8/6 DRC
Too bad didnt get to trade all day yesterday. If I couldve stuck around for 30 more minutes wouldve caught huge win on BA. But on to today.
SPY with some big moves up, going sideways this premarket into the open. Good unemployment numbers may help. Cant help but think were over extended right now so any kind of failure may lead to some significant sell off. Most plans are long, I am starting to see some failure out there though. Some earnings names are selling off big time and recovering a bit going into the open.
Plan as always is to respect my process. Trade off of levels I want, in conditions that help my trade not hurt it. As long as SPY still trending up, longs are the best trades. Only if were seeing weakness in both the stock and SPY will shorts be the best trades.
1. Get into a the big picture idea if missed 1st best entry.
2. Follow profit taking rules.
3. Dont get caught diddling in the middle. Take longs after they have shown signs of strength, not weakness.
AAPL
TSLA
BA
UNH
WW
PPD
M
TGI
Airlines
AAL
Airline sold off at open, AAL into prev hod. Had great buying there and got starter and added, made a nice little pop, but SPY sold off some, rest of airlines had nice pop too but couldnt follow through. Tiny loss.
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Later in day reclaimed and ripped up. Now pulling back to prev hod + vwap. Longs
PA a little odd but is at level I want. Looking for good tape buying to get in.
Huge bids and offers, buyers winning got in and added twice. Market also pulling up and offers not able to hold lower. Other airlines also pulling up well. Should be what I need here.
Up 1R stop at breakeven. Up 2R stop before breakeven now securing a win. Pa still weird and stop out may be bad, but dont care, following rules taking W if I have to. Best trades never come back.
And out looking to get right back in if there. HUGE offer showed up 200k
Dont think I want back in, we failed TL break and tape showing weakness other airlines the same.. Should wait a while until it looks better. dont need to force it.
AAPL
had nice pop at open, failed rolled over hard lost made new LOD. Reclaimed prev hod.
Got what I needed and got in, and then SPY turned and dumped on me, AAPL followed.
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And then ripped right back up again, AAPL following. May reset here. And it did and im in
And a repeat of exact same situation. SPY pop to new HOD and dumped lower right away. Better exit though this time in AAPL.
UNH
Strong open, bounced off prev hod once, coiled around vwap, may test again.
DG
an odd one, market strong, DG weak all day. Failed an ATH breakout yesterday, currently above 194 and prev lod but triangle forming getting tight and tighter. Looking for short on vwap + TL test.
PFE
Weak alll day, can tell selling is drying up though, trend weakening into prev hod. Looking for long. Need tape, stock clearly weak.
Over extended from TL into .50 saw lots of buying. Seeing if we can keep it. Not here 2nd time around. Will wait for reclaim of level to hold.
FSLY
earning stock with reversal. Acting weak all day. Came back up to HTF zone and vwap made nice range top. Looking for breakout into range high + vwp to fail for short.
Blew it, wasnt watching it.
WIMI
Sideways for the most part, long edge is on. Pop at open, failed new lod, reclaimed with vol, no retesting HTF + vwap.
Hit and bounced, in and huge bid came in. Trying to get more.
Hes still there, no pops since though, sideways for a few minutes. Looking to add on new micro range high here, Bids here and stacking, good action both sides atm.
Popped ahead, bids followed added more. And more again as tape looks great.
Into top TL now from HOD. vol spiking and tape looks good, needs to go now or warning signs. Offers arent here anymore.
Of course SPY dumping back to vwap right now wont help. We pulled back, bids still here but problems now. WIMI is trading above avg rvol today. We got signs both ends, needs to be gone.
Offers showing but bids still here and holding. Tough call. Dont want to bail on the trade too early, but also big and dont need to take a big hit right now after warning signs. Need to bail if bid breaks into
SPY just collapsing. Really screwing with me today. All out. Back into HTF, may reset.
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Did sell off good. But reclaimed again into vwap + htf + top tl from hod. Lots of confluence here. Dont think I want to chase an entry on this breakout unless I see huge bid come in. Will wait for pb back to vwap. Looks A+
Good buying here, bid buys, but offers must be hidden and absorbing it all. Good vol bump but price not moving any higher.
Blew up without me, failed a triangle breakdown into more bids, guess it wanted to explode from there. Cant be mad missed this one.
