7/8 DRC
Solid trades yesterday on TSLA. Was a good reminder of how boring trading can be. Waiting and waiting. We gotta do what we gotta do. Wait for the best and take nothing else.
SPY and overall market looking ready for a downturn. I got a lot of shorts and longs each, a few failures and some looking like they still want to break higher. There are some real crazy movers out there. As always waiting for it to come to me 1st.
1. Put your stop in as soon as you have the second to do it.
2. Dont take anything that isnt clearly holding above/under HTF levels.
3. Stay aggressive. Get big.
MRNA
Strong open with vol, pulled back to vwap + prev hod and saw some decent buying. Got a starter but no adds and stopped out.
Later on made nice triangle, had good offer get broken to the upside and we held around it under vwap. Saw a bid come in and got in front. Was taken out though stopped out.
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It did break higher frm the levels and vwap triangle and got above prev hod. Pulled back to the level again and saw good buying. I got in in front and added as we went up. Rolled over on me right away and got out.
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After it broke down lower it made a tight range. It tested above back into prev hod + under vwap and broke TL to upside with no vol and got rejected. I got it a starter and added as we ticked lower. Stop was able to be tight and based on tape. Market sideways.
Unable to follow through and stopped out with slippage.
Market then decided to collapse and MRNA eventually made a move. Saw no way back in. Wanted to see it test vwap + .50
TSLA
Failed lower a few times with volume, came back up to TL from HOD, broke it with some vol into HTF level and we found sellers there + vwap. Gave it a few chances and it was unable to get above. Got a starter and added a couple times as we ticked lower, couldnt go. Stopped out.
ROKU
Whole time SPY was dumping ROKU held strong. PA telling me sellers are getting tired around this HTF area and buyers holding on. We dipped lower and looked like it was going to be the 1st time we failed to make a LL and we started skipping up. Got a starter, no chances to add. Then SPY had another dump candle lower and got stopped.
SPY
reversal. Way over extended past prev lod and pmkt lo, great spot to look for it and candles gave me it. Max size though risk isnt as big as I want, simply not enough bp. Great start, tons of buying and held entry. Taking a bit to go off though. Internals looked good.
Came right to stop and bounced. But hit it.
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Trying again as PA still looks great, internals correlating and now we have failed a new LOD push.
Almost same tape as last time, good buying not getting anywhere though. Holding entry multiple times. Internals ripping higher, other indecies rising. And started moving higher. Looking for TL break to upside to retrace a lot of this move before I take off. Stop just under break even.
Broke TL and vol seems to be rising. Looks good for 314 PT.
Internals starting to roll over and SPY slowing down. Stop is moved up to 1min double bottom we just made. Keeping this win, getting a chunk back of losses.
Sellers are coming in and this is a pmkt are that found S, now acting as R. But were making a nice base here. Maybe another good pop if im lucky. Selling pressure is on. PT will be on new high from this.
If we can get .80s we look great for it. Selling here but were not giving it up yet. Tough spot.
We broke range, but not into 80s and vol just die. Taking half on 1min lo now. Other half on range lo. And out all.
-------------------------------------------------------
Grinded its way back to vwap, made a nice range and held above with HTF area confluence. It broke lower and lost TL and came to retest it. Tape looked good and vol was low so very good looking trade. Added as it ticked lower. Internals only thing that is kind of worrisome. Everything else looks great.
Almost stopped me out, but turned lower with volume. Tape cues A+ nothing but big red. Not looking for LOD here but a decent ways lower back to where SPY found some S after the big flush.
We have our recent low from the TL break at 314.10 and that .10 cent zone should be a problem. Internals weak but failing to make new lows so far and SPY back up past entry again. No reason to change anything yet.
And cant believe that one failed, looked A+ too bad.
TSLA
Reversal. Started getting much too over extended lower breaking trend to the downside. Good candles and vol, added as it started popping more. Slow.
No pop, stop reduced and out tiny loss.
ROKU
Bit triangle, broke out to upside ave HTF range and vwap and top TL with vol. Pbs to levels and held with good tape, market ripping higher. I got a starter and added right away. But failed right away and got out.
Reset again though at vwap. Found good buying under and was unable to drop lower. Got in and added as we went higher.
