10/16 DRC

 Slow day today. SPY recovered well from the lows, maybe we keep pulling back up to retest mid 349s and then 352. Long is back on for moment. Gapping up a bit near the highs and pmkt trend is up. 

Really dont have much to watch today. I want to work on my process today and stats for better review on compliance. The ones I do have look pretty good though today.

PENN FUTU JKS SPCE NVAX RRGB CMPS CIT

PENN

starter on huge bid showing at failed LOD push

add as we spike. All cues great here. 

Push into vwap. 

Saw hidden sell above. Tried to get out for win, no fill ended up with loss on adds. Holding core still looking to add if repeat lower. 

Crashed lower out core. Will have to reset. small L. 

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Lost it good, but came right back above vwap and HTF zones with great vol and buying, will wait on retest for re long. 


CMPS

low vol trader. Clear tape here. In on whole number break, added with huge bid and buys following. 

Added again as we held still crazy buying. 

Solid move to PT, seeing big bids still, will take partial once broken.

Held bid at 40.30 for several mins. Still holding

Made up to HOD, not breaking, seeing good vol but now we got WS. Not busting 

Sold adds. Super spready name, why take chance. 

Did pull down past vwap, will hold core for bounce, seems likely. Want to add to this. Will probably take a while to see it.

Came under vwap, to entry, still low vol, tested under, saw huge buys, added to core. 

Didnt hold, dropped it and all out. Small L on core. 


FUTU

Sold recovery with vol back above prev hi. Big offer was here but taken out and that was my in. Low vol pb still holding above all, great looking setup. Low vol name though again so may take some time. Market very strong. 

Not much follow up, no chance to add just holding core. Seem to be riding 9ma for moment. Will add more if we hold pb. 

Making nice triangle. Will have to see pb, dont think were gonna bust out here just yet. 

Tape picked up a bit, we broke TL but not pivot will add small to core when we do. Adds will come after if we blow up. 

And we broke added small. 

Came lower, huge offer came in but we took him out and I added. Bad add though, I took offer when spread was /10cents

Coiling still, have to deal with loss. 

Still holding above range, TL from LOD now caught up, is turning point here. Needs to see pop on failure lower if we get it. 

Super lo vol still. Just waiting for one way or the other. Huge buys still but not breaking above now. Market also turning lower. 

Have to hold here, HTF saws higher still, will have to deal with decent sized loss if it happens.

Didnt not drop, added as we broke higher and reclaimed. No vol though, need to be cautious and run for exit if it doesnt go now.  

Seller must be big and hidden, just stuffed price lower past stop. Out big L. 

I think i needed to bail on this trade a lot sooner than I did. I held through a lot of warning signs.

1. market ripping, but not FUTU

2. Hidden sell and lack of follow through on each attempted break. 

3. Funky buying, not seeing any break of offer. 


PTON

quick scalp. Kept win, no holds, nice. 

NVAX

market dump, A+ here. Good adds, good recovery but super low vol. Took it quick and was good call. 

Later setup nice sheld, got back in scalp breakout, very slow move still but decent move, took half at 1st sell. market also helping 

So slow, made other break to retest old bo pivot, dead vol took it all off on another sell.

JKS

 super tight triangle, scalp scenario. Clear momo and tape went in and added on breaks. 

Beautiful setup, damn shame didnt go. Super fast to exit though small loss and got horribly worse just after. 

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Very interesting trade here. 

past 2 days around 1215 weve had a repeat pattern. Range made, fake out lower and rip rest of day. 

Well we got that exact same case today and I caught it. Scalped it well and took half well above what I thought id get. Holding bit to ride just in case it wants to keep ramping into end of week. 





Good end to the week. Scalp city again. FUTU only bad trade. Have some work to do on weekly. 

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