PPD
Odd action, sold off all morning and random vol spike ripped it back above vwap and prev hod + breakout level. Looking for pb to it for long. Low vol but RVOL is up.
Into vwap v low vol, no spike.
And then we got it, sudden pop higher bids chased and Im in. Stop tight.
Structure not super clean, but like action after failed breakdown into level. MAs split helping and hurting. SPY helping we reclaimed vwap with vol and internals holding up. Is 9 star and favorite, 10 star would have to see some serious bids step in.
Offers showing up and bids disappearing.
Just kept stepping down, all out.
AAL
Later in day SPY was grinding higher, AAL doing the same along with airlines. HTF charts look freat with MAs very tight. 1min goes both ways we have bottom TL we are failing to break lower from. Thinking if we can dip under get bought up the long is here.
Airlines failing, not getting bought up, maybe something later.
UNH
Spent all day under vwap after failing to hold above prev hod. Recently getting above and holding. Its v late in day mid afternoon, so dont want to be too early on this but looks good for move higher.
Broke range lower into vwap and bottom TL. Looking.
Ripped higher, saw no way in.
Definitely buying here, waiting to see how low we want to go before another push up. At vwap again, wedged in between vwap and HTF.
Got to vwap speed picked up, we popped up i got in and added. All blue so far. Looking to add more above range, stop tight.
Bids got thin and just dropped out. Still holding on. And out.
---------------------------------
Reset right away and im back in.
And got fucked. need to call it a day.
Today kinda sucked. SPY screwed me for the trades I did get in, but the ones I didnt that were wins were my own fault. FSLY miss, AAPL big miss, WIMI couldve taken if I was watching tape on failed breakdown.
Losers were small but who cares, missed out on some serious winners today.
Failed my goal today of getting into big picture idea on AAPL. Just shouldve taken the smaller size breakout above the range, thats when SPY finally decided to trend higher and stick it too.
FSLY was just busy looking at another name, think AAL.
WIMI no excuse, wasnt acting right, then took off when I shouldve been looking for failure lower.
UNH I should have completely avoided, got caught in FOMO. Not following process and doubled loss on the day from that bs
Needed to be better today. Sad.
SPY with some big moves up, going sideways this premarket into the open. Good unemployment numbers may help. Cant help but think were over extended right now so any kind of failure may lead to some significant sell off. Most plans are long, I am starting to see some failure out there though. Some earnings names are selling off big time and recovering a bit going into the open.
Plan as always is to respect my process. Trade off of levels I want, in conditions that help my trade not hurt it. As long as SPY still trending up, longs are the best trades. Only if were seeing weakness in both the stock and SPY will shorts be the best trades.
1. Get into a the big picture idea if missed 1st best entry.
2. Follow profit taking rules.
3. Dont get caught diddling in the middle. Take longs after they have shown signs of strength, not weakness.
AAPL
TSLA
BA
UNH
WW
PPD
M
TGI
Airlines
AAL
Airline sold off at open, AAL into prev hod. Had great buying there and got starter and added, made a nice little pop, but SPY sold off some, rest of airlines had nice pop too but couldnt follow through. Tiny loss.
-------------------------------------------------------
Later in day reclaimed and ripped up. Now pulling back to prev hod + vwap. Longs
PA a little odd but is at level I want. Looking for good tape buying to get in.
Huge bids and offers, buyers winning got in and added twice. Market also pulling up and offers not able to hold lower. Other airlines also pulling up well. Should be what I need here.
Up 1R stop at breakeven. Up 2R stop before breakeven now securing a win. Pa still weird and stop out may be bad, but dont care, following rules taking W if I have to. Best trades never come back.
And out looking to get right back in if there. HUGE offer showed up 200k
Dont think I want back in, we failed TL break and tape showing weakness other airlines the same.. Should wait a while until it looks better. dont need to force it.
AAPL
had nice pop at open, failed rolled over hard lost made new LOD. Reclaimed prev hod.
Got what I needed and got in, and then SPY turned and dumped on me, AAPL followed.
-------------------------------------------------------------------------
And then ripped right back up again, AAPL following. May reset here. And it did and im in
And a repeat of exact same situation. SPY pop to new HOD and dumped lower right away. Better exit though this time in AAPL.
