back. Got to top TL and broke minor pivot and nothing happening. Nothing major on tape, the pullback was just so fast and all the way back to entry I wasnt going to give it up
Looked for re entry, never got to test bottom TL. I think this is one of those cases where I sacrificed the big picture idea. Get in now. Save max risk for best price. Just put 200 shares back on, risk 20cents and id have caught the move. But because I wanted max size from the start I missed it.
Scalp was great from the start, good tape, but again these pullbacks got to me. Too far too fast and I bailed bottom tick out as it turned and blasted off.
So what exactly went wrong today. Few things. Ignored market conditions, took trade anyways. Too big size when it was not planned/necessary. Left it on anyways, took bigger loss than necessary. Did not get back in on the 1 good win of the day.
Risk was managed well again overall, some more bs today. Monthly review is talking about what to do more.
Expecting a slow day today. Dont need to force anything. Tomorrow will be just as busy if not more so than yesterday.
Some other names did come out with earnings before hand so I do have my eye on plenty. For the earnings plays I am just looking for my levels to come into play with clear strength or weakness and follow it. Nothing special, no premeditated bias, will let the price action do all the talking.
1. Stay patient, nothing but clear PA at my HTF levels.
2. BIG picture, if 1st entry missed, take 2nd with smaller size and deal.
3. Follow risk plan
4. Nothing less than 8star fav.
5. Follow direction of SPY
These big companies coming out with earnings and how we react from here will set the tone going forward. Follow it if it makes sense and is clear, if it doesnt make sense, dont force anything until it does.
SPY gapping down pretty good. Got under prev lod, but currently reclaiming and looking to hold above. Making it hard to find a good long. Originally I liked a lot of longs for favorites, but now gapping down will make it a bit harder
FSLY l
ROKU l
RRGB l
WKHS l
PYPL l
QCOM l
UPS s
WKHS
Super strong open breaking a few HTF breakout levels. Looking for deep pb to get long.
Pushed under vwap, 1st bounce was good but didnt see enough to get in yet. Waiting on 2nd.
Got good 2nd cahnce with big bid, quick in and out for loss but quickly got back in as it held and reclaimed again.
Market not helping at all but clearly buying here.
Too bad got pretty big, SPY dumping faster and harder as we go. No help for this trade.
As always though good exits dont fight it. Crashed another .75 cents just a bit after. Coulve been huge loss.
PFE
While back gap, weak today with market weakness. Pulling up to vwap / HTF after big flush to new LOD.
Got above it, too far for me to stay interested but got back under again, will wait on a new retest.
Built lower and came back to vwap just under prev lod. Looking for short. Market is gaining some strength but weakening already.
KODK
Big ripper. Sideways to start but holding above prev ATH twice now and had good tape action but was a bit slow. Waiting on 2nd chance.
Huge refresh bid at 37.50 got in in front very nice. Looking for retrace to vwap. Vol cues show downtrend weakening. Both sides have a lot going on.
Had nice pop but big offers brought us right back down. Looked like we might bust through so early exit. Can always get back in.
No go but good call, couldve been much larger loss as it broke through.
------------------------------------------------------------------------------------------
Broke down a point and more but came back up above prev ath again. Looking for long.
Can tell from trend sellers are tired. Not as strong on downside. Came into .70 again and was super slow. Got in on upticks and added above 38. Looking for vwap test here. Probably lots of bags wanting out at breakeven again. Would be nice to see the pivot break but manage expectations.
Did come back to enrty and offer showed up at 38 and bid at .75 Moved stop to under him.
Again good call, flushed half a point as soon as it broke lower. Is possible for another reset.
---------------------------------------------------------------------------------
Didnt reclaim yet, but still no big flush and huge bids still around. PA telling me were due for a pullback short pop soon. Vol low. Bids strong, fail to breakdown.
Nope had to say something then we saw the vol come in on the sell side into lod.
1ST HALF
Market is doing what I thought we might, whole lotts no direction. Big moves both directions, neither sticking. Going to be super patient today in waiting for something clear.
Down a decent amount. WKHS the main cause. I liked what I saw and got big, gotta deal. The only issue I see was the market was weak and headed towards LOD. But the tape alone led me to get in and I should always trade the stock not the SPY.
UPS
super strong move here, wide rising wedge. Getting to the over extended point. looking for reversals.
Market is getting strong and breaking out, UPS weakening up here.
Got what I need and tape cues, just waiting on the move lower now. Great start. Shouldnt over stay my welcome.
And did not last long at all. Ripped right back up, out brekaeven.
KODK
had nice fall, but came up to reclaim level again and big buying happening once again. Thinking we may get a squeeze soon.
Came lower into TL, saw no big bids, but sellers unable to break it down again.
And then did see a big bid come in. Have to wait still, must be patient for best case scenario here. Dont need to get in when im not supposed to. Need to see hes real and holding.
He was real, and we broke lower, but no flush, got back above and hes there again. Looking for in.
Got in and other bids followed. SPY ripping higher.