Im expecting this to turn into a huge squeeze as its spent all day under and around a big HTF zone and now getting and holding above. That with daily context could turn pretty big. Structure not great so profit target is early rather than late. Market theme of everything squeezing making me think im good here.
Broke big offer at .50 PT just ahead. Vol increasing.
SPY pulling down ROKU following. Have to deal with pullbacks and loss still.
Huge confluence at 133 right now. 2 TLs vwap and 133.
20 min to close, ROKU at top end of VA with volume to the upside and tape looking great. Still expecting this late day squeeze here. That and other longs may want in swing.
Moving stop to under micro pivot. Needs to be gone and never come back.
Trying again at mid .60s on less vol. Internals and SPY weak. Doesnt look good, dont have a way out yet.
If i See things start dumping and ROKU follows ill take half and exit rest on right spot.
Huge offer came in, we took him out. Almost exited in front if we reacted. New High and PT hit just after. Half off soon. 11 minutes left in day. Value telling me we should rip here. All shorts underwater. All longs happy. All longs HTF context v happy.
Mustve hit hidden sell or something at .88 couldnt get past him. Spread got stupid wide and exited most.
Once again trendlines. I keep forgetting to draw them. 4 tap TL i didnt notice is where that sell was. Good reasons for earlier exits.
Right up to TL and stopped again. Out rest on nee 1min lo. And out all. Good trade to end the day.
Not a great day. Lots of losers. Cut my losses in half though with that last ROKU win. Still red on the day a decent amount. I went back and watched my video. I really didnt do anything wrong. Just a bunch of losers today. The big problem was not getting back in or just missing trades.
MRNA was a huge miss on the short side. I was not looking for re entry and it gave me same setup even better than I got in as the 1st one. TSLA another big short miss, watching something else. SPY was an A+ short that just didnt go, but when it did it gave no good RR for me to want to get in. ROKU was a nice win.
Problem with changing my stop after 1st one was lost. "this ones next" doesnt matter, manage risk. I need to respect my stops and get out where I need to be out. Took 6 more than -1R losses today and all were preventable from being that way.
An odd day. Have to do better next time. Typing out goals in tomorrows DRC
SPY and overall market looking ready for a downturn. I got a lot of shorts and longs each, a few failures and some looking like they still want to break higher. There are some real crazy movers out there. As always waiting for it to come to me 1st.
1. Put your stop in as soon as you have the second to do it.
2. Dont take anything that isnt clearly holding above/under HTF levels.
3. Stay aggressive. Get big.
MRNA
Later on made nice triangle, had good offer get broken to the upside and we held around it under vwap. Saw a bid come in and got in front. Was taken out though stopped out.
------------------------------------------------------------------
It did break higher frm the levels and vwap triangle and got above prev hod. Pulled back to the level again and saw good buying. I got in in front and added as we went up. Rolled over on me right away and got out.
----------------------------------------------------------------------
After it broke down lower it made a tight range. It tested above back into prev hod + under vwap and broke TL to upside with no vol and got rejected. I got it a starter and added as we ticked lower. Stop was able to be tight and based on tape. Market sideways.
Unable to follow through and stopped out with slippage.
Market then decided to collapse and MRNA eventually made a move. Saw no way back in. Wanted to see it test vwap + .50
TSLA
Failed lower a few times with volume, came back up to TL from HOD, broke it with some vol into HTF level and we found sellers there + vwap. Gave it a few chances and it was unable to get above. Got a starter and added a couple times as we ticked lower, couldnt go. Stopped out.
ROKU
Whole time SPY was dumping ROKU held strong. PA telling me sellers are getting tired around this HTF area and buyers holding on. We dipped lower and looked like it was going to be the 1st time we failed to make a LL and we started skipping up. Got a starter, no chances to add. Then SPY had another dump candle lower and got stopped.
SPY
reversal. Way over extended past prev lod and pmkt lo, great spot to look for it and candles gave me it. Max size though risk isnt as big as I want, simply not enough bp. Great start, tons of buying and held entry. Taking a bit to go off though. Internals looked good.
Came right to stop and bounced. But hit it.
