9/9 DRC
Yesterday was an odd one. Pretty mediocre trading day. Things seemed to take off out of nowhere so no way was I able to get into any of the beatdowns. Simply buy and hold doesnt make sense to me so im not doing it. Gotta get what I know works best for me, no need to chase.
Really only had 1 solid trade on the day that I missed. And the problem was not getting back in after it reset. And it did, and gave clear levels to get back in at, but I wanted it back lower again, given what I had seen, it was unlikely to go lower again so getting back in on the break is what I should have done, but didnt.
Some names out there very strong recovery, some none at all, some still breaking down. Looking like a pretty divided market so expecting a lot of chop still. The stock itself is going to have to prove to me strong or weak. Cant completely rely on SPY or overall industry to tell me what to do. The tape will tell.
Overall long bias looks to win as we have consolidated at lows of ranges with large volume, preventing further losses. Looking for more recovery out there.
1. Re enter all trades that have had great tape cues, and still strong holding above levels.
2. Stay patient, let trade become clean and clear before taking if market is sideways. If market has clear direction, is ok to get aggressive and early.
DDOG BYND DOCU WKHS CELH COUP SPCE GAN LMND ZI Beatdowns
Open going into bell is pretty strong, looking like some recovery to start the day, hopefully it can hold.
DDOG
SIdeways open, cant quite get a clean read yet but overall holding above prev hod and bo level. Keeps dipping lower and failing to drop more so waiting on tape
And got it right away and it. Failed right away but already back up, looking to add. SPY turning up, had to chase to add a bit but is ok. Good action heree, with bids stepping up and in.
Have to add more as its fav and 10 star, and did. Needs to go
Couldnt as SPY faked out and turned lower now. Decent loss.
SPCE
Strong pop at open, failing to hold above prevhi and bo level but may recover soon. Waiting.
Did get back above and then some, stuck waiting on pb to level again, not chasing.
Didnt hold pb.
BA
Market overall weak, BA leading it. Pulling up to vwap and prev lod, good setup.
OPES
Strong pop and open, retest vwap mas and prev hod and saw big offer step away and we start rising again. In as we got up to pivot breakout level. Vol slow and spready.
Not doing a thing, very low vol now as were still holding above. Waiting on break to add more. SPY made new HOD and holding above range and vwap, market is helping.
Offers stepped lower but we took them out, bids not stepping up though.
Got some good buying to get us to breakout level. Trying to add, we broke level and got add in. And again. We broke and bids came in to support it right away. Big offer though at .50 well have ot get past. Avg 1min vol is maybe 2k, this guy is 10k.
Time goes by, nothing happening, bids good, holding above bo zone still.
Worth adding once we break mini range top were making here into .50. TL and MAs catching up under price. We did break, trying to get filled.
Tried to but left much too fast without me. Right to HOD. I want to see 15 though for PT.
Actually do need to adjust PT idea. Just made new HOD also makes an ATR move from recent low, should look to take here.
Very low vol pb. Holding full still.
Freak order came in, spiked us up .60 cents. Spread gross, trying to get better exit.
Never got it and slowly came back down. Bids still here but so are offers. On its last legs atm will be out under bid at .55, needs to be turning point higher.
And is turning higher now. Might get a chance to get out at 15 after all. A ways to go still.
Up a bit, making new mini range. If closes under this new one im out. Getting impatient, feels like im waiting to take a loss lower as it wants vwap again. And lost it and all out. Annoying, spread couldnt tighten when I wanted to get out.
BYND
Solid scalp setup around prev close, Very tight edge clearly to bulls. Scalp breakout.
Good start, looking for whole number pivot break. Vol and candle and tape and market is great. Everything points up.
Slow. Came to entry and held, will be exit if lost.
Up to 135, good buying cant seem to get past it. Cant tell if hidden sell.
Got above and blew up, Might get to HOD, whole market seems to be in recovery mode and BYND just started.
Decent stall at .50 but got above, and stuffed back under, still looking to take soon. And majority out. Leaving small to ride on 9ma.
Didnt last long, lost it and 135
NFLX
Weak open, recovered all and vwap, htf bo level. Making nice range above, looking for long.
SPY turning up hard, went for momo scalp as we broke up above range. Failed hard on me all out.
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Still didnt go anywhere, broke lower from range into vwap, looking for failure to buy.
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Much later reset and made nice triangle, failed a range break lower, bought up to top of range and TL. Looking for momentum scalp on breakout. SPY ripping higher still.
Got it but failed, might go again if 510 is broken.
Dipping lower but getting bought up each time.
PK
Big runner beatdown name. Very tight above yest close. Looking for breakdown from tight range to buy. Very nice structure similar to past days. Tight around vwap, fails lower, making triangle, looking for that break to explode again.
Internet died as it was looking to get that test lower. Well see once its back up again.
NKLA
Beat down all day, coiling tight above old bo level, failed to break lower from in several times, looking to buy a dip here and scalp momentum.
Did break lower, but stalled and back up again, waiting on a pb to see if more buying. Tape has very large bids all over.