Retraced to it already and doesnt seem to be here anymore, but were not selling off yet.
They are here again and stacking. Getting v tight with MAs.
Couldnt hold. All out, then the flush came.
WKHS
Back again after weakness all day, squeezed above vwap.
Came back to test it after testing top TL frm HOD and we found stacked bids. Tape so clear, Got long big added twice.
Looking to get above prev pivot high we just had. Market still strong.
Another push up blocked by hidden sell. Then big offers came. Were very tight, just waiting. Can still go. Stop is reduced.
Made new micro high, huge bid came in.
Damn shame that didnt go. looked so good. Put the size on too. Escaped unharmed small L.
----------------------------------------------
Didnt take long and right back in as after the flush, bought up and even bigger bid showed up.
Got in in front, but again no go. SPY also falling at the moment.
------------------------------------------------------------------
More time passed and we got a failed trendline breakdown lower from vwap and got back to it. Deciding now if theres a trade here.
BLNK
Same as WKHS, weak and sudden pop with vol holding above. Looking for retrace to vwap + ah hi to get long.
Tape showing big bids down here.
Got low enough to convince me there was nothing to be done, then ripped up half a point resetting.
Seen huge bids this whole time we base down here. Got a starter early above him. Getting very tight. TLs and MAs
Stepped up bids followed I added. Stop decently tight.
Each time we dip lower we keep propping it back up/ Bottom TL just under price and will be stop. We keep flashing big bids so I know were here. Offers are here too though, almost same case as WKHS.
I doubled size when I mean to add small. If I get chance to get out of it breakeven I should take, but trade still looks fine.
Turning point right now, we got above micro pivot and all MAs on 1/5/10
Should go now.
13 big offer, got above with lots of buys.
Huge vol increase into top TL.
Offers are big and thick, took off that extra piece I was too big on.
And got bid up again right away. 13.34 number to beat, offers lo .20s are big. Unable so far. Should plow through if theres really the demand here. Will not let this go negative now.
Collapsed on me. Out breakeven.
-------------------------------------------------------------------
No problem getting back in if I see it lower. Offers are just huge right now and we are getting super tight.
Not giving a pb deep enough for me to want in yet, I gotta see it. Will go for scalp above range though.
Got the scalp and added, big offer came in and rejected us lower again. and out small L.
And I was wrong, exploded higher.
This ONE TIME. If I didnt touch the trade wouldve been a winner. I tell you the way that stock acted was not that of my best winners. I cant feel bad about exiting that 1st position. To be up 3R, and give it all back, those things dont happen with my best winners.
I looked for a way back in but never got it so settled for scalp. Which also did not act right.
The name just shook me out before it wanted to make its move. I cant adapt my trading style just because one stock this one time fucked me. Its absolutely annoying to see this garbage happen. Win wouldve erased all my losses this week. 1 trade.
RECAP
1st trades on WKHS
-Fine. Strong open. Came down to level and held with good tape. Didnt bounce back up for me. SPY was also weak at this moment.
2nd.
Better than the 1st. Late day pop back above levels with tight TL. Came to it and held, decent bids. On pop saw huge buying. Sellers were hidden on offer and could not get through.
Sized up huge everything was there for me. Great exit, plenty of warning signs and escaped small L.
Re entered as soon as it reset and more giant bids came in. Reacted quickly and with size, reset the trade. But same case, couldnt get through after holding tight for a while. A little screwed on exit, but fine overall.
1st on KODK
Just looking at it I think I settled for less here. An argument can be made the PA is looking like selling is drying up, low vol on attempt lower, but trend clearly down and under vwap and MAs, SPY also was weak and not popping back up yet. Tape may have been 1 thing in my favor, but overall I think this should have been an avoid. Marking as settling for less.
I think a scalp here would have been fine. That is part of my playbook. Bid was massive and we did get a decent bounce from it, couldve been a wallet padder win.
2nd
Better setup. With failure, and as time had passed it had coiled a while with still good tape cues. Didnt go for me.
UPS
Reversal didnt go. Fine.
BLNK
1st 3 entries were great and respected everything Id want to see. Close to stopping me out, but didnt and held and I added as I should. Got to the point of what I call no return, where the stock should go and never come back. Got to top TL and broke minor pivot and nothing happening. Nothing major on tape, the pullback was just so fast and all the way back to entry I wasnt going to give it up
Looked for re entry, never got to test bottom TL. I think this is one of those cases where I sacrificed the big picture idea. Get in now. Save max risk for best price. Just put 200 shares back on, risk 20cents and id have caught the move. But because I wanted max size from the start I missed it.
Scalp was great from the start, good tape, but again these pullbacks got to me. Too far too fast and I bailed bottom tick out as it turned and blasted off.
So what exactly went wrong today. Few things. Ignored market conditions, took trade anyways. Too big size when it was not planned/necessary. Left it on anyways, took bigger loss than necessary. Did not get back in on the 1 good win of the day.
Risk was managed well again overall, some more bs today. Monthly review is talking about what to do more.
Comments
Post a Comment