-----------------------------------------------------------
Trying again as PA still looks great, internals correlating and now we have failed a new LOD push.
Almost same tape as last time, good buying not getting anywhere though. Holding entry multiple times. Internals ripping higher, other indecies rising. And started moving higher. Looking for TL break to upside to retrace a lot of this move before I take off. Stop just under break even.
Broke TL and vol seems to be rising. Looks good for 314 PT.
Internals starting to roll over and SPY slowing down. Stop is moved up to 1min double bottom we just made. Keeping this win, getting a chunk back of losses.
Sellers are coming in and this is a pmkt are that found S, now acting as R. But were making a nice base here. Maybe another good pop if im lucky. Selling pressure is on. PT will be on new high from this.
If we can get .80s we look great for it. Selling here but were not giving it up yet. Tough spot.
We broke range, but not into 80s and vol just die. Taking half on 1min lo now. Other half on range lo. And out all.
-------------------------------------------------------
Grinded its way back to vwap, made a nice range and held above with HTF area confluence. It broke lower and lost TL and came to retest it. Tape looked good and vol was low so very good looking trade. Added as it ticked lower. Internals only thing that is kind of worrisome. Everything else looks great.
Almost stopped me out, but turned lower with volume. Tape cues A+ nothing but big red. Not looking for LOD here but a decent ways lower back to where SPY found some S after the big flush.
We have our recent low from the TL break at 314.10 and that .10 cent zone should be a problem. Internals weak but failing to make new lows so far and SPY back up past entry again. No reason to change anything yet.
And cant believe that one failed, looked A+ too bad.
TSLA
Reversal. Started getting much too over extended lower breaking trend to the downside. Good candles and vol, added as it started popping more. Slow.
No pop, stop reduced and out tiny loss.
ROKU
Bit triangle, broke out to upside ave HTF range and vwap and top TL with vol. Pbs to levels and held with good tape, market ripping higher. I got a starter and added right away. But failed right away and got out.
Reset again though at vwap. Found good buying under and was unable to drop lower. Got in and added as we went higher.
Im expecting this to turn into a huge squeeze as its spent all day under and around a big HTF zone and now getting and holding above. That with daily context could turn pretty big. Structure not great so profit target is early rather than late. Market theme of everything squeezing making me think im good here.
Broke big offer at .50 PT just ahead. Vol increasing.
SPY pulling down ROKU following. Have to deal with pullbacks and loss still.
Huge confluence at 133 right now. 2 TLs vwap and 133.
20 min to close, ROKU at top end of VA with volume to the upside and tape looking great. Still expecting this late day squeeze here. That and other longs may want in swing.
Moving stop to under micro pivot. Needs to be gone and never come back.
Trying again at mid .60s on less vol. Internals and SPY weak. Doesnt look good, dont have a way out yet.
If i See things start dumping and ROKU follows ill take half and exit rest on right spot.
Huge offer came in, we took him out. Almost exited in front if we reacted. New High and PT hit just after. Half off soon. 11 minutes left in day. Value telling me we should rip here. All shorts underwater. All longs happy. All longs HTF context v happy.
Mustve hit hidden sell or something at .88 couldnt get past him. Spread got stupid wide and exited most.
Once again trendlines. I keep forgetting to draw them. 4 tap TL i didnt notice is where that sell was. Good reasons for earlier exits.
Right up to TL and stopped again. Out rest on nee 1min lo. And out all. Good trade to end the day.
Not a great day. Lots of losers. Cut my losses in half though with that last ROKU win. Still red on the day a decent amount. I went back and watched my video. I really didnt do anything wrong. Just a bunch of losers today. The big problem was not getting back in or just missing trades.
MRNA was a huge miss on the short side. I was not looking for re entry and it gave me same setup even better than I got in as the 1st one. TSLA another big short miss, watching something else. SPY was an A+ short that just didnt go, but when it did it gave no good RR for me to want to get in. ROKU was a nice win.
Problem with changing my stop after 1st one was lost. "this ones next" doesnt matter, manage risk. I need to respect my stops and get out where I need to be out. Took 6 more than -1R losses today and all were preventable from being that way.
An odd day. Have to do better next time. Typing out goals in tomorrows DRC
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