Making v tight falling wedge, looking at a reversal trade now. Problem now is whole market looks like this with weakness. waiting on momentum to buy or over extension lower.
And got the momo but quickly came to an end after the 1st TL break. Maybe re entry.
Got it and added, started looking squeezy. Good vol increase. Looking at 44.30 for pivot break and maybe bigger squeeze, great start so far. 44 1st tough spot to get through, some HTF MAs here,
Got above, failing, going to be taking partial here and did. Coming back down now.
Came to breakeven and held, popped up again but tape is not great here. Lots of red. Will see at whole number again. Thought about adding a momo lot again, should have we did make new highs here into .30
And we broke with huge vol. 45 is going to be trouble, theres also a minor TL to use as over ext will probably be all out on this move up now. Big offers keep appearing, we are taking them out. If we cant hold above .30 im all out.
Dipped under, but back above with good buying, looks like im holding for a bit longer. Will give 9ma now as its almost caught up.
And was a bad call, lost .40 cents.
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Surprisingly setting up again going into the close. Made its way back to near LOD, didnt break it, coiling tight again with TLs and MAs just around price. looking for momentum
Broke well, hidden buyers and sellers trying to take back control. Still waiting on momo.
Broke mini range low and reclaimed, I think if we get back above it thats where we can start to see it.
Still testing lower, now huge confluence at .40 with 3 TLs and HTF bo level. Cant do it, too close to bell, wont take.
WKHS
Just when I thought I was done for the day WKHS made giant triangle all day, building above vwap now and broke higher into other pivots. Very tight range top to play off of. Vol increased and late day squeeze definitely possible. Going to take scalp on break above .05
Then we have .08 then .19
Somehow filled before break, using whole number as backstop.
Now we broke, added on other pivot break, tape getting crazy, huge vol coming in. Cant seem to blast off yet.
Trying but not hugely succesful yet, have to wait a bit.
Came back on me, taking small win. Thought that would be a lot faster. Chance for re entry on a pb ill wait.
And was clearly a warning sign I was seeing. Collapsed lower shortly after.
Pretty uneventful day. Just not much going on, not many clean moves. DDOG, tough loss but necessary, OPES wanted a good fill to get out at but never got it, gave back a lot there, NFLX sucked all around. Was a good short but didnt act on it. BYND solid scalp, SPOT I took from my phone, kept a small win as I obviously cant keep good track of it from a phone. NKLA happy I got what I did from it at least. WKHS a bit disappointing but good management,
Only missed a LMND long, which I did get a tiny fill at, but price left fast one that one. Couldnt chase it RR was gone fast.
Finishing green always good, today was not a day to make a killing.
Really only had 1 solid trade on the day that I missed. And the problem was not getting back in after it reset. And it did, and gave clear levels to get back in at, but I wanted it back lower again, given what I had seen, it was unlikely to go lower again so getting back in on the break is what I should have done, but didnt.
Some names out there very strong recovery, some none at all, some still breaking down. Looking like a pretty divided market so expecting a lot of chop still. The stock itself is going to have to prove to me strong or weak. Cant completely rely on SPY or overall industry to tell me what to do. The tape will tell.
Overall long bias looks to win as we have consolidated at lows of ranges with large volume, preventing further losses. Looking for more recovery out there.
1. Re enter all trades that have had great tape cues, and still strong holding above levels.
2. Stay patient, let trade become clean and clear before taking if market is sideways. If market has clear direction, is ok to get aggressive and early.
DDOG BYND DOCU WKHS CELH COUP SPCE GAN LMND ZI Beatdowns
Open going into bell is pretty strong, looking like some recovery to start the day, hopefully it can hold.
DDOG
SIdeways open, cant quite get a clean read yet but overall holding above prev hod and bo level. Keeps dipping lower and failing to drop more so waiting on tape
And got it right away and it. Failed right away but already back up, looking to add. SPY turning up, had to chase to add a bit but is ok. Good action heree, with bids stepping up and in.
Have to add more as its fav and 10 star, and did. Needs to go
Couldnt as SPY faked out and turned lower now. Decent loss.
SPCE
Strong pop at open, failing to hold above prevhi and bo level but may recover soon. Waiting.
Did get back above and then some, stuck waiting on pb to level again, not chasing.
Didnt hold pb.
BA
Market overall weak, BA leading it. Pulling up to vwap and prev lod, good setup.
OPES
Strong pop and open, retest vwap mas and prev hod and saw big offer step away and we start rising again. In as we got up to pivot breakout level. Vol slow and spready.
Not doing a thing, very low vol now as were still holding above. Waiting on break to add more. SPY made new HOD and holding above range and vwap, market is helping.
Offers stepped lower but we took them out, bids not stepping up though.
Got some good buying to get us to breakout level. Trying to add, we broke level and got add in. And again. We broke and bids came in to support it right away. Big offer though at .50 well have ot get past. Avg 1min vol is maybe 2k, this guy is 10k.
Time goes by, nothing happening, bids good, holding above bo zone still.