UNH
Strong open, bounced off prev hod once, coiled around vwap, may test again.
DG
an odd one, market strong, DG weak all day. Failed an ATH breakout yesterday, currently above 194 and prev lod but triangle forming getting tight and tighter. Looking for short on vwap + TL test.
PFE
Weak alll day, can tell selling is drying up though, trend weakening into prev hod. Looking for long. Need tape, stock clearly weak.
Over extended from TL into .50 saw lots of buying. Seeing if we can keep it. Not here 2nd time around. Will wait for reclaim of level to hold.
FSLY
earning stock with reversal. Acting weak all day. Came back up to HTF zone and vwap made nice range top. Looking for breakout into range high + vwp to fail for short.
Blew it, wasnt watching it.
WIMI
Sideways for the most part, long edge is on. Pop at open, failed new lod, reclaimed with vol, no retesting HTF + vwap.
Hit and bounced, in and huge bid came in. Trying to get more.
Hes still there, no pops since though, sideways for a few minutes. Looking to add on new micro range high here, Bids here and stacking, good action both sides atm.
Popped ahead, bids followed added more. And more again as tape looks great.
Into top TL now from HOD. vol spiking and tape looks good, needs to go now or warning signs. Offers arent here anymore.
Of course SPY dumping back to vwap right now wont help. We pulled back, bids still here but problems now. WIMI is trading above avg rvol today. We got signs both ends, needs to be gone.
Offers showing but bids still here and holding. Tough call. Dont want to bail on the trade too early, but also big and dont need to take a big hit right now after warning signs. Need to bail if bid breaks into
SPY just collapsing. Really screwing with me today. All out. Back into HTF, may reset.
-------------------------------------------------------------------
Did sell off good. But reclaimed again into vwap + htf + top tl from hod. Lots of confluence here. Dont think I want to chase an entry on this breakout unless I see huge bid come in. Will wait for pb back to vwap. Looks A+
Good buying here, bid buys, but offers must be hidden and absorbing it all. Good vol bump but price not moving any higher.
Blew up without me, failed a triangle breakdown into more bids, guess it wanted to explode from there. Cant be mad missed this one.
PPD
Odd action, sold off all morning and random vol spike ripped it back above vwap and prev hod + breakout level. Looking for pb to it for long. Low vol but RVOL is up.
Into vwap v low vol, no spike.
And then we got it, sudden pop higher bids chased and Im in. Stop tight.
Structure not super clean, but like action after failed breakdown into level. MAs split helping and hurting. SPY helping we reclaimed vwap with vol and internals holding up. Is 9 star and favorite, 10 star would have to see some serious bids step in.
Offers showing up and bids disappearing.
Just kept stepping down, all out.
AAL
Later in day SPY was grinding higher, AAL doing the same along with airlines. HTF charts look freat with MAs very tight. 1min goes both ways we have bottom TL we are failing to break lower from. Thinking if we can dip under get bought up the long is here.
Airlines failing, not getting bought up, maybe something later.
UNH
Spent all day under vwap after failing to hold above prev hod. Recently getting above and holding. Its v late in day mid afternoon, so dont want to be too early on this but looks good for move higher.
Broke range lower into vwap and bottom TL. Looking.
Ripped higher, saw no way in.
Definitely buying here, waiting to see how low we want to go before another push up. At vwap again, wedged in between vwap and HTF.
Got to vwap speed picked up, we popped up i got in and added. All blue so far. Looking to add more above range, stop tight.
Bids got thin and just dropped out. Still holding on. And out.
---------------------------------
Reset right away and im back in.
And got fucked. need to call it a day.
Today kinda sucked. SPY screwed me for the trades I did get in, but the ones I didnt that were wins were my own fault. FSLY miss, AAPL big miss, WIMI couldve taken if I was watching tape on failed breakdown.
Losers were small but who cares, missed out on some serious winners today.
Failed my goal today of getting into big picture idea on AAPL. Just shouldve taken the smaller size breakout above the range, thats when SPY finally decided to trend higher and stick it too.
FSLY was just busy looking at another name, think AAL.
WIMI no excuse, wasnt acting right, then took off when I shouldve been looking for failure lower.
UNH I should have completely avoided, got caught in FOMO. Not following process and doubled loss on the day from that bs
Needed to be better today. Sad.
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