Worth adding once we break mini range top were making here into .50. TL and MAs catching up under price. We did break, trying to get filled.
Tried to but left much too fast without me. Right to HOD. I want to see 15 though for PT.
Actually do need to adjust PT idea. Just made new HOD also makes an ATR move from recent low, should look to take here.
Very low vol pb. Holding full still.
Freak order came in, spiked us up .60 cents. Spread gross, trying to get better exit.
Never got it and slowly came back down. Bids still here but so are offers. On its last legs atm will be out under bid at .55, needs to be turning point higher.
And is turning higher now. Might get a chance to get out at 15 after all. A ways to go still.
Up a bit, making new mini range. If closes under this new one im out. Getting impatient, feels like im waiting to take a loss lower as it wants vwap again. And lost it and all out. Annoying, spread couldnt tighten when I wanted to get out.
BYND
Solid scalp setup around prev close, Very tight edge clearly to bulls. Scalp breakout.
Good start, looking for whole number pivot break. Vol and candle and tape and market is great. Everything points up.
Slow. Came to entry and held, will be exit if lost.
Up to 135, good buying cant seem to get past it. Cant tell if hidden sell.
Got above and blew up, Might get to HOD, whole market seems to be in recovery mode and BYND just started.
Decent stall at .50 but got above, and stuffed back under, still looking to take soon. And majority out. Leaving small to ride on 9ma.
Didnt last long, lost it and 135
NFLX
Weak open, recovered all and vwap, htf bo level. Making nice range above, looking for long.
SPY turning up hard, went for momo scalp as we broke up above range. Failed hard on me all out.
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Still didnt go anywhere, broke lower from range into vwap, looking for failure to buy.
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Much later reset and made nice triangle, failed a range break lower, bought up to top of range and TL. Looking for momentum scalp on breakout. SPY ripping higher still.
Got it but failed, might go again if 510 is broken.
Dipping lower but getting bought up each time.
PK
Big runner beatdown name. Very tight above yest close. Looking for breakdown from tight range to buy. Very nice structure similar to past days. Tight around vwap, fails lower, making triangle, looking for that break to explode again.
Internet died as it was looking to get that test lower. Well see once its back up again.
NKLA
Beat down all day, coiling tight above old bo level, failed to break lower from in several times, looking to buy a dip here and scalp momentum.
Did break lower, but stalled and back up again, waiting on a pb to see if more buying. Tape has very large bids all over.
Making v tight falling wedge, looking at a reversal trade now. Problem now is whole market looks like this with weakness. waiting on momentum to buy or over extension lower.
And got the momo but quickly came to an end after the 1st TL break. Maybe re entry.
Got it and added, started looking squeezy. Good vol increase. Looking at 44.30 for pivot break and maybe bigger squeeze, great start so far. 44 1st tough spot to get through, some HTF MAs here,
Got above, failing, going to be taking partial here and did. Coming back down now.
Came to breakeven and held, popped up again but tape is not great here. Lots of red. Will see at whole number again. Thought about adding a momo lot again, should have we did make new highs here into .30
And we broke with huge vol. 45 is going to be trouble, theres also a minor TL to use as over ext will probably be all out on this move up now. Big offers keep appearing, we are taking them out. If we cant hold above .30 im all out.
Dipped under, but back above with good buying, looks like im holding for a bit longer. Will give 9ma now as its almost caught up.
And was a bad call, lost .40 cents.
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Surprisingly setting up again going into the close. Made its way back to near LOD, didnt break it, coiling tight again with TLs and MAs just around price. looking for momentum
Broke well, hidden buyers and sellers trying to take back control. Still waiting on momo.
Broke mini range low and reclaimed, I think if we get back above it thats where we can start to see it.
Still testing lower, now huge confluence at .40 with 3 TLs and HTF bo level. Cant do it, too close to bell, wont take.
WKHS
Just when I thought I was done for the day WKHS made giant triangle all day, building above vwap now and broke higher into other pivots. Very tight range top to play off of. Vol increased and late day squeeze definitely possible. Going to take scalp on break above .05
Then we have .08 then .19
Somehow filled before break, using whole number as backstop.
Now we broke, added on other pivot break, tape getting crazy, huge vol coming in. Cant seem to blast off yet.
Trying but not hugely succesful yet, have to wait a bit.
Came back on me, taking small win. Thought that would be a lot faster. Chance for re entry on a pb ill wait.
And was clearly a warning sign I was seeing. Collapsed lower shortly after.
Pretty uneventful day. Just not much going on, not many clean moves. DDOG, tough loss but necessary, OPES wanted a good fill to get out at but never got it, gave back a lot there, NFLX sucked all around. Was a good short but didnt act on it. BYND solid scalp, SPOT I took from my phone, kept a small win as I obviously cant keep good track of it from a phone. NKLA happy I got what I did from it at least. WKHS a bit disappointing but good management,
Only missed a LMND long, which I did get a tiny fill at, but price left fast one that one. Couldnt chase it RR was gone fast.
Finishing green always good, today was not a day to make a killing.
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